Log In/Sign Up
Your email has been sent.
Red Brick Apartments 11205-11307 NE 49th St 20 Unit Apartment Building $3,100,000 ($155,000/Unit) 7.16% Cap Rate Vancouver, WA 98682
EXECUTIVE SUMMARY
20-unit community in Vancouver’s North Image neighborhood. Featuring fenced backyards, laundry hookups, and a quiet residential setting close to parks, schools, shopping, and transit. Strong tenant demand makes this an easy, stable investment.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$361,200
|
$11.68
|
| Other Income |
$665
|
$0.02
|
| Vacancy Loss |
$18,060
|
$0.58
|
| Effective Gross Income |
$343,805
|
$11.11
|
| Taxes |
$33,760
|
$1.09
|
| Operating Expenses |
$88,132
|
$2.85
|
| Total Expenses |
$121,892
|
$3.94
|
| Net Operating Income |
$221,913
|
$7.17
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $361,200 |
| Annual Per SF | $11.68 |
| Other Income | |
|---|---|
| Annual | $665 |
| Annual Per SF | $0.02 |
| Vacancy Loss | |
|---|---|
| Annual | $18,060 |
| Annual Per SF | $0.58 |
| Effective Gross Income | |
|---|---|
| Annual | $343,805 |
| Annual Per SF | $11.11 |
| Taxes | |
|---|---|
| Annual | $33,760 |
| Annual Per SF | $1.09 |
| Operating Expenses | |
|---|---|
| Annual | $88,132 |
| Annual Per SF | $2.85 |
| Total Expenses | |
|---|---|
| Annual | $121,892 |
| Annual Per SF | $3.94 |
| Net Operating Income | |
|---|---|
| Annual | $221,913 |
| Annual Per SF | $7.17 |
PROPERTY FACTS Under Contract
| Price | $3,100,000 | Building Class | C |
| Price Per Unit | $155,000 | Lot Size | 1.54 AC |
| Sale Type | Investment | Building Size | 67,082 SF |
| Cap Rate | 7.16% | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 0.3/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-18 | ||
| Price | $3,100,000 |
| Price Per Unit | $155,000 |
| Sale Type | Investment |
| Cap Rate | 7.16% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.54 AC |
| Building Size | 67,082 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 0.3/1,000 SF |
| Zoning | R-18 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 18 | $1,495 | 1,024 - 18,432 |
| 3+1 | 2 | $1,595 | 1,184 - 2,368 |
1 1
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $2,723,864 | |
| Land Assessment | $670,824 | Annual Taxes | $33,760 ($0.50/SF) |
| Improvements Assessment | $2,053,040 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$670,824
Improvements Assessment
$2,053,040
Total Assessment
$2,723,864
Annual Taxes
$33,760 ($0.50/SF)
Tax Year
2025
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Red Brick Apartments | 11205-11307 NE 49th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.