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2302 E College Way

Mount Vernon, WA 98274
  • $1,200,000
  • STATUS: Pending Feasibility
  • ID#: 2227916
Under Contract
$1,200,000
  • 0
    BEDS
  • 1.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1956
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of Brown McMillen Real Estate.
Mortgage Calculator is provided by BoomTown.

Description

This is a unique opportunity to develop multi-unit housing right across from Skagit Valley College. The property currently has three houses that generate rental income, while you can plan the property's highest and best use. The city of Mt. Vernon encourages the development of multi-story units, retail spaces, and mixed-use buildings such as apartments. There is a sewer line located across the back third of the property.

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IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-04-27T00:16:16.863. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-04-27T00:16:16.863. 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.
www.pickettstreetproperties.com/homes/149873415
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2302 E College Way Mount Vernon, WA 98274

  • Price: $1,200,000
  • Status: Pending Feasibility
  • On Site: Days
  • ID#: 2227916
0
Beds
0
Baths
0
½ Baths
1.45
Acres
1956
Built
Neighborhood:
Mount Vernon
County:
Skagit
Area:
Mount Vernon
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify
School District:
Mount Vernon
Property Description
This is a unique opportunity to develop multi-unit housing right across from Skagit Valley College. The property currently has three houses that generate rental income, while you can plan the property's highest and best use. The city of Mt. Vernon encourages the development of multi-story units, retail spaces, and mixed-use buildings such as apartments. There is a sewer line located across the back third of the property.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features Paved Open Parking Spaces 0 Open Parking YN No Parking Total 0 Parking Uncovered Spaces 0 Roof Composition Structure Type Multi Family Style Code 55 - 5-9 Units View Territorial View YN Yes Waterfront YN No

Interior Features

Baths Full Upper 0 Baths Half Upper 0 Baths Three Quarter Upper 0 Bedrooms Upper 0 Building Area Total 0 Cooling None Cooling YN No Fireplace YN No Fireplaces Total 0 Flooring LaminateVinyl Heating BaseboardForced Air Heating YN Yes Interior Features Laminate Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Thermal Windows Association Fee 0 Association YN No Building Name MV-4-99 & MV-3-99 Energy Source ElectricNatural Gas FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Green Energy Efficient Thermal Windows Irrigation Water Rights YN No Listing Terms Cash OutConventional Lot Number 123 Net Operating Income 18625 New Construction YN No Possession Tenant's Rights Possible Use Multi-FamilyResidentialSee Remarks Power Company PSE Power Production Type ElectricNatural Gas Property Condition Average Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company City of Mount Vernon Site Features Gas Available Special Listing Conditions None Tax Annual Amount 12903 Tax Year 2024 Water Company PUD Water Source Public Zoning Description BusinessMulti-FamilyResidentialSee Remarks Zoning Jurisdiction City



IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-04-27T00:16:16.863. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-04-27T00:16:16.863. 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.
 
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Pickett Street Properties
1307 N 45th Street Suite 300
Seattle WA, 98103
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of Brown McMillen Real Estate.
Mortgage Calculator is provided by BoomTown.