321 N 4th Street A-D Mount Vernon, WA 98273
Listing Courtesy of: MLS LogoNorthwest MLS as distributed by MLS GRID / Listed By: Wynden Holman, Windermere Real Estate Whatcom, Inc.

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

Active
$1,199,000 (USD)

Description

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!

MLS #:
2562279
Taxes
$6,635(2026)
Lot Size
9,581 SQFT
Type
Multifamily
Year Built
1917
Style
4-Plex
Views
River, Territorial
School District
Mount Vernon
County
Skagit County
Community
Mount Vernon

Listed By

Wynden Holman, Windermere Real Estate Whatcom, Inc.
Source
Northwest MLS
Last checked Aug 4 2026 at 3:31 AM GMT+0000
Bathroom Details
Subdivision
  • Mount Vernon
Lot Information
  • Paved
Property Features
  • Shop
  • Fireplace: 0
  • Foundation: Poured Concrete
Heating and Cooling
  • Ductless
Flooring
  • Vinyl
  • Vinyl Plank
Exterior Features
  • Wood
  • Roof: Shake
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric, Natural Gas
School Information
  • Elementary School: Buyer to Verify
  • Middle School: La Venture Mid
  • High School: Mount Vernon High
Additional Listing Info
  • Buyer Brokerage Compensation: 2.5%
Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.
Based on information submitted to the MLS GRID as of 8/4/2026 03:31. 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.