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MLS: #NWM2562279, Listed By: Wynden Holman, Windermere RE Whatcom, Inc., Source:NWMLS - Northwest Multiple Listing Service

321 N 4th Street #A-D

Mount Vernon, WA 98273
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Bed 0

Bed

Bath 0

Bath

SqFt2,891

Sqft

Acres0.22

Acre(Lot)

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 resi dence, 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!

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,199,000

AD Id : 89045569

MLS Id : NWM2562279

Lot Size : 0.22 Acre

Living Area Size : 2,891

Year Built : 1917

Garage : 1

County : Skagit

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Feature Features

  • Interior Features

    Roof: Shake

    Roofing Information

    Shake
  • Flooring Information

    Flooring: Vinyl, Vinyl Plank Construction Materials: Wood
  • Heating & Cooling

    Heating: Ductless Has Heating: Yes Cooling: Ductless Has Cooling: Yes WaterSource: Public

  • Building Information

    Year Built: 1917
  • Exterior Features

    Wood Construction Materials: Wood Foundation Details: Poured Concrete

  • Lot Information

    Lot Description: Paved Lot Square Feet: 9581 Lot Acres: 0.2199

    Property Information

    Property Type: Residential Income Sub Type: Multi Family Structure Type: Quadruplex

  • Listing Price Information

    Original List Price:$1199000

  • Tax Information

    Annual Tax: $6635 Tax Year: 2026 Parcel Number: P52226

  • Parking Information

    Total Parking: 6

    Garage Information

    Garage Space: 1

  • School Information

    Elementary School: Buyer To Verify Junior High School: La Venture Mid Senior High School: Mount Vernon High
  • Utility Information

    Sewer: Sewer Connected Water Source: Public
  • Location Information

    Subdivision: Mount Vernon City: Mount Vernon Direction: Take the WA-538 E/College Way exit, EXIT 227. Turn left onto W College Way/WA-538 Turn right onto Riverside Dr. Riverside Dr becomes N 4th St. Home is on the RIGHT.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1509 Sunset Place, Mount Vernon, WA, 98273 $1,200,000 -- -- 4,624 4,624 SqFt
520 N 1st Street, Mount Vernon, WA, 98273 $899,000 -- -- --
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ByOwner last updated this listing 08/05/2026 @ 06:20

MLS: NWMLS #2562279 LISTED BY: Wynden Holman, Windermere RE Whatcom, Inc. 360-371-5100 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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