Arlington Homes with 56 - 10+ Units Style

Welcome to Arlington, Washington – a hidden gem nestled in the heart of Snohomish County. Known for its picturesque landscapes and vibrant community, Arlington offers an inviting blend of small-town charm and modern conveniences. This thriving city is surrounded by breathtaking views of the Cascade Mountains and lush greenery, making it an ideal location for nature enthusiasts and families alike.

Arlington is characterized by its friendly neighborhoods, where residents enjoy a strong sense of community and an array of local amenities. The downtown area is bustling with unique shops, delightful cafes, and restaurants that serve up delicious local fare. Parks and recreational facilities abound, providing ample opportunities for outdoor activities, from hiking and biking to picnicking and sports.

When it comes to housing, Arlington boasts a diverse array of homes, particularly those with 56 to 10+ unit styles. Whether you’re seeking a multi-family investment property or a spacious residence for your growing family, Arlington’s real estate market has something to offer for everyone. These properties not only provide ample living space but also present an opportunity for community engagement and shared experiences.

With its excellent schools, easy access to major highways, and proximity to Seattle and Everett, Arlington is a fantastic location for commuters and families looking for a peaceful retreat without sacrificing convenience. Whether you’re looking to settle down or invest, Arlington is a place where you can truly feel at home. Come explore the warmth and charm of Arlington, where your dream home awaits!

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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