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Kara Meloy

kara.meloy@engelvoelkers.com +1(509) 393-9327

Listed by:Windermere RE Whatcom, Inc. • Wynden Holman

$ 1,199,000

Est. payment -/mo

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321 N 4th ST #A-D Mount Vernon, WA 98273

7 Beds

4 Baths

2,891 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,891 sqft

Price per Sqft $414

Subdivision Mount Vernon

MLS Listing ID 2562279

Style 54 - 4-Plex

Bedrooms 7

Year Built 1917

Annual Tax Amount $6,635

Lot Size 9,581 Sqft

Property Sub-Type Multi Family

Property Description

Investor Alert – Exceptional Cash-Flow Opportunity with Future Value-Add Potential! Now generating $6,395 per month in gross rental income, this turnkey 4-plex offers immediate cash flow with future flexibility. The property consists of a newly renovated triplex plus a detached 2-bedroom, 1-bath home on one lot, with the potential to adjust the lot line and create two separate properties—a standalone home and a triplex (buyer to verify feasibility). Extensively updated, the units feature new appliances, mini-split heating and cooling systems, flooring, windows, kitchens, and bathrooms. Each unit is separately metered for simplified utility management. The triplex includes a one-car garage and additional basement storage. Whether you're looking to maximize your investment or occupy one residence, this property offers outstanding flexibility. Choose to adjust the lot line and sell one property while keeping the other, live in the detached home and rent the triplex, or maintain all four units as income-producing rentals. The detached home features a spacious yard, off-street parking, and scenic river views, making it an attractive rental or owner-occupied residence. Conveniently located near shopping, downtown amenities, and freeway access, this property combines strong in-place income, recent renovations, and future upside. Don't miss this exceptional investment opportunity!

Location

State WA

County Skagit

Area 835 - Mount Vernon

Interior

Flooring Vinyl, Vinyl Plank

Fireplace false

Exterior

Exterior Feature Wood

Garage Spaces 1.0

Amenities Available Shop

View Y/N Yes

View River, Territorial

Roof Type Shake

Building

Lot Description Paved

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools La Venture Mid

High Schools Mount Vernon High

School District Mount Vernon

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Kara Meloy

Real Estate Advisor | License ID: 20120373

+1(509) 393-9327

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