Pending

701 S 1st Street, Mount Vernon, WA 98273

Mount Vernon, WA 98273 · Mount Vernon
— bd— ba13,100 sqft0.17 ac lotBuilt 1908Multi-family
$2,300,000 $176 / sqft · Cumulative Days Active: 36 Estimate your monthly payment ↓
Multi-family, Mount Vernon Listing by Pettruzzelli Inc 1 / 38
Price / sqft$176
Lot0.17 acres
Year built1908
TypeMulti-family
HOANone
Cumulative Days Active36

About this home

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.

NWMLS logoListing courtesy of the Northwest Multiple Listing Service (NWMLS).

Listed Jul 6, 2026MLS# 2550902

Facts & features

13,100 sqftLiving area
$176Price / sqft
1908Year built
0.17 acLot
Interior
Living area13,100 sqft
FlooringVinyl
Building
TypeMulti-family
Year built1908
RoofFlat, Torch Down
FoundationPoured Concrete, Slab
Lot & exterior
Lot size0.17 acres (7,227 sqft)
WaterfrontNo
ZoningBusiness,Commercial,Multi-Family,Office,Retail
Utilities
HeatingElectric, Natural Gas
SewerSewer Connected
WaterPublic
HOA & taxes
HOA duesNone
Property tax (2026)$12,015 / yr
Interior features
Exterior & lot
Cement/Concrete

Monthly payment

Full calculator →

Payment estimate calculated by irenakolbert.com from the assumptions below — not part of the NWMLS listing data. A lender will confirm actual figures.

Loan term
Down payment$20%
Interest rate%
Est. total / month$12,74130-year fixed · 6.5%
P&I $11,630Taxes $1,001Insurance $110
Plus ~$69,000 closing costs (est. 3%), paid once at closing. Get pre-approval guidance →
Estimate only, using the down payment, interest rate, and loan term set above. The APR, which includes loan costs, may be higher than the rate. Includes estimated property tax (~0.95%), insurance (~$110/mo), and any HOA dues. Not an offer of credit — a lender will confirm actual terms.

Price history

DateEventPrice Jul 6, 2026Listed for sale $2,300,000

Tax history

YearAssessed valueProperty tax
Source: Skagit County Assessor. Assessed value is not a market value.

Schools

School assignments come from the listing data provided by NWMLS. They're based on address and can change — verify with the district before relying on them.
⬤ Street view ↗
Downtown Bellingham36 min
WWU34 min
St. Joseph Hospital37 min
Peace Arch border63 min

Drive times are straight-line estimates calculated by irenakolbert.com — not part of the NWMLS listing data.

Median list price$630k243 active listings
Cumulative Days Active69median, active listings
List price per sqft$333this home: $176
Homes for sale243in Mount Vernon

Area figures compiled by irenakolbert.com from current active NWMLS listings — not part of this listing's data.

This home's list price per square foot is about 47% below the median of current Mount Vernon listings. Irena can pull recent closed sales on this street before you write an offer.

Listing details

StatusPending
MLS #2550902
ListedJul 6, 2026
List price$2,300,000
Cumulative Days Active36
Property typeMulti-family
Listing brokeragePettruzzelli Inc
SourceNWMLS as distributed by MLS GRID
Listing courtesy of Pettruzzelli Inc. Based on information submitted to the MLS GRID as of Oct 23, 2026, 12:47 PM (date and time MLS GRID Data was obtained). 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. Some IDX listings have been excluded from this website: listings located outside Whatcom and Skagit counties are not displayed.
$2,300,000Tour this home