Active

Listed by: Keller Williams Realty Bothell • Corey Crain

$375,000

49 Willow Lane, Mount Vernon, WA 98273

4beds

3baths

1,600sqft

$2,373/mo

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Triplex, Multi Family

Built in 1950

-- sqft lot

$547,300 Zestimate^®

$234/sqft

$-- HOA

What's special

Off-street parkingFenced rear yardSingle-level with private entries

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.

18 hours
236
19

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3

Heating

Baseboard, Electric, Natural Gas

Cooling

None

Features

Flooring: Vinyl, Carpet
Has fireplace: No

Interior area

Total structure area: 1,600
Total interior livable area: 1,600 sqft

Property

Parking

Total spaces: 6
Uncovered spaces: 6

Lot

Size: 7,405 Square Feet

Details

Parcel number: p26158
Zoning description: Multi-Family,Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Tri-plex
Property subtype: Triplex, Multi Family

Materials

Wood Siding
Foundation: Poured Concrete
Roof: Composition

Condition

Good
Year built: 1950
Major remodel year: 1992

Utilities & green energy

Sewer: Sewer Connected
Water: Public

Community & HOA

Community

Subdivision: Mount Vernon

Location

Region: Mount Vernon

Financial & listing details

Price per square foot: $234/sqft
Tax assessed value: $511,600
Annual tax amount: $6,314
Date on market: 9/3/2026
Cumulative days on market: 2 days
Listing terms: Conventional,Farm Home Loan

Estimated market value

$547,300

$509,000 - $586,000

$2,072/mo

Price history

Date	Event	Price
9/4/2026	Listed for sale	$375,000+37.6%$234/sqft
Source: NWMLS as distributed by MLS GRID #2577601 Report a problem
6/16/2017	Sold	$272,500-4.4%$170/sqft
Source: NWMLS as distributed by MLS GRID #1005746 Report a problem
6/2/2016	Listing removed	$285,000$178/sqft
Source: Windermere Real Estate/Skagit Valley #784134 Report a problem
10/24/2015	Price change	$285,000-1.7%$178/sqft
Source: Windermere Real Estate/Skagit Valley #784134 Report a problem
10/1/2014	Listed for sale	$290,000+13.7%$181/sqft
Source: John L. Scott Skagit #701508 Report a problem
12/1/2006	Sold	$255,000+10.9%$159/sqft
Source: NWMLS as distributed by MLS GRID #26133270 Report a problem
1/14/2005	Sold	$230,000$144/sqft
Source: NWMLS as distributed by MLS GRID #24133459 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,314 +15.3%	$511,600 +10.9%
2024	$5,475 +9.4%	$461,400 +6.5%
2023	$5,004 +13.4%	$433,200 +15.4%
2022	$4,412	$375,500 +15.1%
2021	--	$326,100 +10.4%
2020	$3,876 +15.7%	$295,400 +11.3%
2019	$3,351 -11.3%	$265,300 +3.8%
2018	$3,777 +26.7%	$255,600 +12.9%
2017	$2,980 -0.9%	$226,400 +26.1%
2016	$3,007 -8.9%	$179,600
2015	$3,301 +14.5%	$179,600 +8.9%
2013	$2,884	$164,900
2012	$2,884 -4.1%	$164,900 -12.5%
2011	$3,006	$188,400 -5.9%
2010	$3,006 -18.4%	$200,200 -26.4%
2009	$3,682 +4.3%	$272,000
2008	$3,528	$272,000
2007	$3,528 +72.5%	$272,000 +115%
2003	$2,045 +6.2%	$126,500
2002	$1,925 +3.5%	$126,500
2001	$1,861 +10.9%	$126,500 +29.3%
2000	$1,678	$97,800