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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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Wynden Holman,
Windermere RE Whatcom, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2562279
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 4
Heating
Ductless, Electric, Natural Gas
Cooling
Ductless
Features
Flooring: Vinyl, Vinyl Plank
Has fireplace: No
Interior area
Total structure area: 2,891
Total interior livable area: 2,891 sqft
Property
Parking
Total spaces: 6
Parking features: Garage
Garage spaces: 1
Uncovered spaces: 6
Features
Has view: Yes
View description: River, Territorial
Has water view: Yes
Water view: River
Lot
Size: 9,578 Square Feet
Features: Paved, Shop
Details
Parcel number: P52226
Zoning description: Multi-Family,Jurisdiction: City
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: 4-Plex
Property subtype: Quadruplex, Multi Family
Materials
Wood Siding
Foundation: Poured Concrete
Condition
Good
Year built: 1917
Major remodel year: 2022
Utilities & green energy
Electric: Company: PSE
Sewer: Sewer Connected, Company: City of MV
Water: Public, Company: City of Mt Vernon
Community & HOA
Community
Subdivision: Mount Vernon
Location
Region: Mount Vernon
Financial & listing details
Price per square foot: $415/sqft
Annual tax amount: $6,635
Date on market: 8/2/2026
Cumulative days on market: 11 days
Listing terms: Conventional
Estimated market value
Zestimate®
$1,146,200
Estimated sales range
$1.09M - $1.20M
Rent Zestimate®
$2,007/mo
Price history
Date
Event
Price
8/3/2026
Listed for sale
$1,199,000+135.1%$415/sqft
Source: NWMLS as distributed by MLS GRID #2562279Report a problem
6/15/2021
Sold
$510,000+27.7%$176/sqft
Source: NWMLS as distributed by MLS GRID #1775395Report a problem
5/28/2021
Pending sale
$399,500$138/sqft
Source: NWMLS as distributed by MLS GRID #1775395Report a problem
5/21/2021
Listed for sale
$399,500$138/sqft
Source: NWMLS as distributed by MLS GRID #1775395Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
See how much you could borrow to make a competitive offer.
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.