321 N 4th Street Unit #A-D, Mount Vernon, WA 98273
- $1,199,000
- 2,891
- SqFt
Listing courtesy of Windermere RE Whatcom, Inc..
- List Price
- $1,199,000
- Status
- ACTIVE
- MLS#
- 2562279
- Days on Market
- 0
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 2,891
- Area Total SqFt
- 2891
- Annual Tax Ammount
- 6635
- Lot Size (sq ft)
- 9,581
- Sewer
- Sewer Connected
Property 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!
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Additional Information
- List Date
- 2026-08-03 20:43:15
- Community
- Mount Vernon
- Net Operating Income
- $66,000
- Gross Scheduled Income
- $74,400
- Total Monthly Income
- $6,200
- Insurance Expenses
- $850
- Water/Sewer/Garbage Expenses
- $2,250
- Gross Rent Multiplier
- 17.47
- Total Expenses
- $11,309
- Cap Rate
- 5.5
- Vacancy Rate
- 2
- Total Number of Units
- 5
- Unit Name
- 321
- Potential Terms
- Cash, Conventional
- Year Built
- 1917
- View
- River, Territorial
- Roof
- Shake
- Site Features
- Shop
- Other Expenses
- 1574
- Energy Source
- Electric, Natural Gas
- School District
- Mount Vernon
- Elementary School
- Buyer To Verify
- Middle School
- La Venture Mid
- High School
- Mount Vernon High
- Total Monthly Income
- $6,200
- Gross Scheduled Income
- $74,400
- Vacancy Rate
- 2
- Tax Year
- 2026
- Insurance Expense
- $850
- W/S/G Expenses
- $2,250
- Total Expenses
- $11,309
- Net Operating Income
- $66,000
- Gross Rent Multiplier
- 17.47
- Cap Rate
- 5.5
Based on information submitted to the MLS GRID as of . 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.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.