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49 Willow Lane, 
Mount Vernon, WA 98273

$375,000

—

Bed

—

Bath

1,600

Sq Ft

Multi-Family

Pending

Listed by

Corey Crain

Keller Williams Realty Bothell

Last updated:

September 8, 2026, 08:06 AM

MLS#

2577601

Source:

NWMLS

About This Home

49 Willow Lane

Three units at $125,000 per door. Two 1BR/1BA and one 2BR/1BA, all single-level with private entries on a 7,405 SF lot, minutes from I-5 and downtown Mount Vernon. 100% occupied. The opportunity is the rent gap. In-place rents total $2,575/month. Comparable Mount Vernon one-bedrooms are currently leasing between $1,380 and $1,600. At conservative market rents this property produces $44,400 annually, roughly $13,500 above today, with no change to the building. Self-managed by the same ownership since 2017. Owner pays water, sewer, garbage and common electric; tenants pay in-unit power. Off-street parking, fenced rear yard, single-story construction with no shared stairwells or common corridors. Seller-operated NOI $14,464. Pro forma NOI $26,464.

Home Facts

Multi-Family

Built in 1950

Subdivision & Development:

Mount Vernon

Price Summary

375,000

$234 per Sq. Ft.

MLS #:

2577601

Last Updated:

September 8, 2026, 08:06 AM

Rooms & Interior

Interior

Living Area:

1,600 Sq. Ft.

Structure

Structure

Building Area:

1,600 Sq. Ft.

Year Built:

1950

Lot

Lot Size (Sq. Ft):

7,405

Finances & Disclosures

Finances

Price:

$375,000

Price per Sq. Ft:

$234 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 8, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.