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Listed by Kevin Zellmer • Realty One Group Enterprise.
FOR SALE

$1,879,000

Est. $10,408/mo

Price increased $29,000 from the original $1,850,000 asking price

6,084 sq ft

17820 Smokey Point Boulevard, Arlington, WA 98223

• Listed Mar 31, 2026•169 days active · 169 cumulative

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Listing Broker: Realty One Group Enterprise; Kevin Zellmer; 425-213-7880; Kevin.zellmer71@gmail.com

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Listing Broker: Realty One Group Enterprise; Kevin Zellmer; 425-213-7880; Kevin.zellmer71@gmail.com

About this home

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!

Property type
Single Family
Year built
1969
Interior
6,084 sq ft
Lot size
0.52 acres
Parking
None
Price / sq ft
$309
HeatingBaseboard
CoolingNone
Property taxes$11,400/yr (est.)
School districtLakewood

Listed by Kevin Zellmer • Realty One Group Enterprise

Listing updated: September 21, 2026 at 03:28pm

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2498475

Around this home

RexMont OfferEdge™

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17820 Smokey Point Boulevard, Arlington, WA 98223

List price
$1,879,000
Down payment
$375,800

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Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.

Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.

Property details

Layout

  • 5-9 Units

Flooring

  • Ceramic Tile
  • Laminate
  • Vinyl Plank
  • Carpet

Heating & cooling

  • Baseboard heating
  • None cooling

Schools

Ratings via SchoolDigger

Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.

Multi-family facts

As entered by the listing broker on Northwest MLS

Units

Total units
6
Units in building
6
Units below grade
false
Building square feet
6,084 sq ft

Income & expenses

Gross scheduled income
$140,820
Total monthly income
$11,735
Gross adjusted income
$140,820
Net operating income
$115,820
Cap rate
6.3%
Gross rent multiplier
13.14
Total expenses
$25,000
Insurance
$5,485
Water / sewer / garbage paid by
8115

Parking & storage

Parking spaces
15
Uncovered parking
15

Taxes & assessment

Annual taxes
$11,400
Tax year
2025
Financing
Cash, Conventional

Neighborhood mobility

Doorstep, Pedal & Station Scores

Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.

Ground Truth™

The ground, the slope, the flood zone and the noise at this address

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The members' report

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Sales & Tax Records for 17820 Smokey Point Boulevard

NWMLS via MLS Grid · Snohomish County Assessor

Every listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.

  1. Sep 21, 2026
    Price raised
    NWMLS via MLS Grid · #2498475
    $1,879,000
    $309/sq ft
  2. Mar 31, 2026
    Listed
    NWMLS via MLS Grid · #2498475
    $1,850,000
    $304/sq ft

Mortgage payment forecast

$11,828 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

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Plan your offer with a RexMont buyer specialistWalk through escalation strategy, contingencies, and competing-offer risk in this neighborhoodCompare loan options30-yr fixed, 15-yr, FHA, VA, jumbo

Source: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.

Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.

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Listing Broker: Realty One Group Enterprise; Kevin Zellmer; 425-213-7880; Kevin.zellmer71@gmail.com

Market pulse

Arlington is a balanced market.

Supply and demand are roughly in balance. Neither side has a clear edge.

Buyer's marketSeller's market

  • Offer insight: Well-priced homes draw multiple offers; others sell close to asking.

  • List to sale price: The average home sells very close to list price.

  • Time on market: The average home goes pending in around 57 days.

Recent sales nearby

Within 1 mile · last 6 months

  • $485,000 Sold

    3 days ago

    2 bd•1.75 ba•~1,508 sq ft•Single Family

    18621 Smokey Point Boulevard, Arlington, WA 98223

    2%

    Over list

    154

    Days on market

    0.5 mi

    Distance

  • $700,000 Sold

    1 week ago

    5 bd•3.5 ba•~3,167 sq ft•Single Family

    18915 42nd Drive NE, Arlington, WA 98223

    0%

    Over list

    86

    Days on market

    0.8 mi

    Distance

Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.

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Market data from MLS GRID / NWMLS · Updated Oct 2026

Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.

MLS GRID Disclaimer

Based on information submitted to the MLS GRID as of October 17, 2026 at 4:05 AM PT (date and time MLS GRID Data was obtained). 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 courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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