Property Details
520 N 1st Street
Mount Vernon, WA 98273
$899,000
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Property Overview
Six-unit apartment building located in the central core of Mount Vernon, Washington. This multi-family investment property experiences low tenant turnover due to its proximity and super affordable units. There are four 1-bedroom/1-bath units and two 2-bedroom/1-bathroom units with 100% occupancy. The property has dedicated parking in the rear of the building as well as off-street parking.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Skagit
Neighborhood
Mount Vernon
Listed
Mar 3, 2026
Original Price
$999,999
Structure Type
Multi Family
Parcel Number
P26525
Tax & HOA
Annual Property Tax
$9,496 (2025)
Est. Monthly Tax
$791/mo
Financial Summary
Gross Scheduled Income
$85,500
Total Expenses
$19,325
Vacancy Rate
100.0%
Building & Use
Leasable Area
3,360 sqft
Total Units
6
Zoning
Multi-Family
Possible Use
Multi-Family
Year Built
1921
Exterior & Lot
Lot Size
0.21 sqft
Year Built
1921
Exterior Materials
Wood
Sewer
Available
Water Source
Public
Exterior Features
Wood
Community & Access
Directions
Exit 226; West, then right on 2nd Street, Continue to High Street, then left (west), then right on 1st Street, to property on the right.
Location
City
Mount Vernon
County
Skagit
Coordinates
48.42625, -122.33678
Additional Information
Tax Year
2025
Annual Taxes
$9,496
Possession
Array
Based on information submitted to the MLS GRID as of June 17, 2026 5:30 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.
