Listed by Muljat Group, Bought with Global Referral Group, LLC
NOT LISTED FOR SALE

405 N 4th St Mount Vernon, WA 98273

4 Beds
6 Baths
3,784 Sq Ft
6,970 Sq Ft Lot

Last Sold December 19, 2023

Last sale price $875,000 $231 Per Sq Ft

7 Days on Market

Highlights

  • River View
  • No HOA
  • Baseboard Heating
  • Corner Lot

About This Home

As of December 2023

Well maintained 7-unit apartment building walking distance to downtown Mount Vernon. The property sits prominently on the high part of the street with very nice curb appeal. The building holds three studios and four 1-bed/1-baths with a unique mix of layouts. Four units feature large private balconies which mostly overlook downtown and the Skagit river. Fully occupied by tenants who enjoy the Victorian stye architecture, off-street parking, alley access, and location on the main bus line. Building systems are a mix of old, updated, and new with most of the systems having been upgraded over time. A great income producing property for first time investors or an easy addition to any portfolio!

Last Agent to Sell the Property

Troy Muljat

Muljat Group License #2199 Listed on: 10/20/2023

Muljat Group

Last Buyer's Agent

David Moody

Global Referral Group, LLC License #29923

Global Referral Group, LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2173191

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,644

Year Built

  • Built in 1914

Lot Details

  • 6,970 Sq Ft Lot
  • Corner Lot

Property Views

  • River
  • City
  • Limited

Home Design

  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,784 Sq Ft Home
  • 3-Story Property

Parking

  • 7 Parking Spaces
  • Open Parking

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Mount Vernon Subdivision

Listing and Financial Details

  • Assessor Parcel Number P26599

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,644

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1914
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3784
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry,Storage

Exterior Features

  • Roof: Composition
  • View: City, Partial, River
  • Lot Features: Alley, Corner Lot, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mount Vernon

Lot Info

  • Parcel Number: P26599
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6970
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Commercial

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 9.14
  • LeasedItems: None
  • TotalMonthlyIncome: 108840

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7644

Multi Family

  • Number Of Units Total: 7
  • Electric Expense: 2450
  • EnergySource: Electric,Natural Gas
  • UnitsBelowGrade: false
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/19/2023 12/19/23 Sold $875,000 -12.1% $231 / Sq Ft
10/27/2023 10/27/23 Pending -- -- --
10/20/2023 10/20/23 For Sale $995,000 +50.8% $263 / Sq Ft
06/10/2019 06/10/19 Sold $660,000 +1.5% $174 / Sq Ft View Prior Sale
05/27/2019 05/27/19 Pending -- -- --
05/21/2019 05/21/19 For Sale $650,000 -- $172 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,125 $815,700 $414,700 $401,000
2024 $7,848 $767,700 $390,300 $377,400
2023 $7,848 $767,700 $390,300 $377,400
2022 $8,656 $738,100 $390,300 $347,800
2021 $8,102 $738,100 $390,300 $347,800
2020 $7,292 $642,700 $0 $0
2019 $5,107 $562,400 $0 $0
2018 $6,486 $446,000 $0 $0
2017 $5,777 $436,000 $0 $0
2016 $5,833 $391,700 $170,000 $221,700
2015 $4,879 $391,700 $170,000 $221,700
2013 $4,855 $315,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2173191

Northwest Multiple Listing Service (NWMLS)