Log In/Sign Up
Your email has been sent.
1911 Broadway St 8 Unit Apartment Building $4,159,900 ($519,988/Unit) 4.20% Cap Rate Vancouver, WA 98663



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 | Building Class | C |
| Price Per Unit | $519,988 | Lot Size | 0.16 AC |
| Sale Type | Investment or Owner User | Building Size | 7,866 SF |
| Cap Rate | 4.20% | Average Occupancy | 0% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Townhome |
| 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 |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 045660-000 | Total Assessment | $268,620 (2025) |
| Land Assessment | $268,620 (2025) | Annual Taxes | $45,759 ($5.82/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
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
1 of 23
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1911 Broadway 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.
