Property Details
1202 Nelson Street
Sedro Woolley, WA 98284
$1,195,000
Pending – Backup Offer Requested
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Property Overview
Excellent Investment Opportunity tucked away at the end of a quiet street, this exceptionally well-maintained 4-plex offers both cash flow and long-term value. All units have been tastefully remodeled within the last 5 years, including updated kitchens, bathrooms, and flooring. Each features 2 ample bedrooms, 1 full bath, comfortable living room, well-designed kitchen with dining area. Two separate buildings face each other, creating a charming, compound-style layout. Extra-large single-car garages between units add privacy and separation. Each unit enjoys its own unique outdoor space, with private patios surrounded by mature trees, creating a peaceful, welcoming environment. Rare opportunity to own a fully leased, low-maintenance asset.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending – Backup Offer Requested
County
Skagit
Neighborhood
Sedro Woolley
Listed
Jun 3, 2026
Structure Type
Quadruplex
Parcel Number
P77270
Tax & HOA
Annual Property Tax
$8,216 (2026)
Est. Monthly Tax
$685/mo
Financial Summary
Cap Rate
6.88%
Net Operating Income
$82,211
Gross Scheduled Income
$105,336
Gross Rent Multiplier
11.34
Total Expenses
$21,018
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
3,264
Leasable Area
2,880 sqft
Total Units
4
Lot Size
22,216 sqft
Year Built
1975
Exterior & Lot
Lot Size
0.51 sqft
Year Built
1975
Garage
4 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood Products
Community & Access
Directions
end of Nelson Street, east of 11th Street
Location
City
Sedro Woolley
County
Skagit
Coordinates
48.50073, -122.21966
Additional Information
Tax Year
2026
Annual Taxes
$8,216
Possession
Array
Based on information submitted to the MLS GRID as of June 15, 2026 6:45 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.
