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Listing Firm: Realty One Group Enterprise: Kevin Zellmer

Bought With: Westlake Associates, Inc. : Allan Friedman

SOLD On March 31, 2021
NWMLS # 1633311

$620,000

  • Sold Price
  • - Beds
  • - Baths
  • - Sq.ft.

127 N Olympic Avenue , Arlington, WA 98223

Listings with the three tree icon are courtesy of NWMLS

About This Property

ATTENTION Multi Family, Investors and Commercial Business Owners & Retail Investors. Here is a golden opportunity for a fully permitted build out of 5 apartment units & 2-3 retail spaces. This is over 5500+ sqft with the added sqft build out and projected ARV of $1.3M+ which is only $235 per sqft for prime Real Estate in DT! Permits have all been approved & conceptual design will make it one of the best buildings in DT Arlington. Currently 2 tenants retail & resident that will not effect renovation. Demo is done & cleaned up ready for you to start renovation. Projected CAP Rate brings you to almost to 9% & collect income while building out this amazing property. Cash or hard money clsoing must be done by 3/30/21

Buyer's Agent: Allan Friedman • Westlake Associates, Inc.

Listed by: Kevin Zellmer • Realty One Group Enterprise

Aris360 Last Checked: 6 Minutes Ago (Jul 23, 2025 07:45 PM)

  • Source: NWMLS as Distributed by MLS Grid #1633311

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Olympic
  • Zip/Postal Code: 98223
  • City: Arlington

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Property Features

  • County
    • Arlington
  • Community
    • _770NorthwestSnohom
  • MLS Area
    • _770NorthwestSnohom
  • Longitude
    • -122.126122
  • Latitude
    • 48.193233
  • Directions
    • I-5 North to exit 208 east on HGWY 530, cross hgwy 9, through roundabout to stop sign at Olympic Ave. If you come up from Airport take left and over railroad tracks and follow to DT Center

  • Interior
    • Concrete
    • Hardwood
    • Wall to Wall Carpet
  • Floors
    • Concrete
    • Hardwood
    • Carpet
  • Power Production Type
    • Electric
    • Natural Gas
  • Furnished
    • Unfurnished

  • Style
    • 60 - Comm Bldg Und 10K
  • Foundation
    • Poured Concrete,
  • Topography
    • Level
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Brick
    • Cement/Concrete
    • Wood
    • Wood Products
  • Roof
    • Composition,
    • Flat,
    • Torch Down,
  • Septic or Sewer
    • Sewer Connected,
  • Water
    • City of Arlington
  • Building Total Area (Sq. Ft.)
    • 4356
  • Utilities
    • Sewer Connected,
    • Electric,
    • Natural Gas Connected,

  • Possession
    • Closing,
  • Property Type
    • Commercial Sale
  • Property SubType
    • Commercial Industrial
  • Tax Year
    • 2020
  • Structure Type
    • Land,
  • Tax Amount
    • $5576
  • Year Built
    • 1945
  • Effective Year Built
    • 2000
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Wed Jul 23 2025 . 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.

Jul 23, 2025 07:45 PM