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7-Unit Apartment Compound
For Sale
$1,628,500

1307 Fir Lane Unit 7, Mount Vernon, WA 98273

Seven 2-bedroom, 1-bath units in a well-maintained 1955 building, each with a carport and updated roofing.

Property Size5,824 SF
Price / SF$279.62
Days on Market131

Property Features for 1307 Fir Lane Unit 7

General Information

Standard status Active
Size 5,824 SF
Property subtype Multi-family

Additional Details

Highway Access Yes
Multifamily Units 7

Building Details

Year Built 1952
Listing Agency: Windermere RE Skagit Valley
Listed By: Balisa E Koetje
Source: Skylineproperties
Added: Apr 27 Changed: Sep 3 Last Checked: Sep 4 at 9:56AM

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.

This 7-unit apartment compound offers seven 2-bedroom, 1-bath units within a small residential complex. The property was built in 1955 and described as well maintained, with many units featuring new flooring. All units include carports, and the compound has new TPO roofing.

The property sits within city limits of Mount Vernon, Washington and is located on a hill out of the flood plain. It is positioned close to medical, schools, retail, and restaurants, with easy I-5 access and proximity to Downtown Mount Vernon, Riverside Drive, and College Way.

As currently configured, the community provides a compact, repeatable unit mix across all seven residences, supported by covered parking and recent roof improvements.

Key Highlights

  • 7‑unit multifamily property at 1301–1321 Fir Lane in Mount Vernon, WA
  • All units are 2 bed / 1 bath in a 1955 building
  • Each unit includes a carport

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Storage Facility Pet Grooming Service Butcher Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,257
Businesses Nearby

Demographics for 98273, WA

31,243
Population
11,991
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
87%
High-School Grad
83.9 sq mi
ZIP Area
372
Density / Sq Mi
$74,247
Median Household Income
$42,168
Median Earnings
$1,171
Median Rent
$448,300
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Seven 2-bedroom, 1-bath units in a well-maintained 1955 building, each with a carport and updated roofing.
Where is this apartment building located?
The property is located at 1307 Fir Lane Unit 7 Mount Vernon, WA.
What is the asking price?
The asking price for this property is $1,628,500.
What are key features of this property?
This property features: 7‑unit multifamily property at 1301–1321 Fir Lane in Mount Vernon, WA; All units are 2 bed / 1 bath in a 1955 building; Each unit includes a carport
More about this property
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