Property Details
903 S 22nd Court
Mount Vernon, WA 98274
$605,000
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Property Overview
Opportunity awaits with this fully rented Mount Vernon duplex offering an established income stream in a convenient, tucked-away setting. With approximately 2,322 sq ft, each unit features 2 bedrooms and 2 bathrooms, providing a desirable layout for tenants and flexibility for investors. Professionally managed for many years, this property offers the advantage of an established rental history and tenants already in place. Located on a quiet dead-end street while still just minutes from the heart of Mount Vernon, shopping, dining, services, and major commuter routes are all within easy reach. Whether you are expanding an existing portfolio or looking to add a multifamily property with income already in place, this duplex combines location, functionality, and long-term investment potential.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Skagit
Neighborhood
Mount Vernon
Listed
Aug 13, 2026
Structure Type
Duplex
Parcel Number
P90496
Tax & HOA
Annual Property Tax
$6,693 (2026)
Est. Monthly Tax
$558/mo
Financial Summary
Cap Rate
6.40%
Net Operating Income
$39,006
Gross Scheduled Income
$50,700
Gross Rent Multiplier
11.93
Total Expenses
$11,693
Building & Use
Building Sq Ft
2,322
Leasable Area
2,322 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
9,148 sqft
Year Built
1992
Exterior & Lot
Lot Size
0.21 sqft
Year Built
1992
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Cul-De-Sac
Exterior Features
Wood Products
Community & Access
Directions
From E Division St.; Right on La Venture Road; Left onto 22nd Court, duplex is in a cul-de-sac on the Left
Location
City
Mount Vernon
County
Skagit
Coordinates
48.41549, -122.31294
Additional Information
Tax Year
2026
Annual Taxes
$6,693
Possession
Array
Based on information submitted to the MLS GRID as of August 13, 2026 1:45 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.
