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  • Listed by: 

    Kyle H. Martin,

    Muljat Group,

    Kyle Coston,

    Muljat Group

    $1,546,000

    1848 Eastgate Loop, Ferndale, WA 98248

    --beds
    --baths
    5,616sqft
    Quadruplex
    Built in 2020
    -- sqft lot
    $1,505,100 Zestimate®
    $275/sqft
    $2,159 Estimated rent

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    $2,159/mo

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    $9,390/mo

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    $9,390/mo

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    What's special

    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. 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. Ground floor includes a full-size 2-car garage that has has extra room for storage, including exterior access door. Turnkey investment in a prime location with 6.43%CAP / 13.67 GRM. A rare opportunity with reliable cash flow and minimal maintenance.

    Zillow last checked: 7 hours ago

    Listing updated: October 01, 2025 at 04:52pm

    Listed by:

    Kyle H. Martin,

    Muljat Group,

    Kyle Coston,

    Muljat Group

    Bought with:

    Jeff Engen, 21015477

    MJB Real Estate Group

    Source: NWMLS,MLS#: 2360799MLS Logo

    Facts & features

    Interior

    Heating
    • Ductless, Wall Unit(s), Electric
    Cooling
    • Ductless
    Features
    • Flooring: Laminate, Vinyl Plank, Carpet
    • Has fireplace: No
    Interior area
    • Total structure area: 5,616
    • Total interior livable area: 5,616 sqft

    Property

    Parking
    • Total spaces: 8
    • Covered spaces: 8
    Features
    • Has view: Yes
    • View description: Territorial
    Lot
    • Size: 10,018 sqft
    • Features: Corner Lot, Cul-De-Sac, Dead End Street, Paved
    Details
    • Parcel number: 3902173150890000
    • Zoning description: Multi-Family,Jurisdiction: City
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Cement Planked, Wood Siding, Cement Plank
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Very Good
    • Year built: 2020

    Utilities & green energy

    • Electric: Company: Puget Sound Energy
    • Sewer: Sewer Connected, Company: City of Ferndale
    • Water: Public, Company: City of Ferndale

    Community & neighborhood

    Location
    • Region: Ferndale
    • Subdivision: Ferndale

    HOA & financial

    HOA
    • HOA fee: $480 annually

    Other

    Other facts
    • Listing terms: Cash Out,Conventional,VA Loan
    • Cumulative days on market: 109 days
    Services availability