9700-9816 NE 76th Way - Apartments FOR SALE


Vancouver, WA 98662- Orchards Area
$5,000,000 USD
971-717-6351
9700-9816 NE 76th Way, Vancouver, WA for Sale
$5,000,000 USD
Apartments - FOR SALE
1/38
null | 5.11% Cap Rate

9700-9816 NE 76th Way
Vancouver, WA 98662
Orchards Area


OVERVIEW

HFO is pleased to present Covington Manor Townhomes, a rare opportunity to acquire a 14-unit townhome community built in 2017 in Vancouver, Washington's highly desirable Orchards submarket. Comprised entirely of spacious three-bedroom, two-and-a-half-bath townhomes averaging 1,423 square feet, each residence features an attached garage, in-unit washer and dryer, granite countertops, stainless steel appliances, and modern finishes that provide residents with the comfort and functionality of single-family living. The property's newer construction minimizes near-term capital expenditure requirements while offering investors a stable, low-maintenance asset with strong long-term ownership appeal. Located just minutes from major employers, retail amenities, and convenient access to I-205 and SR-500, Covington Manor benefits from sustained rental demand driven by Clark County's continued population growth and Washington's favorable tax environment. An additional differentiator is the property's unique ownership structure, with each townhome situated on its own separately deeded parcel, providing future flexibility to sell the asset as a single investment, in phased tranches, or as individual homes to maximize value over time. Covington Manor represents an exceptional opportunity to acquire a high-quality, institutional-caliber multifamily investment offering durable cash flow, limited operational burden, and multiple avenues for future value creation.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

14

PRICE/UNIT

$357,143

CAP RATE

5.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Covington Manor Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,858 SF

ZONING

MG

APN/PARCEL ID

986026-705,986026-706,986026-707,986026-708,986026-709,986026-710,986026-711,986026-712,986026-713,986026-714,986026-715,986026-716,986026-717,986026-718

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.