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JRJeff ReynoldsCompass · Seattle

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

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Directions

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

  1. 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.

Similar nearby listings

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.