$595,000

4 Beds 2 Baths 1,920 SQFT 0.36 Acres
Type: Multi-Family

11087 N Skagit Street # A & B
Burlington, WA 98233

MLS#: 2543565
Presented by: RE/MAX Whatcom County, Inc. and NWMLS

Property Description

 

Excellent opportunity for investors and owner-occupants alike! This well-maintained duplex offers two 2-bedroom, 1-bath units with a total of 1,920 square feet and strong rental history. Current rents total $4,000/month, providing immediate income potential, while the layout and financing options make it equally appealing for those looking to live in one unit and offset their mortgage with rental income from the other. Situated on a generous lot in a convenient Burlington location, each unit enjoys its own fully fenced backyard, creating privacy and outdoor space rarely found in multifamily properties. Recent improvements include a new roof and updated flooring. One unit has been tastefully updated and shows beautifully, while the second offers an opportunity to add value over time. Both units feature functional floor plans with spacious living areas, two bedrooms, full bathrooms, and ample parking. Whether you’re looking to expand your investment portfolio, begin your real estate investment journey, or take advantage of a house-hacking opportunity, this property offers flexibility, upside potential, and a desirable location close to schools, shopping, dining, and easy I-5 access. Potential to put an RV on the lot for additional rental income. Buyer to verify. A rare chance to own an income-producing property with long-term potential in the heart of Skagit County.


 

Interior Features

Bedrooms

Bedrooms Possible4
Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories1

General

Building Area Units0 sqft
Cap Rate6.13
Carport Spaces0
Carport Y/NNo
CityBurlington
CoolingNone
CountySkagit
DirectionsFrom SR 20 turn onto N Skagit Street. Residence is on the right side of the road.
Electric Expense0
Fuel Expense0
Garage Spaces2
HOANo
HOA Fee$0
HeatingBaseboard
High School DistrictBurlington
Insurance Expense1500
Leasable Area1,920 sqft
Listing TermsCash, Conventional, FHA, USDA Loan, VA Loan
Living Area0 sqft
Lot Size Square Feet15,682 sqft
Lot Size UnitsSquare Feet
MLS Area825 - Burlington
NWM_ShowMapLinkY
Net Operating Income37081
New ConstructionNo
Number Of Units Total2
PossessionSubject To Tenant Rights
Property ConditionGood
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksExcellent opportunity for investors and owner-occupants alike! This well-maintained duplex offers two 2-bedroom, 1-bath units with a total of 1, 920 square feet and strong rental history. Current rents
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSeptic Tank
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameBurlington
Tax Annual Amount$5,218
Tax Year2026
Unit Number0
Units Below Gradefalse
Units In Building Total2
ViewTerritorial
Water CompanySkagit PUD
Water Sewer Garbage1800
Year Built1979

Exterior

Building Area Total1,920 sqft
Covered Spaces0
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCul-De-Sac, Dead End Street, Paved
Lot Size Acres0.36
Parking Uncovered Total2
Site FeaturesCable TV, Fenced-Partially, High Speed Internet, Patio
Total Parking2
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Elementary School N/A
Middle School N/A

  

Similar Properties

$595,000

4 Beds 2 Baths 1,920 SQFT 0.36 Acres
Type: Multi-Family

11087 N Skagit Street # A & B
Burlington, WA 98233

MLS#: 2543565