49 Willow Lane, Mount Vernon, WA 98273 (MLS # 2577601)
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Listing provided courtesy of Northwest MLS; Keller Williams Realty Bothell
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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.
| LAST UPDATED | 9/4/2026 | TRACT | Mount Vernon |
|---|---|---|---|
| YEAR BUILT | 1950 | COMMUNITY | Mount Vernon |
| COUNTY | Skagit | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 825 - Burlington |
| CONSTRUCTION | Wood Siding |
| HEAT | Baseboard, Electric, Natural Gas |
| LOT | 7405 sq ft |
| MLS STATUS | Active |
| STORIES | 1 |
| STYLE | 53 - Tri-plex |
| SUBDIVISION | Mount Vernon |
| TAXES | 6314 |
| UTILITIES | Sewer Connected |
| WATER | Public |
| ZONING | Multi-Family |
TOTAL MONTHLY PAYMENT
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 9/5/26 7:31 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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