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JRJeff ReynoldsCompass · Seattle

Listed by Kevin Zellmer, Realty One Group Enterprise

6,084
Square feet
$309
Per sq ft
Multi Family
Type
1969
Year built
22,651 sq ft
Lot
123
Days on market

About this property

NEW RENOVATIONS and at Market Rate Rents after 2 units kitchen remodels, 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 & 2 of the 6 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 w/ playground & athletic areas. Huge retail Mall Plaza, Target, Costco, Retail and Restaurants just minutes away!

Location & commute

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Directions

Property details

Listing details

Listing number
#2498475
Listed
March 31, 2026
Days on market
123
Price per sq ft
$309
Original list price
$1,850,000

Unit & building

Stories in building
1
Units in building
6

Parking

Total spaces
15

Construction

Year built
1969
Style
55 - 5-9 Units
Structure
Multi Family
Roof
Composition

Heating & cooling

Heating
Baseboard
Cooling
None
Energy source
Electric

Flooring

Flooring
Ceramic TileLaminateVinyl PlankCarpet

Lot

Lot features
Corner LotCul-De-SacCurbsDead End StreetOpen SpacePavedSidewalk
Lot size
22,651 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
Public
Sewer
Sewer Connected
Power
Tenants Pay

Schools

District
Lakewood

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Multi Family
  • Composition
  • Baseboard
  • None
  • Electric
  • Ceramic Tile
  • Laminate
  • Vinyl Plank
  • Carpet
  • Corner Lot
  • Cul-De-Sac
  • Curbs

Listing history

  1. Listed

    $1,850,000

    March 31, 2026

  2. Current price

    $1,879,000

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$10,942

Principal & interest
$9,501
Property tax (est.)
$1,441

Assumes $375,800 down (20%), a $1,503,200 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of September 1, 2026 at 5:01 PM 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.