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Provided by NWMLS, Listed by Kevin Zellmer, 425-453-4597 at Realty One Group Enterprise
6,084 sqft

$1,879,000

17820 Smokey Point Boulevard, Arlington WA, 98223

Price per sqft$308.84
Built in1969
Property size6,084 sqft
Property typeMulti-family

Overview

Active

Listed Mar 31, 2026

Updated 28h ago

NEW RENOVATIONS and at Market Rate Rents after 2 units kitchen remodels, see photos! Current revenues posted & expenses are current Sept 2026. Annual Income $140,820, Expenses: 25,000/year, NOI: $115,820, Cap Rate: 6.1%. Market rate $2300 & 2 of the 6 units have all new kitchens cabinets, granite countertops, under cabinet and counter lighting & appliances, flooring, bathroom updates. Proforma Income $165k CAP at 7.85%! Strong tenants & income in place, still room to increase rents 4 units of $400 each! Great opportunity to own this renovated 6-unit multi-family investment in Marysville/Arlington that offers 6,084 SF on 22,651 SF of land partially fenced with private patios for each unit with 15 parking spaces. Tenants pay their own Electricity, Trash & Recycle. All units are 2 bedrooms & 1 Bathroom 1,014 SQFT each. Recent renovations include electrical, plumbing, venting, insulation, gutters, downspouts, landscaping, exterior & interior  have updated paint, flooring, carpet upgrades of Appliances in units, Hot Water tanks & items from prior year as well from Seller. Newer fencing & privacy of backyard w/ lots space for 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, just minutes away. Smokey Point Community Park is walking distance across the street w/ playground & athletic areas. Huge retail Mall Plaza, Target, Costco, Retail and Restaurants just minutes away!

$12,501/mo

Est. mortgage payment based on a $1,879,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2498475

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.52 Acres

Other Property Details

Taxes
$11,400
Tax Frequency
Annually
55+/Senior Community
No
MLS provider logo

Provided by NWMLS, Listed by Kevin Zellmer, 425-453-4597 at Realty One Group Enterprise

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 9/17/2026. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 9/17/2026 at 5:43 AM UTC . 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.

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Data last updated on 9/17/2026 at 5:43 AM UTC 

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