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Arlington, WA, 98223 • West Arlington • Snohomish County
$304/sqft
12Beds
6Baths
6,084Sqft
0.52 acLot
1969Built
5-9 Units Style
Built 1969 · 57 years of history
Smokey Point
West Arlington
Ceramic Tile Floors
Quality flooring throughout
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Listed 6 days ago · 212 views · 6 saves
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6 days on market
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$304/sqft
Price per square foot
Multi Family · Built 1969
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 8.02%! 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!
Based on current rates
Est. 6.19% rate · 30yr fixed · $1,480,000 loan
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3 schools rated nearby
Arlington, WA, 98223
17 events
18 years of records
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Arlington, WA • Snohomish County
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Based on information submitted to the MLS GRID as of 2026-04-07 07:03:29 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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