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Listed price in listed location currency (USD).
$1,850,000

0015

MLS® 2498475

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $11,400
Days Active 25
Lot Size 
Approx. Age 1969
MLS® Number 2498475

Property Address: 17820 Smokey Point Blvd, Arlington, WA, 98223-7860

Average square foot calculated using Size range provided by listing agent.

Description

Great opportunity to own this renovated 6-unit multi-family investment in Arlington that offers 6, 084 SF on 22, 651 SF of land partially fenced with private patios for each unit with 15 parking spaces. Located in a Residential area making this the perfect community living. Strong tenants & income in place, still room to grow income and NOI with ZERO Vacancy! Tenants pay own Electricty, Trash & Recycle. All units are 2 bedrooms & 1 Bathroom and VERY LARGE units at 1, 014 SQFT each. Recent renovations include eletrical, plumbing, venting, insulation, gutters, downspouts, landscaping, exterior & interior paint and many other items. Current Proforma Revenue: $137896 (current 2026) Expenses: 25, 000/year, NOI: $112, 896, Cap Rate: 6.1%. Market rate in 12-18 months $2, 300+. Proforma Income $165k CAP at 7.85%! Units 4 is completed renovated with new kitchen, countertops, bathroom, appliance etc... Now rent Unit 4 $2, 200 and $2300+ Market Rate in the future! Units have updated paint, flooring, carpet upgrades of Appliances, Hot Water tanks & items from 2023. Newer fencing and lots of backyard space for all tenants. Located in a growing Arlington area with strong rental demand and Businesses. The new 2.8 million SF Amazon Fulfillment Center, Coca Cola Plant, Airport are just a couple minutes away. Smokey Point Community Park is walking distance across the street with playground and athletic areas. Huge retail Mall Plaza with Target, Costco, Retail and Restaurants just minutes away!
MLS® Number2498475
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1969
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 31, 2026List Date
$1,850,000List Price
  • Commute

Commute

Starting Address
Destination Address
17820 Smokey Point Blvd, Arlington, WA

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