Property Details
45082 Shields Court
Concrete, WA 98237
$850,000
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Property Overview
Here is the investment opportunity that you have been looking for! 4 units, including an owner’s unit with 1,700+ square feet, 2 bedrooms, 3 bath, covered deck, 35 x 35 shop with 22 x 55 lean to that is rented. RV parking, single car garage with carport. The other 3 rental units are approximately 840 sq ft each with 2 bedrooms, 1 bath, washer/dryer, carport, small deck off of kitchen, close to town and walkable to post office, library and stores. Shop has bathroom.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Skagit
Neighborhood
Concrete
Listed
Mar 6, 2026
Financial Summary
Cap Rate
7.00%
Net Operating Income
$57,849
Gross Scheduled Income
$75,300
Gross Rent Multiplier
11.30
Total Expenses
$17,452
Building & Use
Building Sq Ft
4,256
Leasable Area
4,256 sqft
Total Units
4
Zoning
Residential
Possible Use
Residential
Lot Size
1.20 acres
Year Built
1999
Exterior & Lot
Lot Size
1.20 sqft
Year Built
1999
Garage
4 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Cul-De-Sac, Dead End Street, Paved
Exterior Features
Wood, Wood Products
Location
City
Concrete
County
Skagit
Coordinates
48.53763, -121.76410
Additional Information
Tax Year
2025
Annual Taxes
$5,589
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 4:34 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.
