18010 31st Avenue NE, Arlington, WA 98223

$849,888
2,799
SqFt

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Listing courtesy of John L. Scott Arlington.

List Price
$849,888
Status
ACTIVE
MLS#
2560184
Days on Market
39
Style
52 - Duplex
Building Condition
Good
Finished SqFt
2,799
Area Total SqFt
2799
Annual Tax Ammount
6498.71
Lot Size (sq ft)
11,761
Sewer
Sewer Connected

Property Description

{50k Price Reduction, A true Must See Opportunity!} Exceptional investment opportunity with a 6.5% cap rate and no HOA! This well-maintained duplex offers strong income potential and numerous improvements throughout. Unit A was extensively updated in 2021 with interior paint, trim, doors, vanities, flooring, granite and quartz countertops, appliances, washer/dryer, and a new garage door. Unit B was enhanced in 2025 with a freshly painted kitchen and new quartz countertops, along with new granite and quartz countertops in the upstairs bathrooms. A newer washer and dryer are also included. Both units have been well cared for and offer desirable updates that appeal to tenants and owners alike. Enjoy a cozy fireplace insert, fully fenced yard, and all appliances included. Conveniently located near shopping, medical facilities, parks, and easy I-5 access. A fantastic addition to any investment portfolio with proven income potential and a highly convenient location.

Additional Information

List Date
2026-06-17 23:43:12
Community
Arlington
Net Operating Income
$58,303
Gross Adjusted Income
$67,800
Gross Scheduled Income
$67,800
Total Monthly Income
$5,650
Insurance Expenses
$2,997
Gross Rent Multiplier
13.3
Total Expenses
$9,496
Cap Rate
6.5
Vacancy Rate
50
Total Number of Units
2
Unit Name
18010
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
2006
View
Territorial
Roof
Composition
Site Features
Fenced-Fully, Patio
Energy Source
Electric, Natural Gas
School District
Lakewood
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$5,650
Gross Scheduled Income
$67,800
Vacancy Rate
50
Gross Adjusted Income
$67,800
Tax Year
2026
Insurance Expense
$2,997
Total Expenses
$9,496
Net Operating Income
$58,303
Gross Rent Multiplier
13.3
Cap Rate
6.5
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.
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