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1911 Broadway St 8 Unit Apartment Building $4,159,900 ($519,988/Unit) 4.20% Cap Rate Vancouver, WA 98663

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INVESTMENT HIGHLIGHTS

  • 8 Move In-Ready, Never Occupied Units
  • Modern, Open-Floor Plan Style
  • 6 Dedicated Parking Spaces
  • Private, Fenced Patio Spaces off Each Unit

EXECUTIVE SUMMARY

Investor Opportunity: This brand-new 8-plex at 1911 Broadway St in Vancouver’s desirable Arnada neighborhood offers a rare opportunity for investors seeking strong cash flow and long-term appreciation. Never before occupied, all units are fully vacant and ready for tenants, allowing for immediate leasing and optimized rental income. Each unit is thoughtfully designed with modern layouts, high-efficiency electric fireplaces, gourmet kitchens with stainless steel appliances, solid surface countertops, and oversized sliding glass doors leading to private patios. Tenants will enjoy mini-split heating and air conditioning for year-round comfort and dedicated in-unit laundry spaces, enhancing convenience and desirability. The property includes 6 designated parking spaces, providing ease of access and daily convenience for tenants. Located in the heart of the Arnada neighborhood, residents have access to Arnada Park, local coffee shops, restaurants, boutique retail, and convenient transit options including bus routes and MAX light rail stations. Open layouts, private patios, and modern finishes make these units highly attractive to prospective renters. With its new construction, move-in readiness, tenant-focused amenities, and prime location, this 8-plex offers investors a turnkey opportunity for strong rental income and long-term appreciation. Rental income and expenses are approximated. Buyer to perform all due diligence regarding projected rental cashflow.

FINANCIAL SUMMARY (PRO FORMA - 2026)

ANNUAL ANNUAL PER SF
Gross Rental Income $247,200 $31.43
Other Income $1,800 $0.23
Vacancy Loss $8,652 $1.10
Effective Gross Income $240,348 $30.56
Taxes $45,759 $5.82
Operating Expenses $19,736 $2.51
Total Expenses $65,495 $8.33
Net Operating Income $174,853 $22.23

FINANCIAL SUMMARY (PRO FORMA - 2026)

Gross Rental Income
Annual $247,200
Annual Per SF $31.43
Other Income
Annual $1,800
Annual Per SF $0.23
Vacancy Loss
Annual $8,652
Annual Per SF $1.10
Effective Gross Income
Annual $240,348
Annual Per SF $30.56
Taxes
Annual $45,759
Annual Per SF $5.82
Operating Expenses
Annual $19,736
Annual Per SF $2.51
Total Expenses
Annual $65,495
Annual Per SF $8.33
Net Operating Income
Annual $174,853
Annual Per SF $22.23

PROPERTY FACTS

Price $4,159,900
Price Per Unit $519,988
Sale Type Investment or Owner User
Cap Rate 4.20%
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.16 AC
Building Size 7,866 SF
Average Occupancy 0%
No. Stories 2
Year Built 1925
Opportunity Zone Yes

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Yard
  • Dining Room
  • Freezer

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2.5 8 $2,575 965 - 1,000
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
045660-000
Land Assessment
$268,620 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$268,620 (2025)
Annual Taxes
$45,759 ($5.82/SF)
Tax Year
2026
  • Listing ID: 39084860

  • Date on Market: 11/15/2025

  • Last Updated:

  • Address: 1911 Broadway St, Vancouver, WA 98663

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