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Sparrow Landing 4202 NE Morrow Rd 17 Unit Apartment Building For Sale Vancouver, WA 98682
Executive Summary
This newly delivered multifamily property offers investors a stabilized, low-maintenance opportunity in a highly accessible central location. Designed with today’s renter in mind, the building blends modern finishes with practical functionality, supporting strong tenant demand and long-term rent growth.
The efficient unit mix, featuring well-appointed one-bedroom homes and larger three-bedroom layouts, expands the tenant pool and supports stable occupancy. Each residence includes contemporary kitchens with a full appliance package, electric range, microwave, dishwasher, and in-unit washer and dryer, enhancing livability and long-term retention.
With brand new systems, attractive interior finishes, and durable construction, this asset offers minimal deferred maintenance and predictable operating expenses, making it an ideal addition to any multifamily portfolio.
The property is currently a condominium development. Buyer has the flexibility to individually dispose of the condos, retain the condos as rentals, or convert to a multi-family property.
The efficient unit mix, featuring well-appointed one-bedroom homes and larger three-bedroom layouts, expands the tenant pool and supports stable occupancy. Each residence includes contemporary kitchens with a full appliance package, electric range, microwave, dishwasher, and in-unit washer and dryer, enhancing livability and long-term retention.
With brand new systems, attractive interior finishes, and durable construction, this asset offers minimal deferred maintenance and predictable operating expenses, making it an ideal addition to any multifamily portfolio.
The property is currently a condominium development. Buyer has the flexibility to individually dispose of the condos, retain the condos as rentals, or convert to a multi-family property.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 17 | Lot Size | 0.86 AC |
| Property Type | Multifamily | Building Size | 7,200 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 2025 |
| Zoning | R-18 | ||
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.86 AC |
| Building Size | 7,200 SF |
| No. Stories | 2 |
| Year Built | 2025 |
| Zoning | R-18 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 690 |
| 2+1 | 1 | - | 720 |
| 2+1.5 | 10 | - | 921 |
| 3+2 | 3 | - | 1,155 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 159537-000 | Improvements Assessment | $0 |
| Land Assessment | $457,380 | Total Assessment | $457,380 |
Property Taxes
Parcel Number
159537-000
Land Assessment
$457,380
Improvements Assessment
$0
Total Assessment
$457,380
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Sparrow Landing | 4202 NE Morrow Rd
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