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3903 E 18th St - Ravenwood Condos 12,684 SF Flex Condo Unit Offered at $2,800,000 in Vancouver, WA 98661
INVESTMENT HIGHLIGHTS
- Gated, secure, safe condo community
- reserved parking and in-unit laundry
- 100% occupied units
PROPERTY FACTS
| Total Building Size | 12,684 SF | Floors | 1 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 12,684 SF |
| Property Subtype | Apartment | Year Built | 1977 |
| Building Class | C | Lot Size | 2.91 AC |
| Zoning | R-18 | ||
| Total Building Size | 12,684 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 12,684 SF |
| Year Built | 1977 |
| Lot Size | 2.91 AC |
| Zoning | R-18 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Freezer
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Gated
- Wheelchair Accessible
- Smoke Detector
1 UNIT AVAILABLE
Unit 1
| Unit Size | 12,684 SF | Cap Rate | 5.40% |
| Price | $2,800,000 | NOI | $151,200 |
| Price Per SF | $220.75 | No. Parking Spaces | 14 |
| Condo Use | Flex | Sale Conditions | 1031 Exchange |
| Sale Type | Investment |
| Unit Size | 12,684 SF |
| Price | $2,800,000 |
| Price Per SF | $220.75 |
| Condo Use | Flex |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| NOI | $151,200 |
| No. Parking Spaces | 14 |
| Sale Conditions | 1031 Exchange |
DESCRIPTION
Exceptional opportunity for investors! Secure an exceptional, fully occupied 14 condo units at 3903 E 18th St, featuring immediate cash flow and the added security of the popular Ravenwood Condo GATED COMMUNITY. This is a true turnkey asset with premium tenant amenities that drive demand and retention.Each of the 14 units is a spacious 2-bedroom, 1-bathroom condo, a highly desirable configuration for renters. The property offers superior convenience: EACH UNIT INCLUDES ITS OWN IN-UNIT LAUNDRY and is conveyed with ASSIGNED PARKING per unit with plenty of guest parking, eliminating common ownership headaches and maximizing tenant satisfaction.Property Highlights:14 Units Total: All desired 2 Bed / 1 Bath floor plans. 906SQFT.Premium Amenities: In-Unit Laundry, Gas Fireplaces, and Assigned Parking for every unit—rare features that command top rents. Gated Community: Provides enhanced security, exclusivity, and strong curb appeal.Strong Financials: High occupancy and established rental history ensure immediate and stable cash flow.Low-Maintenance: Well-maintained property with a freshly painted exterior! Convenient Location: Close to Highways, shopping, restaurants and the airport.A rare opportunity to acquire a well-appointed, multi-family asset of this size in a prime, secure location. This is a must-see for serious portfolio expansion. This listing is for 14 units, 1,5,8-12,21,25-28,13,&15. 13&15. Please do not disturb tenants.
SALE NOTES
Exceptional opportunity for investors! Secure an exceptional, fully occupied 14 condo units at 3903 E 18th St, featuring immediate cash flow and the added security of the popular Ravenwood Condo GATED COMMUNITY. This is a true turnkey asset with premium tenant amenities that drive demand and retention.Each of the 14 units is a spacious 2-bedroom, 1-bathroom condo, a highly desirable configuration for renters. The property offers superior convenience: EACH UNIT INCLUDES ITS OWN IN-UNIT LAUNDRY and is conveyed with ASSIGNED PARKING per unit with plenty of guest parking, eliminating common ownership headaches and maximizing tenant satisfaction.Property Highlights:14 Units Total: All desired 2 Bed / 1 Bath floor plans. 906SQFT.Premium Amenities: In-Unit Laundry, Gas Fireplaces, and Assigned Parking for every unit—rare features that command top rents. Gated Community: Provides enhanced security, exclusivity, and strong curb appeal.Strong Financials: High occupancy and established rental history ensure immediate and stable cash flow.Low-Maintenance: Well-maintained property with a freshly painted exterior! Convenient Location: Close to Highways, shopping, restaurants and the airport.A rare opportunity to acquire a well-appointed, multi-family asset of this size in a prime, secure location. This is a must-see for serious portfolio expansion. This listing is for 14 units, 1,5,8-12,21,25-28,13,&15. 13&15. Please do not disturb tenants.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 14 | $1,535 | - |
Presented by
Kw Realty Portland Central
3903 E 18th St - Ravenwood Condos
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