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Listing courtesy of NWMLS / RE/MAX Whatcom County, Inc.

107 N 7th

Mount Vernon, WA 98273

– beds
– baths
3,000 sqft
8,712 sqft lot
$291 per sqft
1985 build

Here is your chance to own a 7 unit building in a quiet residential neighborhood. Whether you’re an experienced investor aiming to diversify or newcomer seeking reliable entry into the market, this 7-plex combines stability with growth potential. Located east of the city, out of the flood plain, near plenty of employers/commerce including the local hospital, community college and tons of shopping and eateries. Some units have been remodeled/updated with vinyl windows, paint, lighting, and new flooring/carpet. Coin operated laundry in basement and plenty of off-street parking. Bus stop 1 block away. Solid 6.4% CAP rate and all units are currently leased providing immediate rental income and a strong addition to any investment portfolio.

Listing courtesy of NWMLS / RE/MAX Whatcom County, Inc.

Last checked: Checking… • Last updated Nov 13, 2024 •

MLS# 2282866 —

The Building

Year Built:

1900
Year Built:

1985
Year Built Source:

See Remarks
New Construction:

false
Structure Type:

Multi Family
Exterior Features:

See Remarks, Wood Products
Roof:

Composition, See Remarks
Units In Building Total:

7
Foundation Details:

Poured Concrete
# of Units Total:

7
Stories Total:

3
Building Area Total:

3000
Building Area Units:

Square Feet
Calculated SqFt:

3000
SqFt Source:

Approximate measurement

Interior

Fireplace:

false

Financial & Terms

Possession:

Closing

Location

Latitude:

48.421459
Longitude:

-122.332146
Directions:

Follow I-5 N Take exit 226, Kincaid St/WA-536 W, right onto Broad St, Turn left onto S 10th St, Turn left onto E Division St, Turn right onto N 7th St, Destination will be on the left.

The Property

Property Type:

Residential Income
Property Subtype:

Multi-Family
Parcel Number:

P54578
Lot Size Units:

Square Feet
Lot Size Acres:

0.2
Lot Size SqFt:

8712
Lot Size Source:

Public Records
Zoning Class:

Multi-Family
Zoning Jurisdiction:

City
View:

false
Waterfront:

false
Possible Use:

Multi-Family
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

6388

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Insert

Utilities

Water Company:

Skagit Pud
Sewer:

Sewer Connected
Sewer Company:

Mount Vernon
Power Company:

Pse
Water Sewer Garbage:

4800

Schools

High School District:

Mount Vernon

The Community

Subdivision Name:

Mount Vernon
Senior Community:

false
Association:

false

Parking

Parking Total:

6
Parking Uncovered Spaces:

6
Open Parking:

true
Open Parking Spaces:

6
Carport:

false

Listing courtesy of NWMLS / RE/MAX Whatcom County, Inc.

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Mon Nov 25 2024 06:30 AM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/30/24 Sep 30, 2024	Listed / Active	NWMLS	$875,000	193.6% (12.3% / YR)
1/6/09 Jan 6, 2009		NWMLS	$298,072

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This multifamily located in Hillcrest - Medical District, Mount Vernon, WA 98273 is currently for sale for $875,000. 107 N 7th is a 3,000 square foot multifamily with – beds and – baths. 107 N 7th is in the Hillcrest - Medical District neighborhood of Mount Vernon and has a WalkScore® of 76, making it very walkable. This multifamily is in the attendance area of Mount Vernon High School, Lincoln Elementary School, and La Venture Middle School.

Listing courtesy of NWMLS / RE/MAX Whatcom County, Inc.

Disclaimer: The information contained in this listing has not been verified by RE/MAX Whatcom County, Inc. and should be verified by the buyer.