Remodeled 4-Plex Residential
130 Stanford Drive Mount Vernon, WA 98273
130 Stanford Drive, Mount Vernon, WA, 98273
$852,000
For Sale
$852,000
Four 2-bedroom, 1-bath units offer central laundry, off-street parking, and a recently installed roof.
Property Size3,576 SF
Price / SF$238.26
Days on Market316
Property Features for 130 Stanford Drive
General Information
- Standard status
- Active
- Size
- 3,576 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1977
Listing agency
Windermere RE Skagit Valley
(916) 500-9565
Listed by
Autumn Feest
(916) 500-9565
Source
Premierepropertygroup
Added: Sep 9, 2025 Updated: Jul 20 at 7:51PM Checked: Jul 21 at 3:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Windermere RE Skagit Valley
Investment Insights
Based on property information with market context.
Well-kept 4-plex located on a hill in Mount Vernon. The property features four 2-bedroom, 1-bath units, with many units updated to include new kitchens, baths, and flooring. The building also includes central laundry and off-street parking.
The home is close to medical, schools, retail, and restaurants, supporting convenient daily access for occupants.
Recent improvements include a new roof.
The home is close to medical, schools, retail, and restaurants, supporting convenient daily access for occupants.
Recent improvements include a new roof.
Key Highlights
- 4‑plex with four 2‑bedroom, 1‑bath units
- Many units remodeled with new kitchens, baths, and flooring
- Central laundry and off‑street parking; 4 uncovered parking spaces
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.5k | $11.04 |
| − Vacancy | −$545 | −$0.15 |
| EGI | $38.9k | $10.89 |
| − OpEx | −$11.7k | −$3.27 |
| NOI | $27.3k | $7.62 |
3,576 SF · lease $11.04/SF/yr · vacancy 1.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$389.3K
$340.7K – $454.2K
NOI $27,254 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$338.9K
$296.6K – $395.4K
NOI $23,725 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,808 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four 2-bedroom, 1-bath units offer central laundry, off-street parking, and a recently installed roof.
Where is this quadplex located?
The property is located at 130 Stanford Drive Mount Vernon, WA.
What is the asking price?
The asking price for this property is $852,000.
What are key features of this property?
This property features: 4‑plex with four 2‑bedroom, 1‑bath units; Many units remodeled with new kitchens, baths, and flooring; Central laundry and off‑street parking; 4 uncovered parking spaces
