Property Details
11087 N Skagit Street #A & B
Burlington, WA 98233
$605,000
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Property Overview
Excellent opportunity for investors and owner-occupants alike! This well-maintained duplex offers two 2-bedroom, 1-bath units with a total of 1,920 square feet and strong rental history. Current rents total $4,000/month, providing immediate income potential, while the layout and financing options make it equally appealing for those looking to live in one unit and offset their mortgage with rental income from the other. Situated on a generous lot in a convenient Burlington location, each unit enjoys its own fully fenced backyard, creating privacy and outdoor space rarely found in multifamily properties. Recent improvements include a new roof and updated flooring. One unit has been tastefully updated and shows beautifully, while the second offers an opportunity to add value over time. Both units feature functional floor plans with spacious living areas, two bedrooms, full bathrooms, and ample parking. Whether you’re looking to expand your investment portfolio, begin your real estate investment journey, or take advantage of a house-hacking opportunity, this property offers flexibility, upside potential, and a desirable location close to schools, shopping, dining, and easy I-5 access. Potential to put an RV on the lot for additional rental income. Buyer to verify. A rare chance to own an income-producing property with long-term potential in the heart of Skagit County.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Skagit
Neighborhood
Burlington
Listed
Jun 23, 2026
Structure Type
Duplex
Parcel Number
P80557
Tax & HOA
Annual Property Tax
$5,218 (2026)
Est. Monthly Tax
$435/mo
Financial Summary
Cap Rate
6.13%
Net Operating Income
$37,081
Gross Scheduled Income
$48,000
Gross Rent Multiplier
12.60
Total Expenses
$8,518
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
1,920
Leasable Area
1,920 sqft
Total Units
2
Lot Size
15,682 sqft
Year Built
1979
Exterior & Lot
Lot Size
0.36 sqft
Year Built
1979
Garage
2 spaces
Exterior Materials
Wood
Sewer
Septic Tank
Water Source
Public
Lot Features
Cul-De-Sac, Dead End Street, Paved
Exterior Features
Wood
Community & Access
Directions
From SR 20 turn onto N Skagit Street. Residence is on the right side of the road.
Location
City
Burlington
County
Skagit
Coordinates
48.48492, -122.31793
Additional Information
Tax Year
2026
Annual Taxes
$5,218
Possession
Array
