Back to property search

Pending · Residential Income

701 S 1st Street , Mount Vernon, WA 98273

Mount Vernon, WA 98273

$2,300,000

— bedrooms · — bathrooms · 0 sq ft

Listing provided by Pettruzzelli Inc · MLS #2550902 · Pending

More properties in Mount Vernon · Explore local city guides

About this property

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.

Property details

Property type
Multi Family
Year built
1908
Lot size
7,227 sq ft
Association dues
$0 · frequency not provided
Annual property tax
$12,015 (2026)
Parking spaces
0
School district
Mount Vernon
Northwest MLSMLS GRID

Listings courtesy of Northwest MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 10/6/2026, 11:04:01 PM Pacific. 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 is provided exclusively for consumers’ personal, noncommercial use to identify prospective properties they may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. Some IDX listings have been excluded from this website: search includes current Active, Active Under Contract, Pending and Coming Soon listings.

© 2026 Northwest MLS. All rights reserved. Report a listing accuracy or photo concern.

Enrique Pelayo Jr., designated broker at The Broker Team in Edmonds, WA

A REAL CONVERSATION. A CLEAR NEXT STEP.

You don’t have to figure it out alone.

Buying, selling, or weighing your options? Tell me what you’re considering. We’ll talk through where to start.

Enrique Pelayo Jr. · English & Spanishenrique@thebroker.team