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34th Street Apartments 5750 NE 34th St 20 Unit Apartment Building $5,100,000 ($255,000/Unit) 5.40% Cap Rate Vancouver, WA 98661
Executive Summary
- Exceptional Modern Construction Drives Long-Term Stability.
2018 build with low-maintenance systems, large 3BR layouts,
and modern finishes that consistently attract qualified renters.
- Three-Bedroom Unit Mix Maximizes Demand. Twenty
spacious 3BR units serve an underserved segment of the
Vancouver market, supporting strong occupancy and durable
rent levels.
- Attractive Assumable Debt and Tax Abatement Enhance
Returns. Favorable in-place financing and tax incentives
provide immediate economic advantages, improving cash flow
and reducing the cost of capital..
- Well-Located Vancouver Asset with Operational Upside.
Newer construction, efficient layouts, and tenant-preferred
features create opportunities for strategic rent optimization and
improved NOI.
- Turnkey Living Experience with High Resident Appeal. In-unit
laundry, pet-friendly policies, updated interiors, and off-street
parking deliver a convenient, competitive renter offering.
- Modern Design Strengthens Positioning in the Submarket.
Contemporary finishes, open floor plans, and well-maintained
common areas offer a superior resident experience compared
to older nearby stock.
2018 build with low-maintenance systems, large 3BR layouts,
and modern finishes that consistently attract qualified renters.
- Three-Bedroom Unit Mix Maximizes Demand. Twenty
spacious 3BR units serve an underserved segment of the
Vancouver market, supporting strong occupancy and durable
rent levels.
- Attractive Assumable Debt and Tax Abatement Enhance
Returns. Favorable in-place financing and tax incentives
provide immediate economic advantages, improving cash flow
and reducing the cost of capital..
- Well-Located Vancouver Asset with Operational Upside.
Newer construction, efficient layouts, and tenant-preferred
features create opportunities for strategic rent optimization and
improved NOI.
- Turnkey Living Experience with High Resident Appeal. In-unit
laundry, pet-friendly policies, updated interiors, and off-street
parking deliver a convenient, competitive renter offering.
- Modern Design Strengthens Positioning in the Submarket.
Contemporary finishes, open floor plans, and well-maintained
common areas offer a superior resident experience compared
to older nearby stock.
Property Facts
| Price | $5,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $255,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.68 AC |
| Cap Rate | 5.40% | Building Size | 21,280 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2018 |
| Zoning | MG | ||
| Price | $5,100,000 |
| Price Per Unit | $255,000 |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.68 AC |
| Building Size | 21,280 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2018 |
| Zoning | MG |
Amenities
Unit Amenities
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Pool
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 7 | - | 950 |
| 3+1.5 | 13 | - | 980 |
1 1
Property Taxes
| Parcel Number | 029473-072 | Improvements Assessment | $0 |
| Land Assessment | $370,260 | Total Assessment | $370,260 |
Property Taxes
Parcel Number
029473-072
Land Assessment
$370,260
Improvements Assessment
$0
Total Assessment
$370,260
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34th Street Apartments | 5750 NE 34th St
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