Property Details
1307 Fir Lane #7
Mount Vernon, WA 98273
$1,787,000
Active
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Property Overview
1307 – 1321 Fir Lane Well cared for 7 unit multifamily compound. All units are single story 2 bed 1 bath with yards. Many units have new flooring and ll units have an attached carport. The compound is comprised of 3 buildings all with new TPO roof. Complex is located on the hill out of the flood plain and close to schools, medical, retail and restaurants. Ownership of appliances to be confirmed at time of sale. All showings will be scheduled with a mutually accepted offer. Do not distrub tenants.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Skagit
Neighborhood
Mount Vernon
Listed
May 5, 2026
Structure Type
Multi Family
Parcel Number
25696
Tax & HOA
Annual Property Tax
$12,938 (2025)
Est. Monthly Tax
$1,078/mo
Financial Summary
Cap Rate
6.20%
Net Operating Income
$109,923
Gross Scheduled Income
$133,980
Gross Rent Multiplier
13.30
Total Expenses
$24,057
Building & Use
Building Sq Ft
5,824
Leasable Area
5,824 sqft
Total Units
7
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
33,215 sqft
Year Built
1952
Exterior & Lot
Lot Size
0.76 sqft
Year Built
1952
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Cul-De-Sac, Paved
Exterior Features
Wood
Community & Access
Directions
College Way exit off I-5. South on Riverside Drive. East on Fir. North to Fir Lane.
Location
City
Mount Vernon
County
Skagit
Coordinates
48.42880, -122.32557
Additional Information
Tax Year
2025
Annual Taxes
$12,938
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:09 AM. 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.
