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JRJeff ReynoldsCompass · Seattle

Listed by Dominic Pettruzzelli, Pettruzzelli Inc

13,100
Square feet
$176
Per sq ft
Multi Family
Type
1908
Year built
7,227 sq ft
Lot
7
Days on market

About this property

Fantastic investment opportunity in prime downtown Mount Vernon location. Fully rented, this 13,000 square foot property features a beloved, long-term retail tenant on the main floor with ample living space above. On the second floor you'll find a mix of 18 rental units which include full apartments and individual rooms along with communal kitchen, restrooms, and coin operated laundry. These units offer a great opportunity for low income housing and are in great demand. Located in the heart of downtown, this historic building is within easy walking distance of the Skagit Riverwalk, grocery stores, restaurants, the Lincoln Theatre, summer concerts, farmers markets, shops, and everything downtown Mount Vernon offers.

Location & commute

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Directions

Property details

Listing details

Listing number
#2550902
Listed
July 6, 2026
Days on market
7
Price per sq ft
$176

Unit & building

Stories in building
2

Construction

Year built
1908
Style
56 - 10+ Units
Structure
Multi Family
Roof
FlatTorch Down

Heating & cooling

Heating
Radiator
Cooling
None
Energy source
ElectricNatural Gas

Flooring

Flooring
Vinyl

Lot

Lot size
7,227 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
Skagit PUD
Sewer
City of Mount Vernon
Power
Puget Sound Energy

Schools

District
Mount Vernon

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Multi Family
  • Flat
  • Torch Down
  • Radiator
  • None
  • Electric
  • Natural Gas
  • Vinyl
  • Cash
  • Conventional

Listing history

  1. Listed

    $2,300,000

    July 6, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$13,393

Principal & interest
$11,630
Property tax (est.)
$1,763

Assumes $460,000 down (20%), a $1,840,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 14, 2026 at 12:15 AM PDT. 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.