Property Details
703 Broadway Street
Arlington, WA 98223
$1,395,000
Active
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Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
In Town – Arlington
Listed
Jul 23, 2026
Structure Type
Quadruplex
Parcel Number
00461801500900
Tax & HOA
Annual Property Tax
$5,675 (2025)
Est. Monthly Tax
$473/mo
Financial Summary
Cap Rate
3.00%
Net Operating Income
$58,013
Gross Scheduled Income
$81,240
Gross Rent Multiplier
18.00
Total Expenses
$23,227
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
3,248
Leasable Area
3,248 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
10,019 sqft
Year Built
1967
Exterior & Lot
Lot Size
0.23 sqft
Year Built
1967
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Alley, Curbs, Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
1-5 Exit 208 to Arlington, East on 530. go thru Hwy-9 stop light, then left at round about onto Broadway 4 plex on right at the corner of Broadway and Gilman
Location
City
Arlington
County
Snohomish
Coordinates
48.19973, -122.12484
Additional Information
Tax Year
2025
Annual Taxes
$5,675
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:21 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
