17820 Smokey Point Blvd, Arlington, WA 98223
Six-unit multifamily property in Arlington with strong in-place income.
- Added:
- Apr 16, 2025
- Days on Market:
- 426
- Last Refresh:
- May 10 at 11:18 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.
HighLights
- 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.
- Three units (4, 5, and 6) have been recently renovated.
- Ample parking with 16 spaces.
- Large 22,651 SF lot.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.9k | $29.40 |
| − Vacancy | −$13.4k | −$2.21 |
| EGI | $165.5k | $27.20 |
| − OpEx | −$74.5k | −$12.24 |
| NOI | $91.0k | $14.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Arlington
- County
- Snohomish
- State
- Washington
- Longitude
- -122.184
- Latitude
- 48.1584
