Arlington Homes with 56 - 10+ Units Style

Arlington Homes with 56 - 10+ Units Style

Welcome to Arlington, Washington – a charming city nestled in the heart of Snohomish County, where picturesque landscapes meet a vibrant community spirit. Known for its friendly atmosphere and stunning natural beauty, Arlington offers residents a perfect blend of suburban comfort and outdoor adventure.

Arlington boasts a variety of neighborhoods, each with its unique charm. From tree-lined streets to scenic parks, this city is ideal for families, professionals, and retirees alike. The local community is tightly knit, with numerous events and activities that foster a sense of belonging. Enjoy the annual Arlington Fly-In, where aviation enthusiasts gather to celebrate the rich history of flight, or explore the local farmer's market, which showcases the best of Washington's produce and artisanal goods.

When it comes to housing, Arlington offers a diverse selection of homes, including properties with 56 to 10+ units. These multi-family dwellings provide excellent investment opportunities, allowing for a robust rental market that attracts a variety of tenants. Whether you’re looking for a spacious apartment complex or a cozy townhouse, Arlington's real estate market has something for everyone.

The area is also conveniently located near major highways, making commutes to Seattle and Everett a breeze. With an abundance of parks, trails, and recreational activities, Arlington is perfect for those who love the outdoors. From hiking and biking to fishing and boating, the possibilities are endless.

Discover the charm of Arlington, where community, convenience, and natural beauty come together to create a truly special place to call home.

Newest Arlington Homes with 56 - 10+ Units Style

$7,300,000
2505434 MLS ⋅ ACTIVE Status
Portage Creek Apartments is a well-maintained 28-unit property located in Arlington, offering investors immediate rent growth with minimal execution risk. It has benefited from significant capital improvements, with 24/28 units already renovated featuring updated flooring, paint, cabinets, and CT. In addition, the exterior has been recently repainted, enhancing curb appeal and reinforcing the asset’s strong physical condition. Despite these upgrades, in-place rents remain below market, providing a clear opportunity to increase revenue without the need for further interior renovations. All units include in-unit W/D and feature large floor plans averaging 1,009 SF, a compelling differentiator in the local rental market. The unit mix is further enhanced by value-added amenities, including several units with attached garages and a total of 14 garages on site, 2 of which are currently utilized by ownership and offer immediate incremental income potential. Most units also feature expansive private decks, adding an outdoor living space that supports tenant retention and higher market rents. With a strong renovation base already in place, investors can focus on mark-to-market rent growth, selective completion of remaining upgrades if desired, and long-term optionality through future redevelopment potential via the excess parking area. Collectively, these attributes position the property as a high-quality asset with multiple, low-friction avenues for income growth and appreciation.

21125 81st Street NE, Arlington

Listing courtesy of Northmarq Multifamily, LLC.

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