17820 Smokey Point Boulevard Arlington, WA 98223
17820 Smokey Point Boulevard
Arlington, WA 98223
$1,850,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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!
Property Features
Community: Smokey Point
5-9 Units
Cable TV
Fenced-Partially
Patio
Exterior: Brick
Exterior: Cement/Concrete
Exterior: Wood
Exterior: Wood Products
Roof: Composition
Year Built: 1969
2025 Taxes: $11400.00
Buyer Broker Comp.: 2.0%
Listing #: 2498475
Lot Details
Lot Size: 0.52 acres
Corner Lot
Cul-De-Sac
Curbs
Dead End Street
Open Space
Paved
Sidewalk
No. of Units: 6
Interior
Cooling: None
Heating: Baseboard
Electric
Schools
District: Lakewood
Call or Email:
Grace Wamwere
What's Near 17820 Smokey Point Boulevard Arlington, WA 98223?

Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
DMCA Notice