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49 Willow Lane Mount Vernon, WA $ 375,000
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49 Willow Lane
$ 375,000
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49 Willow Lane

Mount Vernon, WA, 98273
$ 375,000
Bedrooms4 Baths3.0 Sq 1,600

Monthly Estimate*

$ 2,368

Listed by Keller Williams Realty Bothell
49 Willow Lane, Mount Vernon, WA 98273 - Image 1
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49 Willow Lane, Mount Vernon, WA 98273 - Image 8
49 Willow Lane, Mount Vernon, WA 98273 - Image 9
49 Willow Lane, Mount Vernon, WA 98273 - Image 10
49 Willow Lane, Mount Vernon, WA 98273 - Image 11
49 Willow Lane, Mount Vernon, WA 98273 - Image 12
49 Willow Lane, Mount Vernon, WA 98273 - Image 13
49 Willow Lane, Mount Vernon, WA 98273 - Image 14
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Multi-Family Home for sale in Mount Vernon, WA

for $375,000 with 4 bedrooms and 3 full baths. This 1,600 square foot home was built in 1950 on a lot size of 0.17.

Three units at $125,000 per door. Two 1BR/1BA and one 2BR/1BA, all single-level with private entries on a 7,405 SF lot, minutes from I-5 and downtown Mount Vernon. 100% occupied. The opportunity is the rent gap. In-place rents total $2,575/month. Comparable Mount Vernon one-bedrooms are currently leasing between $1,380 and $1,600. At conservative market rents this property produces $44,400 annually, roughly $13,500 above today, with no change to the building. Self-managed by the same ownership since 2017. Owner pays water, sewer, garbage and common electric; tenants pay in-unit power. Off-street parking, fenced rear yard, single-story construction with no shared stairwells or common corridors. Seller-operated NOI $14,464. Pro forma NOI $26,464.

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Multi-Family Active

Price

$ 375,000

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 6,314

Style

Tri-plex

Lot Size

0.17

Year Built

1950

Town/City

Mount Vernon

County/Region

Skagit

MLS | Web ID

2577601
Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 1950
Property Subtype Multi Family
Tax Year 2026
County Skagit
Net Operating Income 13717
Insurance Expense 4127
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Mount Vernon
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions Use Navigation
City Mount Vernon
Senior Community Y/N N
High School District Mount Vernon
Zoning Description Multi-Family
Number Of Units Total 3
MLS Area 825 - Burlington
Lot Size Units Square Feet
Lot Size Square Feet 7405
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional Farm Home Loan
Tax Annual Amount 6314
Electric Expense 175
Fuel Expense 0
Property Condition Good
Public Remarks Three units at $125 000 per door. Two 1BR/1BA and one 2BR/1BA all single-level with private entries on a 7 405 SF lot minutes from I-5 and downtown Mount Vernon. 100% occupied. The opportunity is th
Leasable Area 1600
Structure Type Triplex
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry
Units Below Grade false
Units In Building Total 3
Water Sewer Garbage 5022
Property Style 53 - Tri-plex
Cap Rate 3.8
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Exterior
Exterior Amenities Wood
Water Source Public
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 1600
Lot Size Acres 0.17
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Total 6
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
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 NWM2577601
Street Number 1 49
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* Excluded Features
List By
Corey Crain

Listing Agent

Keller Williams Realty Bothell

Broker

Affordability Calculator

$2,894
Per Month
82%
18%
0%
Monthly Principal & Interest
$2,368
Monthly Property Taxes
$526
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
257456 Elementary School
258767 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
9/4/2026$375,000 Listed Price

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49 Willow Lane, Mount Vernon, WA, 98273 is a Multi-Family Home for sale at $375,000 with 1,600 sqft and a lot size of 0.17. 49 Willow Lane has 4 bedrooms, 3.0 baths, and was built in 1950. The property's zip code is 98273 which is in Mount Vernon, WA

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