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8-Unit Multifamily Opportunity with Excess La 10327-10337 NE Fourth Plain Blvd 8 Unit Apartment Building $1,179,000 ($147,375/Unit) 6.69% Cap Rate Vancouver, WA 98662
Investment Highlights
- Large 1.17-Acre Site
- Value-Add Through Renovation and Lease-Up
- Recent Capital Improvements
- General Commercial Zoning
- Diverse Unit Mix
Executive Summary
The property consists of 8 total units across three residential structures on a 1.17-acre parcel with frontage along NE Fourth Plain Boulevard, one of East Vancouver’s primary commercial corridors. The asset offers a lower density site plan than many competing multifamily assets and presents a rare small-balance repositioning opportunity. Several units are occupied and generating income, while others are vacant and require varying degrees of improvement before re-lease - allowing a buyer to phase capital expenditures rather than immediately displacing the entire rent roll.
Property Facts
| Price | $1,179,000 | Apartment Style | Low-Rise |
| Price Per Unit | $147,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.17 AC |
| Cap Rate | 6.69% | Building Size | 5,168 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | ||
| Zoning | GC - General Commerciai - designed to accommodate a broad range of high-intensity commercial uses that serve large, regional areas and the traveling publi | ||
| Price | $1,179,000 |
| Price Per Unit | $147,375 |
| Sale Type | Investment |
| Cap Rate | 6.69% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.17 AC |
| Building Size | 5,168 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Zoning | GC - General Commerciai - designed to accommodate a broad range of high-intensity commercial uses that serve large, regional areas and the traveling publi |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
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8-Unit Multifamily Opportunity with Excess La | 10327-10337 NE Fourth Plain Blvd
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