Sparrow Landing 4202 NE Morrow Rd 17 Unit Apartment Building $5,600,000 ($329,412/Unit) 5.30% Cap Rate Vancouver, WA 98682

Constructed in 2025 by a respected local builder, Sparrow Landing presents a rare opportunity to acquire a recently completed 17-unit multifamily asset comprised of a diverse mix of 1, 2, and 3 bedroom residences. The property was thoughtfully designed to maximize resident appeal, featuring spacious floor plans, lofty ceilings, abundant natural light, quality finishes, full appliance packages, window coverings, dedicated off-street parking, and privately fenced patio areas. Newly constructed, Sparrow Landing benefits from modern construction, durable building materials, and thoughtfully selected finishes designed to support long-term ownership. The property's quality construction helps reduce maintenance demands, limit future capital expenditure requirements, and promote operational efficiency, while its desirable unit mix and resident-focused amenities position it well for long-term occupancy and tenant retention. Additional community amenities include expansive shared greenspace and a highly accessible location near Vancouver Mall, major retailers, dining, recreation, and key commuter corridors. Combining quality construction, strong resident appeal, and the advantages of modern vintage, Sparrow Landing represents a compelling opportunity to acquire a low-maintenance asset with long-term ownership appeal in the growing Vancouver market.