Property Details
11040 N Skagit Street #A & B
Burlington, WA 98233
$675,000
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Property Overview
Updated Duplex in Burlington. Great Investor Opportunity! Each unit is 3 bedrooms & 1 bathroom, with separate fully fenced yards. Seller is currently renting rooms in Unit B for $900/mo – beginning to rent rooms in Unit A for the same, as well. Tenants on M2M leases. New buyer can inherit tenants, for immediate cash flow. Yards back up nicely to Burlington Hill, offering green space and a more private rural feel. NEW ROOF, newer appliances, updated kitchens, vinyl flooring, & electric fireplaces. More updates to come, seller is having gutters installed, plus interior trim, some painting, etc. Interior is light & bright. Each unit has a dedicated laundry area, including pantry, dining space, full kitchen & outdoor patio. RV Parking. Sited nicely at the end of the street, just off the cul-de-sac. NO flood insurance required. 24 Hours notice needed for tours – schedule your visit today! Open house 10am-12pm Saturday the 13th.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Skagit
Neighborhood
Burlington
Listed
Jun 12, 2026
Structure Type
Duplex
Parcel Number
P80562
Tax & HOA
Annual Property Tax
$4,973 (2026)
Est. Monthly Tax
$414/mo
Financial Summary
Cap Rate
6.80%
Net Operating Income
$45,991
Gross Scheduled Income
$55,200
Gross Rent Multiplier
12.23
Total Expenses
$9,209
Building & Use
Building Sq Ft
2,448
Leasable Area
2,448 sqft
Total Units
2
Lot Size
16,914 sqft
Year Built
1979
Exterior & Lot
Lot Size
0.39 sqft
Year Built
1979
Exterior Materials
Stone, Wood
Parking
RV Parking
Sewer
Septic Tank
Water Source
Public
Lot Features
Cul-De-Sac, Paved
Exterior Features
Stone, Wood
Community & Access
Directions
From SR 20 turn onto N. Skagit Street. Residence is on the left hand side of the road, near the end of the cul-de-sac.
Location
City
Burlington
County
Skagit
Coordinates
48.48558, -122.31876
Additional Information
Tax Year
2026
Annual Taxes
$4,973
Possession
Array
Based on information submitted to the MLS GRID as of June 12, 2026 2:45 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
