703 Broadway Street, Arlington, WA 98223

$1,395,000
3,248
SqFt

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Listing courtesy of NextHome PNW Realty.

List Price
$1,395,000
Status
ACTIVE
MLS#
2553843
Days on Market
3
Style
54 - 4-Plex
Building Condition
Very Good
Finished SqFt
3,248
Area Total SqFt
3248
Annual Tax Ammount
5675
Lot Size (sq ft)
10,019
Sewer
Sewer Connected

Property Description

Investor Opportunity! Existing income-producing fourplex located in Arlington’s OTBD-3, Old Town Business district. Current zoning permits multifamily apartments, townhouses, rowhouses and mixed-use development, subject to City approval and applicable parking, access, utility and development standards. Approximately 10,019-square-foot lot with eight existing parking spaces and additional site area offering potential for expansion or future redevelopment. Buyer to verify all development possibilities with the City of Arlington.

Additional Information

List Date
2026-07-24 03:14:13
Community
In Town - Arlington
Net Operating Income
$58,013
Gross Adjusted Income
$81,240
Gross Scheduled Income
$81,240
Total Monthly Income
$6,770
Insurance Expenses
$3,189
Water/Sewer/Garbage Expenses
$5,500
Gross Rent Multiplier
18
Total Expenses
$23,227
Cap Rate
3
Vacancy Rate
2
Total Number of Units
4
Unit Name
703
Potential Terms
Cash, Conventional
Year Built
1967
View
Territorial
Roof
Composition
Site Features
Deck
Electric Expenses
1151
Other Expenses
7712
Energy Source
Electric
School District
Arlington
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$6,770
Gross Scheduled Income
$81,240
Vacancy Rate
2
Gross Adjusted Income
$81,240
Tax Year
2025
Insurance Expense
$3,189
W/S/G Expenses
$5,500
Total Expenses
$23,227
Net Operating Income
$58,013
Gross Rent Multiplier
18
Cap Rate
3
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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