107 North 7th Street

Mount Vernon, WA 98273

$875,000
Price
6
Beds
7
Baths
3,000 Sq. Ft.
$292 / Sq. Ft.
3,000
Sq. Ft.
$292
per Sq. Ft.
an aerial view of a house
a front view of a house with parking
an aerial view of a city
a front view of a house with a yard
a front view of a house with a yard
a car parked in front of a house
a front view of a house with parking space
a view of a city
an aerial view of a house with a ocean view
an aerial view of residential houses with outdoor space
a kitchen with a white stove and refrigerator
a kitchen with refrigerator and window
a bathroom with a tub shower sink and mirror
a living room with furniture and a table
a view of a kitchen with a sink a stove and dishwasher with wooden floor
a kitchen with a stove and white cabinets
a bathroom with a sink and a toilet
a white bed sitting in a kitchen next to a window
a view of an empty room with wooden floor
a view of a kitchen with wooden floor and a window
a kitchen with white cabinets and white appliances
an empty room with a window
a view of a kitchen with fridge and wooden floor
a kitchen with a stove a sink and a refrigerator
a living room with furniture and a window
a living room with furniture and a flat screen tv
a kitchen with stainless steel appliances a kitchen island a stove a refrigerator a dining table and chairs with wooden floor
a bathroom with a granite countertop toilet a sink a mirror and a shower
a bedroom with a bed and a closet
a utility room with dryer and washer
Listing provided courtesy of RE/MAX Whatcom County, Inc.

Description

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....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.
  1. Listed by Chris Edwards • RE/MAX Whatcom County, Inc.

Property Details for 107 North 7th Street

Community Name
Mount Vernon
School District
Mount Vernon
Number of Assigned Spaces
6
Total Covered Parking
0
Entry Date
09-30-2024
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected
LISTING UPDATED: 11/13/2024 10:48 AM

Property Details for 107 North 7th Street

StatusActive
MLS #2282866
Days on Market82
Cumulative Days on Market82
Taxes$6,388 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1900
Lot Size0.20 AC / 8,712 SF
CountySkagit County

Building Information for 107 North 7th Street

Stories3Residences7Year Built1900Building Size-Lot Size0.20 AC / 8,712 SF

Property Information for 107 North 7th Street

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Area: 835 - Mount Vernon
  • Effective Year Built Source: See Remarks
  • 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.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Insert
Exterior Features
  • Exterior: See Remarks, Wood Products
  • Roof: Composition, See Remarks
Property
Utilities
  • Water/Sewer/Garbage: 4800
  • Power Company: PSE
  • Sewer Company: Mount Vernon
  • Water Company: Skagit PUD
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Approximate measurement
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1985
  • Photos Count: 31
Lot Information
  • Lot Size Source: Public Records
  • Parcel Number Free Text: P54578
  • Calculated Square Footage: 3000
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3000.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 6
  • Number of Stories in Building: 3
  • Vacancy Rate: 5
  • Number Of Units Total: 7
  • Units Below Grade: true
  • Units In Building Total: 7
Financing / Income and Expenses
  • Electric Expense: $6,400
  • Total Expenses: 25788
  • Gross Adjusted Income: 0
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: $81,680
  • Insurance Expense: $4,200
  • Net Operating Income: $55,392
  • Other Expenses: $4,000
  • Total Monthly Income: 6810
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 840
  • Rent Unit 1: $1,400.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 360
  • Rent Unit 2: $815.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 540
  • Rent Unit 3: $1,100.00
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 420
  • Rent Unit 4: $1,100.00
  • Bedrooms Unit 4: 1
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 5
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 240
  • Rent Unit 5: $775.00
  • Bedrooms Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 6
  • Washer/Dryer Unit 6: false
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: false
  • Square Feet Unit 6: 240
  • Rent Unit 6: $775.00
  • Bedrooms Unit 6: 0
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 7
  • Washer/Dryer Unit 7: false
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: false
  • Square Feet Unit 7: 350
  • Rent Unit 7: $800.00
  • Bedrooms Unit 7: 1
  • Bathrooms Unit 7: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2656.0
  • Leasable Area Units: Square Feet

Property History for 107 North 7th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 107 North 7th Street

Taxable ValueLand$459,200Additions$165,600Total$624,800
Tax Record2022$7,328 ($611 / month)
Home Facts
Total Finished SqFt3,068 SqFtAbove Ground SqFt1,740 SqFtFinished Basement SqFt1,328 SqFtLot Size5,998 SqFtStyleMulti-Family Res (5+ Units)Year Built1900Year Renovated1985CountySKAGITAPN3763-018-014-0007

Schools near 107 North 7th Street

This home is within Mount Vernon School District.
Rating
School
Type
Grades
Distance
Lincoln Elementary School
Public - K to 5
La Venture Middle School
Public - 6 to 8
Mount Vernon High School
Public - 9 to 12
Mount Vernon Special Ed
Public - PK to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 5

La Venture Middle School
Public6 to 8

Mount Vernon High School
Public9 to 12

Mount Vernon Special Ed
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near West Hill

Neighborhoods

Cities

ZIPs

More information about 107 North 7th Street, Mount Vernon, WA 98273

107 North 7th Street is a multi-family home for sale in Mount Vernon, WA 98273. This property was listed for sale on September 30, 2024 by RE/MAX Whatcom County, Inc., it's currently listed at $875,000. It has been on the market for a total of 82 days and was last sold on April 1, 2022. This listing's school district is Mount Vernon School District. Nearby schools include Lincoln Elementary School, La Venture Middle School and Mount Vernon High School. 107 North 7th Street is a 6-bed, 7-bath, 3,000 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Whatcom County, Inc.

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.