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Lone Oak Estates 2932 NW 16th St 6 Unit Apartment Building $2,250,000 ($375,000/Unit) 5.11% Cap Rate Battle Ground, WA 98604
Executive Summary
Located within the highly desirable Lone Oak Estates subdivision in Battle Ground, this offering presents a rare opportunity to acquire three newly constructed duplexes situated on three separate tax lots, providing investors with exceptional flexibility through multiple exit strategies, including continued rental operations, individual home sales, or future bulk disposition. Each residence features modern open-concept floor plans with high-end finishes throughout, including tile baths, laminate plank flooring, quartz countertops, stainless steel appliances, and contemporary fixtures—features many competing builders treat as premium upgrades but are included here as standard. Positioned within one of Clark County’s fastest-growing submarkets, the property benefits from strong housing demand, limited inventory, and rapid sales absorption within the subdivision, supporting both “for-rent” and “for-sale” investment strategies. Combined with the advantages of newer construction and low-maintenance ownership, the offering provides investors with durable tenant appeal, operational flexibility, and long-term upside in a high-growth suburban market.
Property Facts
| Price | $2,250,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $375,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 5.11% | Building Size | 10,389 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 0.35/1,000 SF |
| Zoning | R7 | ||
| Price | $2,250,000 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| Cap Rate | 5.11% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 10,389 SF |
| No. Stories | 2 |
| Year Built | 2024 |
| Parking Ratio | 0.35/1,000 SF |
| Zoning | R7 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Heating
- Ceiling Fans
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Yard
- Breakfast Nook
- Handrails
- Island Kitchen
- Pantry
- Quartz Countertops
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | 833 |
| 4+2.5 | 3 | - | 2,000 |
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Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,538,232 | |
| Land Assessment | $364,500 | Total Assessment | $1,902,732 |
Property Taxes
Parcel Numbers
Land Assessment
$364,500
Improvements Assessment
$1,538,232
Total Assessment
$1,902,732
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Contact the Sale Advisor
Lone Oak Estates | 2932 NW 16th St