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    17820 Smokey Point Blvd Arlington, WA 98223

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    For Sale
    $1,650,000

    Six-unit multifamily property in Arlington with strong in-place income.

    Property size:
    6,084 SF

    Property Features for 17820 Smokey Point Blvd

    General Information

    Size
    6,084 SF

    Building Details

    Year built
    1969

    Source: FIRST WESTERN PROPERTIES, INC. Agent TEJ ASHER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Arlington Multifamily Investment Opportunity

    This six-unit multifamily property in Arlington offers 6,084 square feet of space on a 22,651 square foot lot. Each of the six units features two bedrooms and one bathroom, with each unit measuring 1,014 square feet. The property benefits from a strong in-place income. The current pro forma revenue is $130,620, effective June 1, 2025, with a net operating income of $90,620 and a cap rate of 5.49%. Sixteen parking spaces are available. Operating expenses are approximately $40,000 per year. Units 4, 5, and 6 have been recently renovated. A new fence was constructed in the backyard in 2023. Water and sewer are included in the rents, while tenants pay for garbage and electricity directly. The property is situated in a growing area of Arlington with strong rental demand. A new 2.8 million square foot Amazon Fulfillment Center is located just a couple of minutes away. Smokey Point Community Park is located across Smokey Point Boulevard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Snohomish
    State
    Washington
    Longitude
    -122.1835368
    Latitude
    48.1583943

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property in Arlington with strong in-place income.
    Where is this apartment building located?
    The property is located at 17820 Smokey Point Blvd Arlington, WA.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Strong in-place income with a NOI of $90,620 and a cap rate of 5.49%.; - Located in a growing Arlington area near the new 2.8 million SF Amazon Fulfillment Center, with strong rental demand.; - Six spacious 2 bed / 1 bath units, each 1,014 SF.
    Request Owner's contact information
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    Arlington, WA 98223
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17820 Smokey Point Blvd Arlington, WA 98223
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