Arlington Homes with 56 - 10+ Units Style

**Discover Arlington, WA: A Hidden Gem in Snohomish County**

Nestled in the picturesque landscapes of Snohomish County, Arlington, Washington, is a charming city that beautifully blends small-town warmth with modern conveniences. With its stunning views of the Cascade Mountains and the serene Stillaguamish River, Arlington offers a backdrop that is both scenic and inviting. Known for its rich history and community spirit, this vibrant city is a perfect place for families, retirees, and outdoor enthusiasts alike.

Arlington boasts a variety of homes that cater to diverse lifestyles, including unique properties with 56 to 10+ units. These multi-family homes provide an excellent opportunity for investors and those looking to create a sense of community. Whether you’re interested in a well-established apartment complex or a newer development, Arlington’s multi-unit properties offer the potential for steady rental income and a chance to be part of the city’s growth story.

Residents enjoy easy access to a plethora of amenities, including local shops, parks, and recreational activities. The city is also conveniently located near major highways, making commuting to nearby Seattle or Everett a breeze. With its friendly atmosphere, excellent schools, and a strong sense of community, Arlington is not just a place to live; it’s a place to thrive.

If you’re considering a move or an investment in Arlington, you’ll find a welcoming community and a variety of housing options that make this charming city a true hidden gem in Washington State. Come explore the possibilities that await you in Arlington!

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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