Properties Recently Sold

Mount Vernon Apartments

Mount Vernon Apartments
501, 511, 517 20th St.
Mount Vernon, WA, 98274

Foundation Group, LLC is pleased to exclusively offer The Mount Vernon Apartments for sale, a fully renovated 12-unit multifamily community spanning three separately parceled fourplexes. Located in the growing city of Mount Vernon in Skagit County, this turnkey asset combines modern interior finishes, upgraded systems, and exceptional outdoor appeal in a supply-constrained rental market.

The property sits on nearly an acre and borders a lush greenbelt owned by the City of Mount Vernon, offering residents a tranquil, forested setting with generous green space. This natural environment enhances quality of life and tenant retention while providing investors with a unique, low-density housing product not commonly available.

Originally built in 1985, the property has undergone comprehensive renovations including stylish modern interiors, durable copper plumbing, updated exterior paint, and refreshed landscaping. The result is a highly marketable, low-maintenance asset that attracts quality tenants and commands strong rents.

Each fourplex sits on its own parcel, allowing for flexible financing or future disposition strategies—ideal for investors seeking optionality across residential or commercial loan structures. With proximity to key amenities such as parks, schools, hospitals, and shopping centers, and strong tenant satisfaction, The Mount Vernon Apartments represents a rare opportunity to own a high-performing, appreciating investment in one of Western Washington’s most stable and desirable submarkets.

Listing Agents

Ethan Szmania
P: 206.774.5419
E: Email Ethan

Aaron Locke
P: 206.774.5436
E: Email Aaron

Isaac Chamberlin
P: 206.774.5422
E: Email Isaac

Seattle Commercial Real Estate Brokerage With a Difference!

What Our Clients Say About Us

Your brokerage team is a true partner—proactive, knowledgeable, and always looking out for our best interests.

Randall G

The brokerage team was incredibly thorough and transparent throughout the process. We felt supported every step of the way.

Kathrine D

The building is always spotless, and any maintenance issues are resolved quickly. The management team truly cares about the tenants.

Rita R

Your team’s professionalism and dedication have made a huge impact on our experience. Thank you for everything!

Gary C

Your team’s market knowledge and negotiation skills helped us secure the perfect building at a great price. Truly exceptional service!

Laura C

I’ve worked with several property management companies, and none compared to the level of service and care we receive here.

John Z

We’ve never had such responsive and professional property managers. They go above and beyond to make sure everything runs smoothly.

Stan C

We appreciate the personalized attention and deep understanding of the local market. You helped us make a smart, informed decision.

Sam J

From day one, the management has been transparent, reliable, and incredibly helpful. It’s a pleasure working with them.

Susan A

The property is always well-maintained, and the staff is friendly and efficient. It’s clear they take pride in their work.

Roberta B

Thanks to your team, our building feels like a community. The attention to detail and proactive communication make all the difference.

Robert M

You understood our business goals and translated them into a real estate strategy that delivered results. Outstanding work!

LaVern P

We’ve worked with several brokerages, but none have matched your professionalism, responsiveness, and strategic insight.

Frances S

Thanks to your guidance, we found a location that not only fits our needs but positions us for future growth. We couldn’t be happier.

Chris N

We appreciate how quickly issues are addressed and how well the common areas are kept. It makes our building a great place to work/live.

Mune T

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