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17820 Smokey Point Boulevard

Arlington, WA 98223
  • $1,650,000
  • STATUS: Pending
  • ID#: 2366135
UPDATED: 40 min ago
$1,650,000
  • 0
    BEDS
  • 0.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,084
    SQFT
  • $271
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1969
County:

School Ratings & Info

School District:
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of Westland Realty.
Mortgage Calculator is provided by BoomTown.

Description

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 2bd1ba, 1,014 SF each. Current Proforma Revenue: $130,620 (effective 6/1/25) NOI: $90,620, Cap Rate: 5.49% Expenses: ~$40,000/year Units 4, 5 and 6 all recently renovated. New Fence constructed in 2023 in the backyard. 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, i s under construction. See the attached offering flyer.

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IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Real Broker, LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-05-13T14:15:05.88. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-05-13T14:15:05.88. 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.
www.costelloteam.com/homes/163070323
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17820 Smokey Point Boulevard Arlington, WA 98223

  • Price: $1,650,000
  • Status: Pending
  • On Site: Days
  • Updated: 40 min ago
  • ID#: 2366135
0
Beds
0
Baths
0
½ Baths
0.52
Acres
6,084
SQFT
$271
$/SQFT
1969
Built
Neighborhood:
Smokey Point
County:
Snohomish
Area:
770 - Northwest Snohomish
School District:
Lakewood
Property Description
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 2bd1ba, 1,014 SF each. Current Proforma Revenue: $130,620 (effective 6/1/25) NOI: $90,620, Cap Rate: 5.49% Expenses: ~$40,000/year Units 4, 5 and 6 all recently renovated. New Fence constructed in 2023 in the backyard. 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, i s under construction. See the attached offering flyer.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Products Lot Features Corner LotCurbsPavedSidewalk Open Parking Spaces 16 Open Parking YN Yes Parking Total 16 Parking Uncovered Spaces 16 Roof Composition Structure Type Multi Family Style Code 55 - 5-9 Units View YN No Waterfront YN No

Interior Features

Baths Full Upper 0 Baths Half Upper 0 Baths Three Quarter Upper 0 Bedrooms Upper 0 Building Area Total 6084 Cooling None Cooling YN No Fireplace YN No Fireplaces Total 0 Flooring Vinyl PlankCarpet Heating Baseboard Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Building Name Carola Addition Energy Source Electric First Right Of Refusal No Foundation Details Slab Irrigation Water Rights YN No Listing Terms Cash OutConventional Lot Number 10 Net Operating Income 90620 New Construction YN No Possession Closing Possible Use CommercialMulti-Family Power Production Type Electric Property Condition Good Property Sub Type Multi Family Senior Community YN No Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 10647 Tax Year 2025 Units In Building Total 6 Year Built Effective 2000 Zoning Description CommercialMulti-Family Zoning Jurisdiction County



IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Real Broker, LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-05-13T14:15:05.88. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-05-13T14:15:05.88. 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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Costello Team | Real Broker, LLC
1400 112th Ave SE suite 100
Bellevue WA, 98004
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of Westland Realty.
Mortgage Calculator is provided by BoomTown.