Arlington Homes with 56 - 10+ Units Style

Welcome to Arlington, Washington, a charming city nestled in the heart of Snohomish County! Known for its picturesque landscapes and friendly community, Arlington offers a perfect blend of small-town charm and modern amenities. With the majestic Cascade Mountains as a backdrop and the serene Stillaguamish River winding through the area, residents enjoy breathtaking views and abundant outdoor activities year-round.

Arlington's neighborhoods are diverse, featuring a range of homes that cater to various lifestyles. Among these are properties with 56 to over 10 units, ideal for investors looking to tap into the thriving rental market or for those seeking multi-family living solutions. These homes are strategically located within easy reach of local schools, parks, and shopping centers, making them perfect for families and individuals alike.

The community is rich in history and culture, with a vibrant downtown area that hosts a variety of shops, restaurants, and seasonal events. Whether you're strolling through the Arlington Farmer’s Market or enjoying a local festival, there’s always something happening that brings neighbors together.

Arlington is also conveniently located near major highways, providing quick access to Seattle and Everett for those commuting for work or leisure. With its excellent schools, safe neighborhoods, and a strong sense of community, Arlington is not just a place to live; it's a place to thrive. Come discover your new home in this beautiful, welcoming city!

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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