2610 R St - Apartments FOR SALE


Vancouver, WA 98663- Rose Village
$7,995,000 USD
503-998-7413
2610 R St, Vancouver, WA for Sale
$7,995,000 USD
Apartments - FOR SALE
1/19
null | 5.49% Cap Rate

2610 R St
Vancouver, WA 98663
Rose Village


OVERVIEW

Introducing St. John’s Park Apartments, a 45-unit community located in Vancouver, WA, offering spacious two-bedroom floorplans across a well-maintained complex. St. John’s Park offers investors a rare opportunity to acquire a stabilized asset with immediate upside. Units have been renovated with modern finishes—including granite countertops, hardwood-style flooring, and updated cabinetry—leaving 9 classic units ready for interior upgrades and rent increases. With an average in-place rent of $1,412 and comps achieving up to $1,595, there’s clear potential to bridge the delta. With over $600,000 in recent capital improvements, St. John’s Park delivers both operational stability and upside in one of the Portland-Vancouver MSA’s most accessible submarkets. Ideally situated in Clark County, St. John’s Park offers excellent access to regional employers, education, and recreational opportunities. The property is just three minutes from Clark College—southwest Washington’s largest higher education institution—and within ten minutes of the vibrant Vancouver Waterfront Park. With quick access to major highways, public transit, and a wide array of nearby retail and dining options, residents enjoy easy connectivity and lifestyle convenience. The property’s proximity to the Columbia River Gorge, local greenspaces, and abundant outdoor amenities further enhances its appeal to renters and supports long-term investment stability.

FOR SALE DETAILS

PRICE

$7,995,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

45

PRICE/UNIT

$177,667

CAP RATE

5.49%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

St John's Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

R-30

APN/PARCEL ID

021970-000

ASK ABOUT THIS PROPERTY

Rob MartonHFO Investment Real EstateMore Info
503-998-7413

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Rob MartonHFO Investment Real EstateMore Info
503-998-7413

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