This listing courtesy of Kevin Zellmer , Realty One Group Enterprise
$1,850,000

17820 Smokey Point Boulevard, Arlington, WA 98223

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1969
  • Property Lot Size Icon0.52acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 days ago

Property 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 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, 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!

Listing Status:
Active
Data Last Updated:
April 3, 2026 at 12:21AM
Listing Office:
Realty One Group Enterprise : 425-453-4597
Listing Agent:
Kevin Zellmer : 425-453-4597
MLS ID:
2498475
  • Flooring: Ceramic TileLaminateVinyl PlankCarpet
  • A/C: None
  • Heating: Baseboard
  • Fireplace: Fireplaces: 0
  • General: BrickCement/ConcreteWoodWood Products
  • Parking: Parking spaces: 15
  • Roofing: Composition
  • General: Standard Frame55 - 5-9 UnitsPoured Concrete
  • HOA Amenities: 0.0
  • Originating MLS: nwmls
  • School District: Lakewood
  • County: Snohomish
  • Zoning: 01003500001000
  • Water: Public
  • Sewer: Sewer Connected
  • Source: nwmls

This listing courtesy of Kevin Zellmer , Realty One Group Enterprise

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lakewood Elementary School

17000 16th Dr NE, Marysville, WA, 98271

Grades KG-5

1.29 miles away

L

Lakewood Middle School

16800 16th Dr NE, Marysville, WA, 98271

Grades 6-8

1.35 miles away

L

Lakewood High School

17023 11th Ave NE, Arlington, WA, 98223

Grades 9-12

1.49 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.
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