3316 E College Way, Mount Vernon, WA 98273
- $785,000
- 3,396
- SqFt
Listing Broker: Best Choice Realty LLC; Brent Wolters; 360-920-3513; brentwolters88@gmail.com
- List Price
- $785,000
- Status
- ACTIVE
- MLS#
- 2579849
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 3,396
- Area Total SqFt
- 3396
- Annual Tax Ammount
- 6793.55
- Lot Size (sq ft)
- 13,068
- Sewer
- Sewer Connected
Property Description
College Way Triplex! A great multifamily property with plenty to offer, conveniently located near Skagit Valley College. The property includes two 3-bedroom, 1-bathroom units in the main two-story building, along with a separate 2-bedroom, 1-bathroom home. Each unit has its own private entrance, giving residents added privacy and convenience. Many important updates have already been completed, including updated bathrooms throughout, newer flooring, fresh paint, and updated appliances. The separate home and one of the units also feature updated kitchens. The large lot provides plenty of space and adds to the overall appeal of the property. With multiple units, separate entrances, ample parking, and numerous updates already completed, this is a property with both flexibility and potential. Zoning allows for a 4th Unit. And there is room for it. A great opportunity for an investor or owner looking for a multifamily property in a convenient location.
Additional Information
- List Date
- 2026-09-30 07:10:11
- Community
- College
- Net Operating Income
- $53,228
- Gross Adjusted Income
- $66,600
- Gross Scheduled Income
- $66,600
- Total Monthly Income
- $5,550
- Insurance Expenses
- $1,512
- Water/Sewer/Garbage Expenses
- $3,726
- Gross Rent Multiplier
- 12
- Total Expenses
- $13,371
- Cap Rate
- 6.78
- Total Number of Units
- 3
- Unit Name
- 3316
- Potential Terms
- Cash, Conventional
- Year Built
- 1937
- View
- Territorial
- Roof
- Composition
- Site Features
- Patio
- Other Expenses
- 1340
- Energy Source
- Electric, Natural Gas
- School District
- Mount Vernon
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $5,550
- Gross Scheduled Income
- $66,600
- Gross Adjusted Income
- $66,600
- Tax Year
- 2026
- Insurance Expense
- $1,512
- W/S/G Expenses
- $3,726
- Total Expenses
- $13,371
- Net Operating Income
- $53,228
- Gross Rent Multiplier
- 12
- Cap Rate
- 6.78
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.