2615 Neals Ln - Apartments FOR SALE


Vancouver, WA 98661- Fourth Plain Village
$9,850,000 USD
360-901-2317
2615 Neals Ln, Vancouver, WA for Sale
$9,850,000 USD
Apartments - FOR SALE
1/14
null | 6.3% Cap Rate

2615 Neals Ln
Vancouver, WA 98661
Fourth Plain Village


HIGHLIGHTS

  • 2.5 Acres, Park Setting, 15 brand new units, 35 upgraded units, fully leased

OVERVIEW

* 1 two-bedroom House * 34 two-bedroom Duplexes (Approx. 800 SF/unit in 17 buildings built in 1970) * 15 one-bedroom Apartments (Approx. 550 SF/ unit in one building completed in 2025) * Office Space (Approx. 1700 SF used by owner) * Maintenance & Storage ( Approx. 2500 SF used by owner) * Approx. 2.78 acres of land in two tax lots (0.49 and 2.29 acres) * Over $800,000 of improvements, brand new roof on all units

FOR SALE DETAILS

PRICE

$9,850,000 USD

PRICE/SF

$287 USD /SF

# OF UNITS

50

PRICE/UNIT

$197,000

CAP RATE

6.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cedar Park Community

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

85

LAND DETAILS

LAND ACRES

2.79 AC

LAND SF

121,532 SF

ZONING

R-18

APN/PARCEL ID

030446-000,030452-000

ASK ABOUT THIS PROPERTY

IZAD KHORMAEEClark County Realty GroupMore Info
360-901-2317

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

IZAD KHORMAEEClark County Realty GroupMore Info
360-901-2317

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