11087 N Skagit Street Unit #A & B, Burlington, WA 98233
- $605,000
- 1,920
- SqFt
Listing courtesy of RE/MAX Whatcom County, Inc..
- List Price
- $605,000
- Status
- ACTIVE
- MLS#
- 2543565
- Days on Market
- 36
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,920
- Area Total SqFt
- 1920
- Annual Tax Ammount
- 5218.46
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 15,682
- Sewer
- Septic Tank
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.
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Additional Information
- List Date
- 2026-06-23 16:24:09
- Community
- Burlington
- Net Operating Income
- $37,081
- Gross Adjusted Income
- $45,600
- Gross Scheduled Income
- $48,000
- Total Monthly Income
- $4,000
- Insurance Expenses
- $1,500
- Water/Sewer/Garbage Expenses
- $1,800
- Gross Rent Multiplier
- 12.6
- Total Expenses
- $8,518
- Cap Rate
- 6.13
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 11087
- Potential Terms
- Cash, Conventional, FHA, USDA Loan, VA Loan
- Year Built
- 1979
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet, Patio
- Energy Source
- Electric
- School District
- Burlington
- Total Monthly Income
- $4,000
- Gross Scheduled Income
- $48,000
- Vacancy Rate
- 5
- Gross Adjusted Income
- $45,600
- Tax Year
- 2026
- Insurance Expense
- $1,500
- W/S/G Expenses
- $1,800
- Total Expenses
- $8,518
- Net Operating Income
- $37,081
- Gross Rent Multiplier
- 12.6
- Cap Rate
- 6.13
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.