Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Arthur Pl Mount Vernon, WA 98273

    Sponsored
    For Sale
    $595,000

    Multifamily Development Opportunity in WA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.67-acre lot, located in Mount Vernon, Washington (zip code 98273, APN P82413, 82414, 82415), presents a compelling multifamily development opportunity. Zoned R-3 for multifamily residential use, this property offers the potential to create three separate duplex lots, all sold together for a total asking price of $595,000. The site boasts numerous existing utilities, simplifying the development process and potentially reducing initial infrastructure costs. The address is on Arthur Pl, Skagit County, WA. Buyers are encouraged to conduct their own due diligence to verify all information provided, as it is deemed reliable but not guaranteed. This is a rare chance to acquire a sizable parcel in a desirable location, perfectly suited for an investor seeking to build and manage rental properties. The property's location in Mount Vernon offers access to local amenities and a growing population, making it an attractive investment for long-term growth. The R-3 zoning ensures flexibility in development plans, allowing for a variety of multifamily housing options. This is a turnkey opportunity for a developer looking to capitalize on the strong demand for rental housing in the area. All information is believed to be accurate but should be independently verified.

    Property Features for 0 Arthur Pl

    General Information

    Property type
    Multifamily properties
    Lot Size
    29,185 SF

    HighLights

    • 0.67‑acre site.
    • Three contiguous duplex lots offered as a single package.
    • Existing utilities available.
    • Zoned R‑3 Multifamily.
    • Information deemed reliable but not guaranteed.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Map

    City
    Mount Vernon
    County
    Skagit
    State
    Washington
    Longitude
    -122.31611664071
    Latitude
    48.424223790097

    Nearby Similar for Sale

    • $699,500
      0.11 Acres

      Historic Commercial Building in Mount Vernon

      9,000 SF commercial space in historic downtown Mount Vernon.
      307 South 1St St, Mount Vernon, WA 98273
      View Details
    • $775,000
      4,500 SF

      Mount Vernon Commercial/Industrial Property

      Versatile property with shop, home, and high visibility.
      2401-2407 Old Highway 99 S Rd S, Mount Vernon, WA 98273
      View Details
    • $37,500
      728 SF

      Renovated Manufactured Home in 55+ Park

      Updated 728 SF manufactured home in Mountain View Estates.
      2522 Old Highway 99 S Rd, Mount Vernon, WA 98273
      View Details
    • $565,000
      1,612 SF

      Versatile Office Building in Mount Vernon

      Two office spaces in one building with flexible zoning.
      1101 S 2Nd St, Mount Vernon, WA 98273
      View Details
    • $1,100,000
      2,612 SF

      Mount Vernon Commercial Investment Opportunity

      Three diverse commercial investments in one strategically positioned building.
      1331 2Nd St, Mount Vernon, WA 98273
      View Details
    • $799,000

      Established Brewery with Expansion Potential

      Successful brewery for sale with immediate income and growth opportunity.
      17406 State Route 536, Mount Vernon, WA 98273
      View Details
    • $25,800,000

      Skagit Valley Manufactured Home Lots

      172 lots with public utilities and strong occupancy history.
      1400 30Th St, Mount Vernon, WA 98273
      View Details
    • $5,200,000
      34,417 SF

      Mount Vernon Warehouse and Office

      Warehouse with remodeled office and temporary storage on 5 acres.
      3709 Old Hwy 99 Rd South, Mount Vernon, WA 98273
      View Details
    • $1,105,600
      4,800 SF

      Downtown Office Building with Parking

      Downtown Mount Vernon office building with parking lot included.
      317 S 2Nd St, Mount Vernon, WA 98273
      View Details
    • $1,275,000

      Well-Maintained Commercial Property For Sale

      Fully occupied commercial property with multiple income streams and upside potential.
      1621 Freeway Dr, Mount Vernon, WA 98273
      View Details
    • $399,950

      Heated Industrial Condominiums For Sale

      Five industrial condominiums with individual utilities and excellent location.
      2001 Henson Rd, Mount Vernon, WA 98273
      View Details
    • $340,000
      1,212 SF

      Move-In Ready Condo with Garage

      Three-bedroom condo with garage near amenities and greenbelt.
      803 S Laventure Rd, Mount Vernon, WA 98273
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Multifamily Development Opportunity in WA
    Where is this multifamily property located?
    The property is located at Arthur Pl Mount Vernon, WA.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 0.67-acre site.; Three contiguous duplex lots offered as a single package.; Existing utilities available.
    Request Owner's contact information
    Arthur Pl Mount Vernon, WA 98273
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Arthur Pl
    Mount Vernon, WA 98273
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Arthur Pl Mount Vernon, WA 98273
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.