Property Details
210 N 15th Street
Mount Vernon, WA 98273
$5,818,000
Pending Feasibility
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Property Overview
Rent roll provided upon receipt of NDA. Villorbra consists of 33 units located on the Hill, out of the flood plain. Close proximity to medical , elementary, high school, Skagit Valley College, county and city agencies and retail. Located 60 miles north of Seattle and 70 miles south of Vancouver, BC. It is the largest city in Skagit County. The complex is comprised of 13-1 bed, 1 bath. 15 – 2 bed, 2 baths. 5 – 5 2 bed, 2 bath. 3- garages. Built from 1972-1974 These units are well-maintained with storage areas in the kitchen and hallway. Units are updated on a continual basis and vacancy averages 0-5%.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending Feasibility
County
Skagit
Neighborhood
Mt Vernon Hill
Listed
May 28, 2026
Structure Type
Multi Family
Parcel Number
P26895
Tax & HOA
Annual Property Tax
$50,038 (2025)
Est. Monthly Tax
$4,170/mo
Financial Summary
Cap Rate
6.00%
Net Operating Income
$349,115
Gross Scheduled Income
$522,341
Gross Rent Multiplier
11.14
Total Expenses
$173,226
Building & Use
Leasable Area
25,548 sqft
Zoning
Multi-Family
Possible Use
Multi-Family
Year Built
1973
Exterior & Lot
Lot Size
2.30 sqft
Year Built
1973
Garage
3 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood
Community & Access
Directions
Kincaid exit off I-5, Follow Kincaid up hill. Kincaid to 15th Street crossing Division Street, complex on east side of street.
Location
City
Mount Vernon
County
Skagit
Coordinates
48.42221, -122.32223
Additional Information
Tax Year
2025
Annual Taxes
$50,038
Possession
Array
Based on information submitted to the MLS GRID as of June 9, 2026 10:30 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.
