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  • Listed by: 

    Jeff Totzek,

    Westland Realty

    $1,200,000

    17820 Smokey Point Boulevard, Arlington, WA 98223

    --beds
    --baths
    6,084sqft
    Multi Family
    Built in 1969
    -- sqft lot
    $-- Zestimate®
    $197/sqft
    $3,060 Estimated rent

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    $3,060/mo

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    $3,060/mo

    Rent Zestimate®

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    $7,009/mo

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    $7,009/mo

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    What's special

    6-unit multi-family investment opportunity in Arlington. This 6-unit property offers 6,084 SF on 22,651 SF of land, with a strong in-place income. All units are 2bd1ba, 1,014 SF each. Current Proforma Revenue: $130,620 (effective 6/1/25) NOI: $90,620, Cap Rate: 5.49% Expenses: ~$40,000/year Units 4, 5 and 6 all recently renovated. New Fence constructed in 2023 in the backyard. Located in a growing Arlington area with strong rental demand. The new 2.8 million SF Amazon Fulfillment Center is just a couple minutes away. Additionally, Smokey Point Community Park, located across Smokey Point Blvd, i s under construction. See the attached offering flyer.

    Zillow last checked: 7 hours ago

    Listing updated: August 15, 2025 at 04:03am

    Listed by:

    Jeff Totzek,

    Westland Realty

    Bought with:

    Kevin Zellmer, 27736

    Realty One Group Enterprise

    Source: NWMLS,MLS#: 2366135MLS Logo

    Facts & features

    Interior

    Heating
    • Baseboard, Electric
    Cooling
    • None
    Features
    • Flooring: Vinyl Plank, Carpet
    • Has fireplace: No
    Interior area
    • Total structure area: 6,084
    • Total interior livable area: 6,084 sqft

    Property

    Parking
    • Total spaces: 16
    • Parking features: Open
    • Uncovered spaces: 16
    Lot
    • Size: 0.52 Acres
    • Features: Corner Lot, Curbs, Paved, Sidewalk
    Details
    • Parcel number: 010035000100
    • Zoning description: Commercial,Multi-Family,Jurisdiction: County
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Products
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Good
    • Year built: 1969
    • Major remodel year: 2000

    Utilities & green energy

    • Sewer: Sewer Connected

    Community & neighborhood

    Location
    • Region: Arlington
    • Subdivision: Smokey Point

    Other

    Other facts
    • Listing terms: Cash Out,Conventional
    • Cumulative days on market: 4 days