$1,850,000
Est. $9,384/mo17820 Smokey Point Boulevard, Arlington, WA 98223
• Listed 2026-03-31•54 days on market
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Based on information submitted to the MLS GRID as of June 1, 2026 at 9:44 AM PDT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Great opportunity to own this renovated 6-unit multi-family investment in Arlington that offers 6,084 SF on 22,651 SF of land partially fenced with private patios for each unit with 15 parking spaces. Located in a Residential area making this the perfect community living. Strong tenants & income in place, still room to grow income and NOI with ZERO Vacancy! Tenants pay own Electricty, Trash & Recycle. All units are 2 bedrooms & 1 Bathroom and VERY LARGE units at 1,014 SQFT each. Recent renovations include eletrical, plumbing, venting, insulation, gutters, downspouts, landscaping, exterior & interior paint and many other items. Current Proforma Revenue: $137896 (current 2026) Expenses: 25,000/year, NOI: $112,896, Cap Rate: 6.1%. Market rate in 12-18 months $2,300+. Proforma Income $165k CAP at 7.85%! Units 4 is completed renovated with new kitchen, countertops, bathroom, appliance etc... Now rent Unit 4 $2,200 and $2300+ Market Rate in the future! Units have updated paint, flooring, carpet upgrades of Appliances, Hot Water tanks & items from 2023. Newer fencing and lots of backyard space for all tenants. Located in a growing Arlington area with strong rental demand and Businesses. The new 2.8 million SF Amazon Fulfillment Center, Coca Cola Plant, Airport are just a couple minutes away. Smokey Point Community Park is walking distance across the street with playground and athletic areas. Huge retail Mall Plaza with Target, Costco, Retail and Restaurants just minutes away!
Listed by Kevin Zellmer • Realty One Group Enterprise
Listing updated: April 7, 2026 at 11:28am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2498475
Open houses
No upcoming open houses scheduled for this property.
5 recent nearby sales, priced between $28K and $490K.
$490,000Last sold price
420 French Avenue, Arlington, WA 98223
$389,000Last sold price
318 S French Avenue, Arlington, WA 98223
$28,000Last sold price
105 Cox #6, Arlington, WA 98223
$11,235 per month
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Arlington is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 30 days.
$630,000 Sold
4 months ago
3 bd•2 ba•~1,518 sq ft•Single Family
17504 40th Drive Ne, Arlington, WA 98223
0%
Over list
—
Days on market
0.4 mi
Distance
$569,000 Sold
5 months ago
3 bd•2.5 ba•~1,466 sq ft•Single Family
3219 186th Place Ne, Arlington, WA 98223
0%
Over list
—
Days on market
0.5 mi
Distance
$565,000 Sold
5 months ago
3 bd•1 ba•~1,044 sq ft•Single Family
17625 34th Avenue Ne, Arlington, WA 98223
1%
Over list
—
Days on market
0.1 mi
Distance
$460,000 Sold
5 months ago
3 bd•2.5 ba•~1,112 sq ft•Single Family
3125 183rd Place Ne, Arlington, WA 98223
3%
Under list
—
Days on market
0.3 mi
Distance
$825,000 Sold
6 months ago
•Single Family
17110 Ne 43rd Avenue Ne, Arlington, WA 98223
6%
Under list
—
Days on market
0.7 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data via RentCast · Updated Jun 2026
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.