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Listing courtesy of NWMLS / Muljat Group

1848 Eastgate Loop

Ferndale, WA 98248

– beds
– baths
5,616 sqft
10,019 sqft lot
$289 per sqft
2020 build

Modern 4-plex built in 2020 with strong rental history, low vacancy, and high-end finishes throughout. Each unit features quartz countertops, soft-close cabinets, stainless steel appliances, and LVP flooring. Ground floor includes a 2-car garage. Second level offers an open layout with kitchen, private deck, living room, and half bath. All bedrooms and laundry are on the top floor; primary suite includes ensuite bath and walk-in closet. Turnkey investment in a prime location with 6.2%CAP / 14.18 GRM. A rare opportunity with reliable cash flow and minimal maintenance.

Listing courtesy of NWMLS / Muljat Group

Last checked: Checking… • Last updated Apr 18, 2025 •

MLS# 2360799 —

The Building

Year Built:

2020
New Construction:

false
Building Name:

East Gate
Structure Type:

Quadruplex
Roof:

Composition
Foundation Details:

Slab
Exterior Features:

Cement Planked, Wood
Units In Building Total:

4
# of Units Total:

4
Stories Total:

3
Building Area Total:

5616
Building Area Units:

Square Feet
Calculated SqFt:

5616
SqFt Source:

Assessor
Construction Materials:

Cement Plank, Wood

Interior

Interior Features:

Laminate, Laminate Hardwood, Wall to Wall Carpet
Flooring:

Laminate, Vinyl Plank, Carpet
Fireplace:

false

Financial & Terms

Possession:

Tenant's Rights

Location

Latitude:

48.865297
Longitude:

-122.583792
Directions:

I-5N-Portal Wy Exit#263. Right/NE onto Portal Wy. Right on Eastgate Loop and then left.

The Property

Property Type:

Residential Income
Property Subtype:

Multi Family
Property Condition:

Very Good
Parcel Number:

3902173150890000
Lot Number:

12
Lot Features:

Corner Lot, Cul-De-Sac, Dead End Street, Paved
Lot Size Units:

Square Feet
Lot Size Acres:

0.23
Lot Size SqFt:

10019
Lot Size Source:

Assessor
Zoning Description:

Multi-Family
Zoning Jurisdiction:

City
View:

Territorial
View:

true
Waterfront:

false
Possible Use:

Multi-Family
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

10465.73

The Listing

Special Listing Conditions:

None
Virtual Tour Unbranded:

Virtual Tour
Virtual Tour URL Description:

Virtual Walk-Through

Heating & Cooling

Cooling:

true
Heating:

true
Cooling:

Ductless HP-Mini Split
Heating:

Ductless HP-Mini Split, Wall Unit(s)

Utilities

Water Company:

City Of Ferndale
Water Source:

Public
Sewer:

Sewer Connected
Sewer Company:

City Of Ferndale
Power Company:

Puget Sound Energy

Schools

Elementary School:

Cascadia Elem
Middle Or Junior School:

Vista Mid
High School:

Ferndale High
High School District:

Ferndale

The Community

Subdivision Name:

Ferndale
Senior Community:

false
Association Fee:

480
Association Fee Frequency:

Annually
Association:

true

Parking

Parking Total:

8
Open Parking:

false
Garage SqFt:

2544
Carport:

false
Covered Spaces:

8

Listing courtesy of NWMLS / Muljat Group

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Sun Apr 20 2025 02:25 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

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Sale history

Date	Event	Source	Price	% Change
4/18/25 Apr 18, 2025	Listed / Active	NWMLS	$1,625,000

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This multifamily located in Ferndale, WA 98248 is currently for sale for $1,625,000. 1848 Eastgate Loop is a 5,616 square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Cascadia Elementary School, Ferndale High School, Windward High School, and Vista Middle School.

Listing courtesy of NWMLS / Muljat Group

Disclaimer: The information contained in this listing has not been verified by Muljat Group and should be verified by the buyer.