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17820 Smokey Point Boulevard, Arlington, WA 98223

Arlington
Local realty services provided by:CENTURY 21 Real Estate Center
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 8.02%! 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:April 05, 2026 at 12:24 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
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of April 5, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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