Duplex With Attached
For Sale
$560,000
1720 S 6th Street, Mount Vernon, WA 98273
Two residential units offer distinct layouts, private outdoor areas, and laundry connections.
Property Size2,236 SF
Days on Market9
Property Features for 1720 S 6th Street
General Information
Standard status
Active
Size
2,236 SF
Total Parking Spaces
6
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,266
Building Details
Building Size
2,236 SF
Year Built
1999
Units
2
Listing Agency:
Redfin
(425) 529-5426
Listed By:
Darin Jurasevich · License #22012182
(425) 529-5426
Source:
Multifamilyspecialist
Added: Aug 14
Changed: Aug 21
Last Checked: Aug 21 at 1:38PM
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 Redfin
Investment Insights
Based on property information with market context.
Built in 1999, this duplex contains two separate residences, each arranged with two bedrooms and a private attached one-car garage. One home provides one bathroom and is occupied by a long-term tenant, while the second offers two bathrooms and is available for occupancy. Both residences include washer and dryer hookups, front porches, and backyard areas. Partial fencing adds defined outdoor space to the property.
The configuration supports continued residential income use while providing flexibility between an occupied unit and a vacant unit. Well-maintained interiors and established exterior improvements complete the offering.
The configuration supports continued residential income use while providing flexibility between an occupied unit and a vacant unit. Well-maintained interiors and established exterior improvements complete the offering.
Key Highlights
- Two‑unit duplex constructed in 1999
- Each residence includes 2 bedrooms and a private attached 1‑car garage
- One 2‑bedroom, 1‑bath unit occupied by a long‑term tenant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,041
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$340,820
$340.8K
Cap Rate 7%
$243,443
$243.4K
Cap Rate 9%
$189,344
$189.3K
Market Conditions
NOI Build-Up for 2,236 SF
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.
Gross rent
$24.7K $11.04/SF
− Vacancy
−$341 −$0.15/SF
EGI
$24.3K $10.89/SF
− OpEx
−$7.3K −$3.27/SF
NOI
$17.0K $7.62/SF
Area
Skagit County, WA
Vacancy
1.38%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$340,820
Cap Rate 7%
$243,443
Cap Rate 9%
$189,344
Alternative Uses
Best Use
Multifamily LT 5
$243.4K
$213.0K – $284.0K
NOI $17,041 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$211.9K
$185.4K – $247.2K
NOI $14,834 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$909.4K
$795.7K – $1.06M
NOI $63,658 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct layouts, private outdoor areas, and laundry connections.
Where is this duplex located?
The property is located at 1720 S 6th Street Mount Vernon, WA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Two‑unit duplex constructed in 1999; Each residence includes 2 bedrooms and a private attached 1‑car garage; One 2‑bedroom, 1‑bath unit occupied by a long‑term tenant
