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Realty One Group Orca
118 E Victoria Avenue, Burlington, WA 98233
- $600,000
- 2,857
- SqFt
Listing Broker: John L. Scott Skagit; Andrew Sale; ; Selling Office: John L. Scott Arlington.
- Sold Price
- $600,000
- List Price
- $674,950
- Status
- SOLD
- MLS#
- 2448143
- Closing Date
- Jun 18, 2026
- Days on Market
- 228
- Style
- 55 - 5-9 Units
- Finished SqFt
- 2,857
- Area Total SqFt
- 2857
- Annual Tax Ammount
- 6281
- Internet Provider
- Xfinity/comcast
- Lot Size (sq ft)
- 6,700
- Sewer
- Sewer Connected
Property Description
Excellent opportunity to own a 5-Unit building, 3,000 +/- sq ft in the heart of Burlington, close to shopping, schools, and I-5. All 5 units are currently occupied, immediate rental income for the next owner! All 5 units are studios or 1 bedrooms each with with their own kitchen and bathroom. Plumbing and electrical has been updated. Metal roof installed in 2007. 884 sq ft unfinished basement for tenant storage. Abundant off street-street parking. Public transportation nearby.
Additional Information
- List Date
- 2025-11-02 00:00:00
- Community
- Burlington
- Net Operating Income
- $11,748
- Gross Adjusted Income
- $21,325
- Gross Scheduled Income
- $53,000
- Total Monthly Income
- $4,000
- Insurance Expenses
- $3,326
- Water/Sewer/Garbage Expenses
- $2,011
- Gross Rent Multiplier
- 16
- Total Expenses
- $18,161
- Cap Rate
- 4.2
- Total Number of Units
- 5
- Unit Name
- 118
- Potential Terms
- Cash, Conventional
- Year Built
- 1925
- Roof
- Metal
- Site Features
- Cable TV
- Electric Expenses
- 1234
- Other Expenses
- 5309
- Energy Source
- Electric
- School District
- Burlington
- Elementary School
- Lucille Umbarger Ele
- Middle School
- Buyer To Verify
- High School
- Burlington Edison Hi
- Total Monthly Income
- $4,000
- Gross Scheduled Income
- $53,000
- Gross Adjusted Income
- $21,325
- Tax Year
- 2026
- Insurance Expense
- $3,326
- W/S/G Expenses
- $2,011
- Total Expenses
- $18,161
- Net Operating Income
- $11,748
- Gross Rent Multiplier
- 16
- Cap Rate
- 4.2
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.