James & Angie Smith

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Listing provided courtesy of NextHome Preview PropertiesNWMLSas Distributed by MLSGrid- MLS# NWM2486089MLS Provider

520 N 1st StreetMount Vernon, WA 98273

Multi-Family · 8 Beds · 0.21 Acres
$899,000 Active

520 N 1st Street Overview

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Six-unit apartment building located in the central core of Mount Vernon, Washington. This multi-family investment property experiences low tenant turnover due to its proximity and super affordable units. There are four 1-bedroom/1-bath units and two 2-bedroom/1-bathroom units with 100% occupancy. The property has dedicated parking in the rear of the building as well as off-street parking.

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520 N 1st Street Facts & Features

  • Type Multi-Family
  • Lot 0.21 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Mount Vernon
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Mount Vernon High

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 85500
  • Insurance Expense: 2600
  • Net Operating Income: 0
  • Total Expenses: 19324.59
  • Total Monthly Income: 7125
  • Water/Sewer/Garbage: 7229

Building Information

  • New Construction: No
  • Year Built: 1921

Location/Region

  • Country: US
  • County Or Parish: Skagit
  • MLS Area Major: 835 - Mount Vernon
  • Subdivision Name: Mount Vernon

Tax Information

  • Tax Annual Amount: $9,495.59
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: P26525
  • Possible Use: Multi-Family
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 3360
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric,Natural Gas
  • Security Features: Partially Fenced
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 12
  • Parking Uncovered Total: 12

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0.21
  • Lot Size Square Feet: 9147
  • Lot Size Units: Square Feet
  • Site Features: Fenced-Partially
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood
  • Number Of Units Total: 6
  • Sewer: Available

Unit Information

Unit 2 Details

  • Actual Rent: 1200
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 1200
  • Beds Total: 1
  • Baths Total: 1

Unit 6 Details

  • Actual Rent: 1225
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 1250
  • Beds Total: 1
  • Baths Total: 1

Unit 5 Details

  • Actual Rent: 1350
  • Beds Total: 1
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 900
  • Beds Total: 1
  • Baths Total: 1

520 N 1st Street Neighborhood

Community

98273 (Mount Vernon) Demographics

35
Median Age
357
Population Density (per sq. mile)
35%
College Educated
$64,699
Estimated Median Income
7,162
Estimated Total Home Owners
4,386
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

520 N 1st Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

520 N 1st Street Market Data

Based on the last 30 days in this zip code

$598,360
Average List Price
$333
Average Price per Square Foot
34
Properties Sold
72
Average Days on Market
122
Properties for Sale
Calculations provided by Reliance Network

520 N 1st Street History

Date Event Value Agent
6/17/2026Source: NWMLS Price Reduction
$899,000 -2.8%
5/18/2026Source: NWMLS Price Reduction
$925,000 -2.6%
4/15/2026Source: NWMLS Price Reduction
$949,999 -5.0%
3/3/2026Source: NWMLS Added to Database
March 03, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021
6/20/2022Source: NWMLS Added to Database
June 01, 2021