321 N 4th Street # A-D Mount Vernon, WA $ 1,199,000
321 N 4th Street # A-D
$ 1,199,000
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321 N 4th Street # A-D

Mount Vernon, WA, 98273
$ 1,199,000
Bedrooms7 Baths4.0 Sq 2,891

Monthly Estimate*

$ 7,571

Listed by Windermere RE Whatcom, Inc.
321 N 4th Street # A-D, Mount Vernon, WA 98273 - Image 1
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321 N 4th Street # A-D, Mount Vernon, WA 98273 - Image 5
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321 N 4th Street # A-D, Mount Vernon, WA 98273 - Image 7
321 N 4th Street # A-D, Mount Vernon, WA 98273 - Image 8
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Multi-Family Home for sale in Mount Vernon, WA

for $1,199,000 with 7 bedrooms and 4 full baths. This 2,891 square foot home was built in 1917 on a lot size of 0.2199.

Investor Alert – Exceptional Cash-Flow Opportunity with Future Value-Add Potential! Now generating $6,395 per month in gross rental income, this turnkey 4-plex offers immediate cash flow with future flexibility. The property consists of a newly renovated triplex plus a detached 2-bedroom, 1-bath home on one lot, with the potential to adjust the lot line and create two separate properties—a standalone home and a triplex (buyer to verify feasibility). Extensively updated, the units feature new appliances, mini-split heating and cooling systems, flooring, windows, kitchens, and bathrooms. Each unit is separately metered for simplified utility management. The triplex includes a one-car garage and additional basement storage. Whether you're looking to maximize your investment or occupy one residence, this property offers outstanding flexibility. Choose to adjust the lot line and sell one property while keeping the other, live in the detached home and rent the triplex, or maintain all four units as income-producing rentals. The detached home features a spacious yard, off-street parking, and scenic river views, making it an attractive rental or owner-occupied residence. Conveniently located near shopping, downtown amenities, and freeway access, this property combines strong in-place income, recent renovations, and future upside. Don't miss this exceptional investment opportunity!

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Multi-Family Active

Price

$ 1,199,000

Bedrooms

7

Full Bath

4

Property Type

Multi-Family

Taxes

$ 6,635

Style

4-Plex

Lot Size

0.2199

Year Built

1917

Town/City

Mount Vernon

County/Region

Skagit

MLS | Web ID

2562279

Features
General
Living Area 0
Sewer Sewer Connected
Heating Ductless
Cooling Ductless
Possession Closing
Roof Shake
HOA Fee 0
Garage Spaces 1
Year Built 1917
View River Territorial
Unit Number A-D
Property Subtype Multi Family
Tax Year 2026
County Skagit
Net Operating Income 66000
Insurance Expense 850
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Mount Vernon
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions Take the WA-538 E/College Way exit EXIT 227. Turn left onto W College Way/WA-538 Turn right onto Riverside Dr. Riverside Dr becomes N 4th St. Home is on the RIGHT.
High School Mount Vernon High
City Mount Vernon
Senior Community Y/N N
High School District Mount Vernon
Zoning Description Multi-Family
Number Of Units Total 5
MLS Area 835 - Mount Vernon
Lot Size Units Square Feet
Lot Size Square Feet 9581
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Buyer To Verify
Tax Annual Amount 6635
Electric Expense 0
Fuel Expense 0
Middle/Junior High School La Venture Mid
Property Condition Good
Public Remarks Investor Alert Exceptional Cash-Flow Opportunity with Future Value-Add Potential! Now generating $6 395 per month in gross rental income this turnkey 4-plex offers immediate cash flow with future fl
Leasable Area 2891
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities See Remarks Storage
Water Company City of Mt Vernon
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 2250
Property Style 54 - 4-Plex
Cap Rate 5.5
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Exterior
Exterior Amenities Wood
Lot Features Paved
Water Source Public
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 2891
Lot Size Acres 0.2199
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Shop
Parking Uncovered Total 6
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Interior
Flooring Vinyl Vinyl Plank
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2562279
Street Number 1 321
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* Excluded Features
List By
Wynden Holman

Listing Agent

Windermere Re Whatcom, Inc.

Broker

Affordability Calculator

$8,124
Per Month
93%
7%
0%
Monthly Principal & Interest
$7,571
Monthly Property Taxes
$553
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3100151 Elementary School
256927 Middle School
Mount Vernon High High School
Pricing History
DatePricePrice ChangeDescription
8/3/2026$1,199,000 Listed Price

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321 N 4th Street # A-D, Mount Vernon, WA, 98273 is a Multi-Family Home for sale at $1,199,000 with 2,891 sqft and a lot size of 0.2199. 321 N 4th Street # A-D has 7 bedrooms, 4.0 baths, and was built in 1917. The property's zip code is 98273 which is in Mount Vernon, WA