Listing Provided Courtesy Of:
HomeSmart Real Estate Assoc and NWMLS
520 N 1st Street Mount Vernon, WA
$ 880,000
Property Attributes
  • ID#1861520
  • TypeMulti-Family
  • CountySKAGIT
  • CityMount Vernon
  • AreaMount Vernon
  • NeighborhoodMount Vernon
  • Zip98273
  • Style5-9 Units
  • Year Built1921
  • Taxes$ 5447
  • Price$ 880,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3360
  • Lot Size9,148 SqFt
Listing Provided Courtesy Of:
HomeSmart Real Estate Assoc and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

Six-unit that is centrally located in the heart of Mount Vernon. The home comes with a large lot with off-road parking. It is minutes to downtown, shopping mall, and the Skagit River front. Skagit County offers less than 1% vacancy rate county-wide with the ability to increase rent on each unit. The average rent is $1,295 (per market rent rate). Each unit gets multiple applicants per day and is listed for lease. There is potential to increase its income and cash flow. Great way to generate additional income via coin-op washer and dryer. Bring this home to market value and increase its cash

Elementary School Middle School High School
Buyer To Verify Elementary School Buyer To Verify Middle School Buyer To Verify High School
Price History
11/5/2021 Listed $880,000

General Features

Building Area Units Square Feet
Carport Y/N No
City Mount Vernon
County Skagit
Directions Exit 226 onto Kincaid St, SR-536West; Turn left onto E Kincaid St toward City Center; Turn right onto S Second St ; Turn left onto W Highland St; Turn right onto N First ST to property on right.
Electric Expense 360
Elementary School Buyer To Verify
Exterior Features Wood
Flooring Ceramic Tile, Laminate, Vinyl
Fuel Expense 2416
High School Buyer To Verify
High School District Mount Vernon
Insurance Expense 2408
Interior Features Ceramic Tile, Laminate Hardwood
Leasable Area 3360
Lot Size Square Feet 9148
MLS Area 835 - Mount Vernon
Middle/Junior High School Buyer To Verify
Net Operating Income 60266
New Construction No
Open Parking Spaces 12
Possession Tenant's Rights
Possible Use Multi-Family
Property Style 55 - 5-9 Units
Property SubType Multi-Family
Property Type Residential Income
PropertyCondition Good
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name 1st
Structure Type Multi Family
Subdivision Name Mount Vernon
Tax Annual Amount 5447
Tax Year 2020
Terms Cash Out, Conventional
Total Units 6
Units Below Grade false
Units In Building Total 6
Utilities Sewer Connected, Electricity Available, Natural Gas Connected
View Territorial
Water Sewer Garbage 3503
Year Built 1921
Zoning Class Multi-Family

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric, Natural Gas
Street Suffix Street
Total Stories 2

Exterior Features

Building Area Total 3360
Foundation Details Poured Concrete
Irrigation Water Rights Y/N No
Lot Features Paved
Lot Size Acres 0.21
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 12
Site Features Fenced-Partially
Total Parking 12
View Y/N Yes
Water Source Public
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98273

AVG $880K
AVG $5,447
AVG 12
Year Built
AVG 1921
AVG 68
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.