Property Details

11087 N Skagit Street #A & B
Burlington, WA 98233
$605,000
MLS# 2543565 courtesy of NWMLS Listing firm: RE/MAX Whatcom County, Inc.

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11087 N Skagit Street #A & B, Burlington, WA 98233, Burlington

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11087 N Skagit Street #A & B, Burlington, WA 98233, Burlington

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Multi-Family
Property Type
1,920
Bldg Sq Ft
2
Units
6.13%
Cap Rate
1979
Year Built

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
Listed By
Sommer Nyte
RE/MAX Whatcom County, Inc.

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