5750 NE 34th St - Apartments FOR SALE


Vancouver, WA 98661- Bagley Downs
$4,750,000 USD
971-717-6351
5750 NE 34th St, Vancouver, WA for Sale
$4,750,000 USD
Apartments - FOR SALE
1/32
null | 5.72% Cap Rate

5750 NE 34th St
Vancouver, WA 98661
Bagley Downs


OVERVIEW

» Exceptional Modern Construction Drives Long-Term Stability. 2018 build with low-maintenance systems, large 3BR layouts, and modern finishes that consistently attract qualified renters. » Three-Bedroom Unit Mix Maximizes Demand. Twenty spacious 3BR units serve an underserved segment of the Vancouver market, supporting strong occupancy and durable rent levels. » Attractive Assumable Debt and Tax Abatement Enhance Returns. Favorable in-place financing and tax incentives provide immediate economic advantages, improving cash flow and reducing the cost of capital. » Well-Located Vancouver Asset with Operational Upside. Newer construction, efficient layouts, and tenant-preferred features create opportunities for strategic rent optimization and improved NOI. » Turnkey Living Experience with High Resident Appeal. In-unit laundry, pet-friendly policies, updated interiors, and off-street parking deliver a convenient, competitive renter offering. » Modern Design Strengthens Positioning in the Submarket. Contemporary finishes, open floor plans, and well-maintained common areas offer a superior resident experience compared to older nearby stock.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

20

PRICE/UNIT

$237,500

CAP RATE

5.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

34th Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2018

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

R-30

APN/PARCEL ID

029473-072

ASK ABOUT THIS PROPERTY

Todd TullyHFO Investment Real EstateMore Info
971-717-6351

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Todd TullyHFO Investment Real EstateMore Info
971-717-6351

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