17820 Smokey Point Blvd Arlington, WA 98223
Six-unit multifamily property in Arlington with strong in-place income.
Type:Commercial
Property size:
6,084 SFPrice / SF:
$271/SF- Added:
- Apr 16, 2025
- Days on Market:
- 380
- Last Refresh:
- Apr 5 at 8:10 pm
Property Features for 17820 Smokey Point Blvd
General Information
- Standard status
- Active
- Size
- 6,084 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1969
Listing agent TEJ ASHER
Listing office FIRST WESTERN PROPERTIES, INC.
Listing date Apr 16, 2025
Source Corcoran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of FIRST WESTERN PROPERTIES, INC.
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
Location Insight
- Map
- Local Demand
- City
- Arlington
- County
- Snohomish
- State
- Washington
- Longitude
- -122.184
- Latitude
- 48.1584
Nearby Similar for Sale
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.
