Sold

Listed by: KW North Sound

Bought with: American Dream R.E. East LLC

$1,240,000

309 N 21st Street, Mount Vernon, WA 98273

--beds

--baths

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Multi Family

Built in 1975

-- sqft lot

$-- Zestimate^®

$--/sqft

$1,971 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,971/mo

Zestimate^® history

Owner options

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$1,971/mo

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$7,537/mo

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$7,537/mo

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What's special

Seize the chance to own this 6-plex in the heart of Mount Vernon. All units are currently leased, providing you with immediate rental income & stress-free investment. New roof in 2023. Each unit is 2 bedrooms, 1 bath, approx. 800 sq. ft. Tenants enjoy the convenience of an on-site laundry facility (possibility for additional income) With a solid 5.6% cap rate, this property is a strong addition to any investment portfolio. Whether you’re an experienced investor aiming to diversify or newcomer seeking reliable entry into the market, this 6-plex combines stability with growth potential. Located near Skagit Valley Hospital, Mount Vernon HS, parks, shopping, & more, this property is perfectly positioned to attract & retain quality tenants

Facts & features

Interior

Heating

Wall Unit(s), Electric

Cooling

None

Features

Flooring: Ceramic Tile, Carpet
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Total spaces: 12
Parking features: Open
Covered spaces: 6
Uncovered spaces: 6

Features

Patio & porch: Ceramic Tile, Wall to Wall Carpet

Lot

Size: 0.36 Acres
Features: Paved, Cable TV, Deck, Fenced-Partially, Patio

Details

Parcel number: P78809
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Siding
Foundation: Slab
Roof: Composition

Condition

Year built: 1975

Utilities & green energy

Sewer: Sewer Connected

Community & neighborhood

Location

Region: Mount Vernon
Subdivision: Mt Vernon Hill

Other

Other facts

Listing terms: Conventional
Cumulative days on market: 545 days

Price history

Date	Event	Price
10/2/2024	Sold	$1,240,000+3.3%
Source: NWMLS as distributed by MLS GRID #2274895 Report a problem
8/13/2024	Pending sale	$1,200,000
Source: NWMLS as distributed by MLS GRID #2274895 Report a problem
8/9/2024	Listed for sale	$1,200,000+128.6%
Source: NWMLS as distributed by MLS GRID #2274895 Report a problem
2/28/2005	Sold	$525,000
Source: NWMLS as distributed by MLS GRID #24119920 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$9,064 +3.5%	$856,500
2023	$8,755 -1.3%	$856,500
2022	$8,870	$856,500
2021	--	$856,500 +11%
2020	$8,254 +15.3%	$771,400 +21.2%
2019	$7,157 -15.9%	$636,600 +1.8%
2018	$8,506 +24.1%	$625,100 +9.3%
2017	$6,857 -1%	$571,800 +23%
2016	$6,923 -8.4%	$464,900
2015	$7,561 +0.5%	$464,900 -5%
2013	$7,523 +6.9%	$489,200
2011	$7,038	$489,200 -10%
2010	$7,038 +5.1%	$543,500 -8.1%
2009	$6,698 +4.9%	$591,300
2008	$6,384	$591,300
2007	$6,384 +62.6%	$591,300 +105.7%
2003	$3,925 -1.1%	$287,400
2002	$3,967 +2.3%	$287,400
2001	$3,876 +4.5%	$287,400 +12%
2000	$3,710	$256,600