Date
Details
Price
Change
Source
7/06/2026
Listed
$2,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,300,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 701 S 1st St
General
- Price: $2,300,000
- Taxes: $12,015 (2026)
- Status: Active
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2550902
- Updated: 7/7/2026
- Added to Site: 5 day(s) ago
Interior
- Flooring: Vinyl
Additional Information
- Amenities: High Speed Internet
Location
- Area: 835 - Mount Vernon
- County: Skagit
- Subdivision: Downtown
- Driving Directions: Take Exit 226 from I-5, then west on Kincaid to 1st Street, then right on 1st to building on left.
School Information
- High School District: Mount Vernon
Heating & Cooling
- Cooling Type: None
- Heating Type: Radiator
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Multi Family
- Exterior Const.: Cement/Concrete
- Foundation: Poured Concrete, Slab
- Roof: Flat, Torch Down
- Stories in Building: 2
- Square Feet: 13,100
- Year Built: 1908
Lot Features
- Lot Size (Acres): 0.1659
- Lot Size (Sq. Ft.): 7,227
- Lot Size Source: Assessor
- Zoning: Business, Commercial, Multi-Family, Office, Retail
Financial Considerations
- Tax Amount: $12,015
- Tax Year: 2026
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: None
- Property ID: P52185
Listed by Dominic Pettruzzelli | Pettruzzelli Inc | (360) 610-7256
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Schools
Schools serving 701 S 1st St
School District:Mount Vernon School District
| Name | Grades | Distance |
|---|---|---|
Washington Elementary School, Mount Vernon, WA 1020 McLean Road, Mount Vernon, WA 98273 | K-5 | 0.5 mi |
La Venture Middle School 1200 North Laventure Road, Mount Vernon, WA 98273 | 6-8 | 1.5 mi |
Mount Vernon High School 1075 East Fulton Street, Mount Vernon, WA 98273 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 701 S 1st St
Estimate the Cost
Estimate the Cost for 701 S 1st St
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- Multi-Family
- Active
- Updated 4 days ago
Listed by Spencer Roozen | Windermere RE Skagit Valley and Megan S. O'Bryan | Windermere RE Skagit Valley
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 2,144Sq. Ft.
Listed by Lynnette Lyman | Windermere RE Skagit Valley
- Single Family
- Active
- Updated 10 hours ago
- 4Beds
- 2Total Baths
- 1,604Sq. Ft.
Listed by Cooper Rost | First and Main
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 1Total Bath
- 1,435Sq. Ft.
Listed by Anthony Zapata | Keller Williams Western Realty and Ben Kinney | Keller Williams Western Realty
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- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 1Total Bath
- 1,082Sq. Ft.
Listed by Craig Degerness | KW North Sound
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 2Total Baths
- 1,804Sq. Ft.
Listed by Wilma Louia | Elite Edge Real Estate, Inc
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,647Sq. Ft.
Listed by Joanie Johnson | Brown McMillen Real Estate
- Single Family
- Active
- Updated 5 days ago
- 2Beds
- 2Total Baths
- 1,352Sq. Ft.
Listed by Adrik Brashear | Muljat Group
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- Single Family
- Closed
- 5Beds
- 4Total Baths
- 4,506Sq. Ft.
Listed by Wendy Belanger | John L. Scott Skagit and Chris E. Belanger | John L. Scott Skagit
Sold by Chelsea Jewell | RE/MAX Gateway
Sold by Chelsea Jewell | RE/MAX Gateway
701 S 1st Street, Mount Vernon, WA 98273 (MLS# 2550902) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 701 S 1st Street is currently listed for $2,300,000 and was received on July 06, 2026. Want to learn more about 701 S 1st Street? Do you have questions about finding other Multi-Family real estate for sale in Mount Vernon? You can browse all Mount Vernon real estate or contact a Coldwell Banker agent to request more information.