206-826-5673
2404 SE 161st Ct, Vancouver, WA for Sale
Apartments - FOR SALE
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2404 SE 161st Ct
Vancouver, WA 98683
Cascade Park


HIGHLIGHTS

  • Blank-Slate Value-Add Opportunity
  • Affluent Neighborhood Demographics
  • Walkable Suburban Neighborhood
  • Strategic Location & Accessibility to Employment Drivers
  • First Time on the Market in 30 Years
  • #1 Fastest Growing City in the Pacific Northwest

OVERVIEW

Wildflower Apartments offers an investor the opportunity to acquire a well-positioned multifamily community in Vancouver, WA, within the highly desirable Mill Plain area near Portland’s metro region. This property features 186 units spread across approximately 167,400 square feet, providing a stable income base supported by strong local demand for quality rental housing. Built in 1992, the community includes functional layouts and attractive common areas, catering to consistent tenant occupancy. The property benefits from proximity to retail shopping centers, dining, and everyday services, along with easy access to SE 164th Avenue and WA-14, providing direct routes to downtown Vancouver and Portland International Airport. Vancouver continues to experience economic and population growth, supporting long-term rental demand. This asset offers a favorable position for investors seeking stable cash flow and potential upside through unit renovations or operational improvements.

FOR SALE DETAILS

PRICE

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# OF UNITS

186

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wildflower Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

346

LAND DETAILS

LAND ACRES

10 AC

LAND SF

435,600 SF

ZONING

MG

APN/PARCEL ID

121924-000

ASK ABOUT THIS PROPERTY

Melissa FlemingMarcus & MillichapMore Info
206-826-5673

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Melissa FlemingMarcus & MillichapMore Info
206-826-5673

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.