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15-Unit Apartment Building
New
For Sale
$649,000

403 S 20th St, Mount Vernon, WA 98274

Permit-ready three-story design includes in-unit laundry closets and flex rooms.

Property SizeContact for details
Days on Market4

Property Features for 403 S 20th St

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Highway Access Yes
Multifamily Units 15

Building Details

Buildings 1
Stories 3
Listed By: Graham McCarthy Realty Group
Source: Grahammccarthyrealty
Added: Sep 24 Last Checked: Sep 26 at 7:25AM

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 Graham McCarthy Realty Group

Investment Insights

Based on property information with market context.

Planned as a three-story, 15-unit apartment building, the property is permit-ready. Each residence is designed with a kitchen, living room, flex room, full bathroom, and laundry closet.

The site is in south Mount Vernon, with access to I-5. Nearby destinations include Kiwanis Park, schools, shopping, restaurants, Skagit Valley Hospital, and downtown Mount Vernon. The Skagit Riverwalk and historic downtown are a short drive away.

Key Highlights

  • Permit‑ready plans for a three‑story, 15‑unit apartment building
  • Each unit includes a kitchen, living room, flex room, full bathroom, and laundry closet
  • South Mount Vernon location with access to I‑5 and nearby parks, schools, shopping, and restaurants

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Nail Salon Grocery & Convenience Store HVAC Service Kitchen & Bath Showroom

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

15
Residential units
Yes
Highway access

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Permit-ready three-story design includes in-unit laundry closets and flex rooms.
Where is this apartment building located?
The property is located at 403 S 20th St Mount Vernon, WA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Permit‑ready plans for a three‑story, 15‑unit apartment building; Each unit includes a kitchen, living room, flex room, full bathroom, and laundry closet; South Mount Vernon location with access to I‑5 and nearby parks, schools, shopping, and restaurants
More about this property
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