Six-unit Mount Vernon rental property with good steady income and return on investment. Very low vacancy in this older building! Seven cap makes this a good long term investment.
Sold
Listed by: Windermere RE Skagit Valley
Bought with: Skyline Properties, Inc.
$585,000
1224 S 2nd Street, Mount Vernon, WA 98273
--beds
--baths
3,440sqft
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$170/sqft
$2,416 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,416/mo
Zestimate® history
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$3,492/mo
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Zillow last checked:
Listing updated:
Listed by:
James E. Glackin,
Windermere RE Skagit Valley
Bought with:
Artem Belayev, 21028077
Skyline Properties, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2181731
Facts & features
Interior
Heating
- Baseboard, Wall Unit(s), Electric
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total structure area: 3,440
- Total interior livable area: 3,440 sqft
Property
Parking
- Total spaces: 4
- Parking features: Open
- Uncovered spaces: 4
Lot
- Size: 5,998 sqft
- Features: Curbs, Paved, Sidewalk, Gas Available
Details
- Parcel number: P54301
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1920
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: city of Mount Vernon
- Water: Public, Company: Skagit County PUD # 1
Community & neighborhood
Location
- Region: Mount Vernon
- Subdivision: Mount Vernon
Other
Other facts
- Listing terms: Conventional
- Cumulative days on market: 820 days
Price history
| Date | Event | Price |
|---|---|---|
| 1/2/2024 | Sold | $585,000-5.5%$170/sqft |
Source:  NWMLS as distributed by MLS GRID #2181731 Report a problem | ||
| 12/1/2023 | Pending sale | $619,000$180/sqft |
Source: NWMLS as distributed by MLS GRID #2181731 Report a problem | ||
| 11/24/2023 | Listed for sale | $619,000$180/sqft |
Source: NWMLS as distributed by MLS GRID #2181731 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,645 +3.1% | $599,500 |
| 2023 | $6,447 -1.4% | $599,500 |
| 2022 | $6,542 | $599,500 |
| 2021 | -- | $599,500 +27.1% |
| 2020 | $5,648 +38.8% | $471,500 +14.3% |
| 2019 | $4,068 -19.9% | $412,600 +23.7% |
| 2018 | $5,079 +7.9% | $333,600 +3.1% |
| 2017 | $4,705 -1.2% | $323,600 +9.8% |
| 2016 | $4,764 -20.3% | $294,700 |
| 2015 | $5,976 -2.3% | $294,700 -17.4% |
| 2013 | $6,115 +23.1% | $356,900 -9% |
| 2009 | $4,968 +5% | $392,000 |
| 2008 | $4,732 | $392,000 |
| 2007 | $4,732 +91.4% | $392,000 +132.2% |
| 2003 | $2,472 -1.1% | $168,800 |
| 2002 | $2,499 +2.1% | $168,800 |
| 2001 | $2,447 +15.7% | $168,800 +25.4% |
| 2000 | $2,115 | $134,600 |
Find assessor info on the county website
Neighborhood: 98273
Nearby schools
GreatSchools rating
- 3/10Washington Elementary SchoolGrades: K-5Distance: 0.7 mi
- 5/10La Venture Middle SchoolGrades: 6-8Distance: 1.7 mi
- 5/10Mount Vernon High SchoolGrades: 9-12Distance: 0.8 mi
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- Washington
- Skagit County
- Mount Vernon
- 98273
- 1224 S 2nd Street
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