Listed by Wynden Holman, Windermere RE Whatcom, Inc.
- 2,891
- Square feet
- $415
- Per sq ft
- Multi Family
- Type
- 1917
- Year built
- 9,581 sq ft
- Lot
- 45
- Days on market
About this property
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!
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2562279
- Listed
- August 3, 2026
- Days on market
- 45
- Price per sq ft
- $415
Unit & building
- Unit
- A-D
- Stories in building
- 2
- Units in building
- 4
Parking
- Total spaces
- 6
Views
- View
- RiverTerritorial
Construction
- Year built
- 1917
- Style
- 54 - 4-Plex
- Structure
- Quadruplex
- Roof
- Shake
Heating & cooling
- Heating
- Ductless
- Cooling
- Ductless
- Energy source
- ElectricNatural Gas
Flooring
- Flooring
- VinylVinyl Plank
Lot
- Lot features
- Paved
- Lot size
- 9,581 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Water
- City of Mt Vernon
- Sewer
- City of MV
- Power
- PSE
Schools
- District
- Mount Vernon
- Elementary
- Buyer To Verify
- Middle
- La Venture Mid
- High
- Mount Vernon High
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- River
- Territorial
- Quadruplex
- Shake
- Ductless
- Electric
- Natural Gas
- Vinyl
- Vinyl Plank
- Paved
- Cash
- Conventional
Listing history
Listed
$1,199,000
August 3, 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
$6,982
- Principal & interest
- $6,063
- Property tax (est.)
- $919
Assumes $239,800 down (20%), a $959,200 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.
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Based on information submitted to the MLS GRID as of September 18, 2026 at 12:45 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.