$2,300,000
Est. $11,727/mo701 S 1st Street, Mount Vernon, WA 98273
• Listed 2026-07-06•15 days on market
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Fantastic investment opportunity in prime downtown Mount Vernon location. Fully rented, this 13,000 square foot property features a beloved, long-term retail tenant on the main floor with ample living space above. On the second floor you'll find a mix of 18 rental units which include full apartments and individual rooms along with communal kitchen, restrooms, and coin operated laundry. These units offer a great opportunity for low income housing and are in great demand. Located in the heart of downtown, this historic building is within easy walking distance of the Skagit Riverwalk, grocery stores, restaurants, the Lincoln Theatre, summer concerts, farmers markets, shops, and everything downtown Mount Vernon offers.
Listed by Dominic Pettruzzelli • Pettruzzelli Inc
Listing updated: July 7, 2026 at 02:28pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2549983
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$700K3 bd · 1 ba · 1,520 sqft
303 Crested Butte Boulevard #46, Mount Vernon, WA 98273
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701 S 1st Street, Mount Vernon, WA 98273
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Mount Vernon is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 14 days.
$615,000 Sold
6 days ago
•Single Family
320 1st Street, Mount Vernon, WA 98273
0%
Over list
—
Days on market
0.2 mi
Distance
$205,000 Sold
2 weeks ago
4 bd•3 ba•~1,600 sq ft•Single Family
303 S Baker Street, Mount Vernon, WA 98273
38%
Under list
—
Days on market
0.3 mi
Distance
$400,000 Sold
3 weeks ago
•Single Family
1321 S 2nd Street, Mount Vernon, WA 98273
6%
Under list
—
Days on market
0.4 mi
Distance
$415,000 Sold
7 weeks ago
3 bd•1.5 ba•~775 sq ft•Single Family
319 E Section Street, Mount Vernon, WA 98273
2%
Over list
—
Days on market
0.4 mi
Distance
$45,000 Sold
7 weeks ago
2 bd•Single Family
2210 Old Highway 99 South Road #31, Mount Vernon, WA 98273
10%
Under list
—
Days on market
1.0 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
