17820 Smokey Point Blvd, Arlington, WA 98223

First Western Properties is pleased to present the exclusive sale of this 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 2 bed / 1 bath, 1,014 SF each.Current Proforma Revenue: $130,620 (effective 6/1/25)NOI: $90,620 | Cap Rate: 5.49%Parking: 16 spacesOperating Expenses: ~$40,000/yearUnits 4, 5 and 6 all recently renovated. New Fence constructed in 2023 in the backyard. Water sewer included in rents; tenants pay garbage electricity direct. 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, is