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Six-Unit Apartment Building
For Sale
$899,000

520 N 1st Street, Mount Vernon, WA 98273

Fully occupied multifamily property with a varied unit mix and dedicated rear parking in Mount Vernon’s central core.

Property SizeContact for details
Days on Market170

Property Features for 520 N 1st Street

General Information

Standard status Active
Total Parking Spaces 12
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 4 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $9,495

Amenities

Ceramic Tile,Hardwood,Laminate,Vinyl
Yes
No
2
Electric,Natural Gas
Public
Fenced-Partially
12
0.21
Wood
Poured Concrete

Building Details

Year Built 1921
Buildings 1
Stories 2
Listing Agency: NextHome Preview Properties
Listed By: Gordon Thomson
Source: Premierepropertygroup
Added: Mar 3 Changed: Aug 19 Last Checked: Aug 20 at 4:16AM

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 NextHome Preview Properties

Investment Insights

Based on property information with market context.

This six-unit apartment building in Mount Vernon includes four one-bedroom, one-bath residences and two two-bedroom, one-bath residences. The property is 100% occupied and offers a mix of ceramic tile, hardwood, laminate, and vinyl flooring. Built in 1921, the building also includes dedicated parking behind the property along with additional off-street parking.

The property is located at 520 N 1st Street in the central core of Mount Vernon, Washington. Its unit configuration provides a combination of smaller and larger apartment layouts within a single multifamily asset. The partially fenced exterior and poured-concrete construction are additional physical characteristics of the property.

Key Highlights

  • Six‑unit apartment building with four 1‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units
  • 100% occupied
  • Dedicated parking at the rear of the building plus off‑street parking

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store HVAC Service Pet Grooming Service Butcher Electrical Service

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

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,094
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied multifamily property with a varied unit mix and dedicated rear parking in Mount Vernon’s central core.
Where is this apartment building located?
The property is located at 520 N 1st Street Mount Vernon, WA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Six‑unit apartment building with four 1‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units; 100% occupied; Dedicated parking at the rear of the building plus off‑street parking
More about this property
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