Arlington Homes with 56 - 10+ Units Style

Welcome to Arlington, Washington – a hidden gem nestled in the heart of Snohomish County! This charming city combines the tranquility of suburban living with the vibrancy of outdoor adventure, making it a sought-after destination for families, professionals, and nature enthusiasts alike.

Arlington boasts a rich history and a strong sense of community, offering residents a warm and welcoming atmosphere. The downtown area is dotted with quaint shops, delightful cafes, and local eateries, providing a perfect backdrop for weekend strolls and gatherings with friends. With picturesque parks and scenic views of the surrounding mountains, outdoor enthusiasts can enjoy hiking, biking, and fishing in the nearby Stillaguamish River – a true paradise for those who love nature.

When it comes to housing, Arlington has a diverse range of options, particularly in the realm of multi-family homes. Whether you’re looking for a cozy duplex or a larger complex with 10+ units, the architectural styles here reflect both modern sensibilities and classic charm. Many of these homes are designed to foster community living, offering shared spaces that encourage neighborly connections while still providing the privacy of individual residences.

With its affordable real estate market and family-friendly environment, Arlington is an ideal choice for those seeking a balance between suburban comfort and easy access to urban amenities. Explore the possibilities of finding your dream home in this vibrant community, where every day feels like a breath of fresh air. Come discover what makes Arlington a wonderful 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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