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12-Unit Renovated Quadplex Portfolio
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517 S 20th St, Mount Vernon, WA 98274

Three renovated fourplexes provide contemporary rental housing across separate parcels.

Property SizeContact for details
Days on Market142

Property Features for 517 S 20th St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 12

Building Details

Buildings 3
Listing Agency: The Foundation Group
Listed By: Ethan Szmania · License #WA 125178
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 30 at 12:18AM

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 The Foundation Group

Investment Insights

Based on property information with market context.

This multifamily property includes 12 renovated units arranged among three fourplex buildings. Each fourplex occupies its own parcel, creating a three-parcel configuration within the overall property. Interior and exterior improvements have been completed across the buildings, with updated residential spaces and enhanced site presentation.

The property is located at 517 S 20th St in Mount Vernon, Washington, on nearly an acre in Skagit County. The parcels border a greenbelt owned by the City of Mount Vernon, providing a wooded natural setting and substantial surrounding open space. The asset combines a defined fourplex layout with renovated improvements and a connected greenbelt setting.

Key Highlights

  • 12 renovated units across three fourplex buildings
  • Three separate parcels, with one fourplex on each parcel
  • Nearly an acre of land in Mount Vernon, Washington

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Nail Salon Hair Salon Electrical Service Grocery & Convenience Store Barber Shop

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

12
Residential units

Location Intelligence

Trade Area within ½ mile

1,167
Businesses Nearby

Demographics for 98274, WA

18,949
Population
7,868
Households
2.4
Avg Household Size
43
Median Age
33%
College-Educated
93%
High-School Grad
143.1 sq mi
ZIP Area
132
Density / Sq Mi
$93,762
Median Household Income
$46,724
Median Earnings
$1,716
Median Rent
$492,400
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?
Quadplex - Three renovated fourplexes provide contemporary rental housing across separate parcels.
Where is this quadplex located?
The property is located at 517 S 20th St Mount Vernon, WA.
What are key features of this property?
This property features: 12 renovated units across three fourplex buildings; Three separate parcels, with one fourplex on each parcel; Nearly an acre of land in Mount Vernon, Washington
(206) 920-5332 Call to check price and availability
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