6405 NE Hazel Dell Ave - Apartments FOR SALE


Vancouver, WA 98665- West Hazel Dell
$8,100,000 USD
503-200-2026
6405 NE Hazel Dell Ave, Vancouver, WA for Sale
$8,100,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

6405 NE Hazel Dell Ave
Vancouver, WA 98665
West Hazel Dell


OVERVIEW

- Interior renovations Tied to Measurable Rent Deltas: Targeted upgrades—LVP flooring, appliance packages, cabinet fronts/hardware, lighting/plumbing trims, paint—can move Greentree closer to competitive pre-1989 peers while remaining materially below post-1990 and new stock. - In-Unit Laundry Where Feasible (2BR focus): If existing hook-ups are verified, adding stacked W/Ds in 2BRs typically supports outsized premiums and reduces turnover; where not feasible, offer rentable W/ Ds or enhanced laundry facilities to capture ancillary income. - Activate the Common Area: Convert the underutilized open space into a fitness + lounge + outdoor social node. Amenity activation supports rent premiums on larger plans, improves leasing optics, and creates a differentiated experience versus un-amenitized vintage peers. - Professional Management & Marketing: Vancouver continues to attract population growth driven by its affordability, healthcare employment base, and desirable lifestyle. Investors benefit from a lower cost basis and higher cap rates relative to more urbanized metros, without sacrificing long-term demand fundamentals. - Expense Discipline & CapEx Sequencing: With roofs and decks addressed, sequence interiors and amenities first to accelerate NOI growth; follow with curb appeal (landscape, signage, paint) to sustain pricing power.

FOR SALE DETAILS

PRICE

$8,100,000 USD

PRICE/SF

$135 USD /SF

# OF UNITS

67

PRICE/UNIT

$120,896

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Green Tree Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

80

LAND DETAILS

LAND ACRES

3.47 AC

LAND SF

151,153 SF

ZONING

R-

APN/PARCEL ID

147706-000

ASK ABOUT THIS PROPERTY

Aiden SusakMarcus & MillichapMore Info
503-200-2026

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Aiden SusakMarcus & MillichapMore Info
503-200-2026

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