49 Willow Lane, Mount Vernon, WA 98273

Mount Vernon
Local realty services provided by:Tucker Realty ERA Powered
Listed by: corey crain
Office: keller williams realty bothell
MLS#:2577601
Source:NWMLS
49 Willow Lane,Mount Vernon, WA 98273
$377,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold

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Price summary

  • Price:$377,000

About this home

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.

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Home facts

  • Year built:1950
  • Subdivision & Development:Mount Vernon
  • Listing ID #:2577601
  • Updated:October 01, 2026 at 06:48 AM

Rooms and interior

  • Flooring:Carpet, Vinyl Floor

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1950
  • Construction Materials:Wood Exterior Finish

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$377,000
  • Tax amount:$6,314 (2026)

Parking

  • Total parking spaces:6
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