701 S 1st Street · Mount Vernon, WA 98273
Source: NWMLS · Pettruzzelli Inc · Dominic Pettruzzelli #NWM2550902
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.
Location
Basics
- Property type
- Multi Family
- Style
- 10+ Units
- Stories
- 2 stories
- Year built
- 1908
- Building area
- 13,100 sq ft
- Lot size
- 7,227 sq ft (0.17 acres)
- County
- Skagit
- MLS #
- NWM2550902
Interior
- Heating
- Radiator
- Cooling
- None
- Flooring
- Vinyl
Exterior & lot
- Exterior features
- Cement/Concrete
- Roof
- Flat, Torch Down
- Foundation
- Poured Concrete, Slab
- Waterfront
- No
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric, Natural Gas
Community & fees
- Subdivision
- Downtown
- Property tax
- $12,015 (2026)
Transaction
- Listed on
- Jul 6, 2026
- Days on market
- 36
- Listing terms
- Cash, Conventional
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2026-07-06
- Pending$2,300,000
- 2020-06-30
- Sold$1,600,000
- 2008-06-02
- Sold$860,000
Schools
School district: Mount Vernon
- High
- Mount Vernon High SchoolSchoolDigger 2 stars · Top 68% in WA
Listing provided courtesy of: Pettruzzelli Inc
Listing agent: Dominic Pettruzzelli.
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 2026-09-09.