17820 Smokey Point Boulevard, Arlington, WA 98223

Arlington
Local realty services provided by:Imagine Realty ERA Powered
Listed by: kevin zellmer
Office: realty one group enterprise
MLS#:2498475
Source:NWMLS
17820 Smokey Point Boulevard,Arlington, WA 98223
$1,850,000
  • - Beds
  • - Baths
  • 6,084 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,850,000
  • Price per sq. ft.:$304.08

About this home

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,...

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Home facts

  • Year built:1969
  • Listing ID #:2498475
  • Updated:May 18, 2026 at 12:23 AM

Rooms and interior

  • Flooring:Carpet, Ceramic Tile Floor, Laminate, Vinyl Plank
  • Living area:6,084 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1969
  • Building area:6,084 sq. ft.
  • Lot area:0.52 Acres
  • Lot Features:Corner, Cul-De-Sac, Curbed Lot, Dead-end Street, Open Space, Paved, Sidewalk
  • Construction Materials:Brick Exterior Finish, Cement/Concrete Exterior Finish, Wood Exterior Finish, Wood Products Exterior Finish
  • Exterior Features:Fenced-Partially, Patio

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,850,000
  • Price per sq. ft.:$304.08
  • Tax amount:$11,400 (2025)

Features and amenities

  • Amenities:Cable TV

Parking

  • Total parking spaces:15
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