$1,800,000 USD
503-200-2058
2819 E Evergreen Blvd
Vancouver, WA 98661
Hudson's Bay
HIGHLIGHTS
- Opportunity to acquire and advance a proposed 44-unit multifamily development in Vancouver, Washington, totaling approximately 31,193 residential rent
- Vancouver has experienced sustained long-term population growth, increasing by approximately 36% since 2000 to nearly 200,000 residents.
- Unit mix is weighted toward studios, one bedroom, and two-bedroom residences, supporting broad renter demand and efficient lease-up potential.
- Current zoning provides a potential path to permit up to 60 residential units, representing a 36% increase over the current 44-unit plan.
- Evergreen Lofts is located within a designated Opportunity Zone, creating potential tax-advantaged economics.
- Vancouver apartment rents generally range from approximately $1,750 to $1,865
FOR SALE DETAILS
PRICE
$1,800,000 USD
PRICE/SF
$1,645 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Evergreen Lofts Development Site
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1925
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
CC
APN/PARCEL ID
030945-000
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503-200-2058
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503-200-2058
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