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About the Listing 6301 - 103383
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!
Listing Highlights
Status
Active
Days on Site
5
Property Type
Multi-Family
MLS ®
2498475
Year Built
1969
Total Square Footage
6,084
Lot/Acreage
0.52
Interior Details
- Bedrooms: 12
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Ceramic Tile,Laminate,Vinyl Plank,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner Lot,Cul-De-Sac,Curbs,Dead End Street,Open Space,Paved,Sidewalk,Cable TV,Fenced-Partially,Patio,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 15
- Zoning: Multi-Family
- Roof: Composition
- Others: Brick,Cement/Concrete,Wood,Wood Products,Very Good
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $11,400
- Taxes w/Assessments: N/A
- Tax/Property ID: 01003500001000
- Tax Year: 2025
Payment Calculator
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Questions About..
17820 Smokey Point Boulevard Arlington, WA 98223
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