17820 Smokey Point Boulevard, Arlington, WA 98223
- $1,850,000
- 6,084
- SqFt
Listing courtesy of Realty One Group Enterprise.
- List Price
- $1,850,000
- Status
- ACTIVE
- MLS#
- 2498475
- Days on Market
- 117
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Finished SqFt
- 6,084
- Area Total SqFt
- 6084
- Annual Tax Ammount
- 11400
- Internet Provider
- Tenants Pay
- Lot Size (sq ft)
- 22,651
- Sewer
- Sewer Connected
Property Description
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. 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: $140820 (current 2026) Expenses: 25,000/year, NOI: $115,820, Cap Rate: 6.3%. 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, just 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!
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Additional Information
- List Date
- 2026-03-31 22:28:11
- Community
- Smokey Point
- Net Operating Income
- $115,820
- Gross Adjusted Income
- $140,820
- Gross Scheduled Income
- $140,820
- Total Monthly Income
- $11,735
- Insurance Expenses
- $5,485
- Water/Sewer/Garbage Expenses
- $8,115
- Gross Rent Multiplier
- 13.14
- Total Expenses
- $25,000
- Cap Rate
- 6.3
- Total Number of Units
- 6
- Unit Name
- 17820
- Potential Terms
- Cash, Conventional
- Year Built
- 1969
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Patio
- Energy Source
- Electric
- School District
- Lakewood
- Total Monthly Income
- $11,735
- Gross Scheduled Income
- $140,820
- Gross Adjusted Income
- $140,820
- Tax Year
- 2025
- Insurance Expense
- $5,485
- W/S/G Expenses
- $8,115
- Total Expenses
- $25,000
- Net Operating Income
- $115,820
- Gross Rent Multiplier
- 13.14
- Cap Rate
- 6.3
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.