LKV Realty
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Wynden HolmanWindermere RE Whatcom, Inc.
$1,199,000
321 N 4th Street A-D, Mount Vernon, WA 98273Listing ID 2562279

321 N 4th Street A-D, Mount Vernon, WA 98273

Active
Mount Vernon
Last updated: 1 day ago
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Multi Family
Square Feet
Square Feet
2,891
Acres
Acres
0.22
Cooling
Cooling
Ductless
Heating
Heating
Ductless
Year Built
Year Built
1917
Garages
Garages
1

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!

Property Information

Property Details

Location

Address
321 N 4th Street
County
Skagit
City
Mount Vernon
Zip Code
98273
Subdivision
Mount Vernon
School District
Mount Vernon
High School
Mount Vernon High
Elementary School
Buyer To Verify
MLS Area
835 - Mount Vernon

Interior Features

Heating and Cooling

Cooling
Ductless
Heating
Ductless

Building

Building Information

Square Feet
2,891
Year Built
1917
Construction
Wood
Foundation
Poured Concrete
Roof
Shake
Condition
Good

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$6,635
Tax Year
2026
Source: Northwest Multiple Listing Service
Northwest Multiple Listing Service logo

Based on information submitted to the MLS GRID as of 16 Aug 2026, 03:34 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

For corrections to this data please contact Brytecore MLS Support.

NWM13497

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.