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.
Active
Listed by:
Kyle H. Martin,
Muljat Group,
Kyle Coston,
Muljat Group
Price cut: $50K (5/27)
$1,575,000
1848 Eastgate Loop, Ferndale, WA 98248
12beds
8baths
5,616sqft
Est.:
Quadruplex
Built in 2020
-- sqft lot
$1,538,000 Zestimate®
$280/sqft
$40/mo HOA
What's special
Primary suiteWalk-in closetEnsuite bathHigh-end finishesPrivate deckStainless steel appliancesExtra room for storage
- 76 days
- on Zillow |
- 145 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: May 29, 2025 at 05:28pm
Listed by:
Kyle H. Martin,
Muljat Group,
Kyle Coston,
Muljat Group
Source: NWMLS,MLS#: 2360799

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
Heating
- Ductless, 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
Video & virtual tour
Property
Parking
- Total spaces: 8
- Covered spaces: 8
Features
- Patio & porch: Laminate
- Has view: Yes
- View description: Territorial
Lot
- Size: 10,018.8 Square Feet
- 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 & HOA
Community
- Subdivision: Ferndale
HOA
- HOA fee: $480 annually
Location
- Region: Ferndale
Financial & listing details
- Price per square foot: $280/sqft
- Tax assessed value: $1,361,610
- Annual tax amount: $10,465
- Date on market: 4/18/2025
- Listing terms: Cash Out,Conventional,VA Loan
- Cumulative days on market: 77 days
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