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 tight-knit community, Arlington offers a perfect blend of suburban tranquility and easy access to urban amenities. With the stunning backdrop of the Cascade Mountains and the scenic Stillaguamish River, residents enjoy a wealth of outdoor activities, from hiking and fishing to biking along the serene trails.

Arlington's neighborhoods boast a diverse range of homes, including those with 56 to over 10 units. These multi-family residences cater to a variety of lifestyles, making them ideal for families, young professionals, and investors alike. The architectural styles are as varied as the residents themselves, offering everything from modern townhomes to classic duplexes, all designed to foster a sense of community and connection.

The city is not just about beautiful homes; it also features a vibrant downtown area filled with quaint shops, delightful eateries, and local art galleries. Residents can take advantage of the numerous parks and recreational facilities that invite families to gather and play. Arlington is also known for its excellent schools, making it a prime location for families looking to settle down.

Conveniently located just a short drive from Seattle and Everett, Arlington combines the best of both worlds: the serenity of small-town living with the excitement of city life. Whether you’re searching for a place to call home or an investment opportunity, Arlington's multi-family homes provide a unique chance to be part of this welcoming community. Come explore all that Arlington has to offer!

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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