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Listing courtesy of NWMLS / Westland Realty

17820 Smokey Point Boulevard

Arlington, WA 98223

– beds
– baths
6,084 sqft
~1/2 acre lot
$271 per sqft
2000 build

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.

Listing courtesy of NWMLS / Westland Realty

Last checked: Checking… • Last updated Apr 28, 2025 •

MLS# 2366135 —

The Building

Year Built:

1969
Year Built:

2000
Year Built Source:

See Remarks
New Construction:

false
Building Name:

Carola Addition
Structure Type:

Multi Family
Roof:

Composition
Foundation Details:

Slab
Exterior Features:

Wood Products
Units In Building Total:

6
# of Units Total:

6
Stories Total:

1
Building Area Total:

6084
Building Area Units:

Square Feet
Calculated SqFt:

6084
SqFt Source:

County
Construction Materials:

Wood

Interior

Interior Features:

Wall to Wall Carpet
Flooring:

Vinyl Plank, Carpet
Fireplace:

false

Financial & Terms

Possession:

Closing

Location

Latitude:

48.1584
Longitude:

-122.183552
Directions:

West from I-5 on 172nd St NE/SR 531 left on Smokey Point Blvd, left on 178th Pl NE.

The Property

Property Type:

Residential Income
Property Subtype:

Multi Family
Property Condition:

Good
Parcel Number:

010035000100
Lot Number:

10
Lot Features:

Corner Lot, Curbs, Paved, Sidewalk
Lot Size Units:

Square Feet
Lot Size Acres:

0.52
Lot Size SqFt:

22651
Lot Size Source:

County
Zoning Description:

Commercial,Multi-Family
Zoning Jurisdiction:

County
View:

false
Waterfront:

false
Possible Use:

Commercial, Multi-Family
Additional Parcels Description:

2937823
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

10647

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Baseboard

Utilities

Sewer:

Sewer Connected
Water Sewer Garbage:

6600

Schools

High School District:

Lakewood

The Community

Subdivision Name:

Smokey Point
Senior Community:

false
Association:

false

Parking

Parking Total:

16
Parking Uncovered Spaces:

16
Open Parking:

true
Open Parking Spaces:

16
Carport:

false

Listing courtesy of NWMLS / Westland Realty

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Mon Apr 28 2025 05:56 PM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

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Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/28/25 Apr 28, 2025	Listed / Active	NWMLS	$1,650,000

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This multifamily located in West Arlington, Arlington, WA 98223 is currently for sale for $1,650,000. 17820 Smokey Point Boulevard is a 6,084 square foot multifamily with – beds and – baths. 17820 Smokey Point Boulevard is in the West Arlington neighborhood of Arlington and has a WalkScore® of 51, making it somewhat walkable. This multifamily is in the attendance area of Lakewood High School.

Listing courtesy of NWMLS / Westland Realty

Disclaimer: The information contained in this listing has not been verified by Westland Realty and should be verified by the buyer.