17820 Smokey Point Boulevard
Arlington, WA, 98223 $ 1,879,000
Bedrooms12 Baths6.0 Sq 6,084 Monthly Estimate*
$ 11,864
Listed by Realty One Group Enterprise
for $1,879,000 with 12 bedrooms and 6 full baths. This 6,084 square foot home was built in 1969 on a lot size of 0.52.
SELLER FINANCING AVAILBLE! NEW RENOVATIONS and at Market Rate Rents after 2 units kitchen remodels & interiors, see photos! Current revenues posted & expenses are current Sept 2026. Annual Income $140,820, Expenses: 25,000/year, NOI: $115,820, Cap Rate: 6.1%. Market rate $2300 and 2 units have all new kitchens cabinets, granite countertops, under cabinet and counter lighting & appliances, flooring, bathroom updates. Proforma Income $165k CAP at 7.85%! Strong tenants & income in place, still room to increase rents 4 units of $400 each! Great opportunity to own this renovated 6-unit multi-family investment in Marysville/Arlington that offers 6,084 SF on 22,651 SF of land partially fenced with private patios for each unit with 15 parking spaces. Tenants pay their own Electricity, Trash & Recycle. All units are 2 bedrooms & 1 Bathroom 1,014 SQFT each. Recent renovations include electrical, plumbing, venting, insulation, gutters, downspouts, landscaping, exterior & interior have updated paint, flooring, carpet upgrades of Appliances in units, Hot Water tanks & items from prior year as well from Seller. Newer fencing & privacy of backyard w/ lots space for 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, just minutes away. Smokey Point Community Park is walking distance across the street. Huge retail Mall Plaza, Target, Costco, Retail and Restaurants just minutes away!
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FeaturesGeneralLiving Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Partially Fenced
Year Built 1969
Property Subtype Multi Family
Tax Year 2025
County Snohomish
Net Operating Income 115820
Insurance Expense 5485
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Smokey Point
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions West from I-5 on 172nd St NE/SR 531 left on Smokey Point Blvd left on 178th Pl NE.
City Arlington
Senior Community Y/N N
High School District Lakewood
Zoning Description Multi-Family
Number Of Units Total 6
MLS Area 770 - Northwest Snohomish
Lot Size Units Square Feet
Lot Size Square Feet 22651
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Tax Annual Amount 11400
Electric Expense 0
Fuel Expense 0
Property Condition Very Good
Public Remarks SELLER FINANCING AVAILBLE! NEW RENOVATIONS and at Market Rate Rents after 2 units kitchenremodels & interiors see photos! Current revenues posted & expenses are current Sept 2026. Annual Income $140
Leasable Area 6084
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities See Remarks
Units Below Grade false
Units In Building Total 6
Water Sewer Garbage 8115
Property Style 55 - 5-9 Units
Cap Rate 6.3
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ExteriorExterior Amenities Brick Cement/Concrete Wood Wood Products
Lot Features Corner Lot Cul-De-Sac Curbs Dead End Street Open Space Paved Sidewalk
Water Source Public
Total Parking 15
Foundation Details Poured Concrete
Building Area Total 6084
Lot Size Acres 0.52
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Partially Patio
Parking Uncovered Total 15
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InteriorFlooring Ceramic Tile Laminate Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal OnlyOriginalMLSID NWM2498475
Street Number 1 17820
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* Excluded FeaturesList ByKevin ZellmerListing Agent
Realty One Group EnterpriseBroker
Kevin.zellmer71@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $11,864
- Monthly Property Taxes
- $950
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Arlington, WA
Average List Price $1,637,000
Percent of Sale Price 13%
About Arlington, WA 18,100 Population
49% Since 2002
$ 66,790 Median Income
37.12 Median Age
34% Households with Children
Trends Information provided by ATTOM Data Solutions.
256899 Elementary School
256742 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/1/2026 | $1,850,000 | | Listed Price |