17820 Smokey Point BLVD, Arlington, WA 98223
17820 Smokey Point BLVD, Arlington, WA 98223
17820 Smokey Point BLVD, Arlington, WA 98223
12
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Listed by:Realty One Group Enterprise • Kevin Zellmer
$1,850,000
Est. payment /mo
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12 Beds
6 Baths
6,084 SqFt
Active

17820 Smokey Point BLVD Arlington, WA 98223

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Jeffrey Sowell

Jeffrey Sowell

+1(425) 422-6725

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,084 sqft

Price per Sqft $304

Subdivision Smokey Point

MLS Listing ID 2498475

Style 55 - 5-9 Units

Bedrooms 12

Year Built 1969

Annual Tax Amount $11,400

Lot Size 0.520 Acres

Property Sub-Type Multi Family

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 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, 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!

Location

State WA

County Snohomish

Area 770 - Northwest Snohomish

Interior

Flooring Ceramic Tile, Laminate, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Brick, Cement/Concrete, Wood, Wood Products

Amenities Available Cable TV, Fenced-Partially, Patio

View Y/N No

Roof Type Composition

Building

Lot Description Corner Lot, Cul-De-Sac, Curbs, Dead End Street, Open Space, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Lakewood

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

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Jeffrey Sowell

Jeffrey Sowell

Agent | License ID: 133256

+1(425) 422-6725

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17820 Smokey Point BLVD