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17820 Smokey Point Boulevard, 
Arlington, WA 98223

$1,850,000


Bed


Bath


6,084

Sq Ft


Multi-Family

Active

Listed by

Kevin Zellmer

Realty One Group Enterprise

Last updated:

April 20, 2026, 12:21 AM

MLS#

2498475

Source:

NWMLS

About This Home

17820 Smokey Point Boulevard

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!

Home Facts

Multi-Family

Built in 1969

Price Summary

1,850,000

$304 per Sq. Ft.

MLS #:

2498475

Last Updated:

April 20, 2026, 12:21 AM


Rooms & Interior

Interior

Living Area:

6,084 Sq. Ft.


Structure

Structure

Building Area:

6,084 Sq. Ft.

Year Built:

1969


Lot

Lot Size (Sq. Ft):

22,651


Finances & Disclosures

Finances

Price:

$1,850,000

Price per Sq. Ft:

$304 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of April 21, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.