New Listing
$375,000
 $2,013 est/mo Sourced by Back At You

49 Willow Lane,Mount Vernon, WA 98273

Mount Vernon, WA 98273

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Description

Three units at $125,000 per door. Two 1BR/1BA and one 2BR/1BA, all single-level with private entries on a 7,405 SF lot, minutes from I-5 and downtown Mount Vernon. 100% occupied. The opportunity is the rent gap. In-place rents total $2,575/month. Comparable Mount Vernon one-bedrooms are currently leasing between $1,380 and $1,600. At conservative market rents this property produces $44,400 annually, roughly $13,500 above today, with no change to the building. Self-managed by the same ownership since 2017. Owner pays water, sewer, garbage and common electric; tenants pay in-unit power. Off-street parking, fenced rear yard, single-story construction with no shared stairwells or common corridors. Seller-operated NOI $14,464. Pro forma NOI $26,464.

Details

MLS #2577601
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1950
Days On Site5
Listing Provided ByKeller Williams Realty Bothell | Corey Crain

Features

SQ Feet1,600
Story(s)1
Units3
ZoningMulti-Family
Acreage0.17

Taxes

Property6314

Area Information

StateWA
CountySkagit
CityMount Vernon
Zip Code98273
Area825 Burlington
Community NameMount Vernon
Listing VS Median (in Mount Vernon)
Price:
$375,000
low | high
Med:
$599,925
9.98% of Average
sqft:
1,600
low | high
Med:
1,646
47.125% of Average
$ / sqft:
$234
low | high
Med:
$365
5.591890113959% of Average
On site:
5
low | high
Med:
57.5
8.695652173913% of Average
Sourced by Back At You

Market Activity 98273

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Learn More About This Property

StateWA
CountySkagit
CityMount Vernon
Zip Code98273
Area825 Burlington
Community NameMount Vernon
Listing VS Median (in Mount Vernon)
Price:
$375,000
low | high
Med:
$599,925
9.98% of Average
sqft:
1,600
low | high
Med:
1,646
47.125% of Average
$ / sqft:
$234
low | high
Med:
$365
5.591890113959% of Average
On site:
5
low | high
Med:
57.5
8.695652173913% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $281K - $468K
sqft: 1,000 - 2,000
Nearby Listings Property ImageNearby Listings Details
1106 N 8th Street Property Photo 1
$589,000
1106 N 8th Street
Mount Vernon, WA 98273
218 Evergreen Street Property Photo 1
$575,000
218 Evergreen Street
Mount Vernon, WA 98273
Listing Updated: September 5, 2026 at 11:00:23 AM PDT