Property Details
325 N 21st Street
Mount Vernon, WA 98273
$1,655,000
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Property Overview
Nice eight unit complex on the hill in Mount Vernon. Six 2-bed, 1-bath units. One 1-bed, 1-bath unit. One studio. Central laundry. Great access to medical, schools retail. New roof recently installed.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Skagit
Neighborhood
Mt Vernon Hill
Listed
Sep 9, 2025
Original Price
$1,900,000
Structure Type
Multi Family
Parcel Number
26919
Tax & HOA
Annual Property Tax
$10,505 (2024)
Est. Monthly Tax
$875/mo
Financial Summary
Cap Rate
6.30%
Net Operating Income
$111,706
Gross Scheduled Income
$135,660
Gross Rent Multiplier
13.00
Total Expenses
$23,954
Building & Use
Building Sq Ft
5,685
Leasable Area
5,685 sqft
Total Units
8
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
15,586 sqft
Year Built
1976
Exterior & Lot
Lot Size
0.36 sqft
Year Built
1976
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved
Exterior Features
Wood
Community & Access
Directions
I-5 exit to College Way. East to LaVenture. Right on LaVenture. Right on Fir and Left on N 21st.
Location
City
Mount Vernon
County
Skagit
Coordinates
48.42341, -122.31508
Additional Information
Tax Year
2024
Annual Taxes
$10,505
Possession
Array
Based on information submitted to the MLS GRID as of June 18, 2026 7:30 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.
