49 Willow Lane · Mount Vernon, WA 98273
Source: NWMLS · Keller Williams Realty Bothell · Corey Crain #NWM2577601
About this home
Three units at $125,000 per door. Two 1BR/1BA and one 2BR/1BA, all single-level with private entries on a 7,405 SF lot, minutes from I-5 and downtown Mount Vernon. 100% occupied. The opportunity is the rent gap. In-place rents total $2,575/month. Comparable Mount Vernon one-bedrooms are currently leasing between $1,380 and $1,600. At conservative market rents this property produces $44,400 annually, roughly $13,500 above today, with no change to the building. Self-managed by the same ownership since 2017. Owner pays water, sewer, garbage and common electric; tenants pay in-unit power. Off-street parking, fenced rear yard, single-story construction with no shared stairwells or common corridors. Seller-operated NOI $14,464. Pro forma NOI $26,464.
Location
Basics
- Property type
- Multi Family
- Style
- Tri-plex
- Stories
- 1 story
- Condition
- Good
- Year built
- 1950 (renovated 1992)
- Building area
- 1,600 sq ft
- Lot size
- 7,405 sq ft (0.17 acres)
- County
- Skagit
- MLS #
- NWM2577601
Interior
- Heating
- Baseboard
- Cooling
- None
- Flooring
- Vinyl, Carpet
Exterior & lot
- Exterior features
- Wood
- Roof
- Composition
- Foundation
- Poured Concrete
- Waterfront
- No
Parking
- Parking spaces
- 6
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric, Natural Gas
Community & fees
- Subdivision
- Mount Vernon
- Property tax
- $6,314 (2026)
Transaction
- Listed on
- Sep 4, 2026
- Days on market
- 1
- Listing terms
- Cash, Conventional, Farm Home Loan
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2017-06-16
- Sold$272,500
- 2006-12-01
- Sold$255,000
- 2005-01-14
- Sold$230,000
- 2003-11-18
- Sold$177,000
Schools
School district: Mount Vernon
- High
- Mount Vernon High SchoolSchoolDigger 2 stars · Top 68% in WA
Listing provided courtesy of: Keller Williams Realty Bothell
Listing agent: Corey Crain.
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 2026-09-05.