Rockhood
$1,199,000List price
Active

321 N 4th Street #A-D · Mount Vernon, WA 98273

Source: NWMLS · Windermere RE Whatcom, Inc. · Wynden Holman #NWM2562279

About this home

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

Basics

Property type
Multi Family
Style
4-Plex
Stories
2 stories
Condition
Good
Year built
1917 (renovated 2022)
Building area
2,891 sq ft
Lot size
9,581 sq ft (0.22 acres)
County
Skagit
MLS #
NWM2562279

Interior

Heating
Ductless
Cooling
Ductless
Flooring
Vinyl, Vinyl Plank

Exterior & lot

Exterior features
Wood
Roof
Shake
Foundation
Poured Concrete
Lot features
Paved
View
River, Territorial
Waterfront
No

Parking

Parking spaces
6
Garage
1

Utilities

Water
Public
Sewer
Sewer Connected
Power
Electric, Natural Gas

Community & fees

Subdivision
Mount Vernon
Property tax
$6,635 (2026)

Transaction

Listed on
Aug 3, 2026
Days on market
48
Listing terms
Cash, Conventional
Possession
Closing

More homes nearby

Sale history

Earlier listings of this home on the MLS.

2021-06-15
Sold$510,000

Schools

School district: Mount Vernon

Elementary
Buyer To Verify
Middle
La Venture Mid
High
Mount Vernon High School
SchoolDigger 2 stars · Top 68% in WA

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Listing provided courtesy of: Windermere RE Whatcom, Inc.

Listing agent: Wynden Holman.

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 provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Data last updated 2026-08-14.