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Investment Highlights

  • New construction Hazel Dell 4plex
  • Each unit includes an attached garage
  • Strong resident appeal with townhome style living
  • Four spacious 3 bed / 2.1 bath units
  • 5,888 rentable square feet
  • Convenient access to I-5, Hwy 99, shopping, and dining

Executive Summary

Constructed in 2026 by a respected local builder, this thoughtful four-unit townhome community offers a rare opportunity to acquire newly built rental housing comprised entirely of spacious 3-bedroom, 2.1-bath residences with attached garages. The homes were thoughtfully designed to meet the needs of today's residents, featuring open concept floor plans, abundant natural light, contemporary finishes, and functional living spaces that support long-term occupancy and broad market appeal. The property's larger bedroom count, attached garages, and townhome-style living experience position it favorably within the rental market, appealing to households seeking additional space, privacy, and convenience. As a recently completed asset, the property benefits from modern building systems, durable construction materials, and thoughtfully selected finishes designed to support long term ownership. Quality construction helps reduce maintenance demands, limit future capital expenditure requirements, and promote operational efficiency. Combined with an attractive cap rate, strong resident appeal, and limited near-term capital needs, the property represents a compelling opportunity to acquire a low maintenance multifamily asset positioned for stable cash flow, long-term ownership, and durable investment performance.

Financial Summary (Pro Forma - 2026)

Annual Annual Per SF
Gross Rental Income $143,760 $24.42
Other Income $18,000 $3.06
Vacancy Loss $5,032 $0.85
Effective Gross Income $156,728 $26.62
Taxes $21,359 $3.63
Operating Expenses $32,901 $5.59
Total Expenses $54,260 $9.22
Net Operating Income $102,468 $17.40

Financial Summary (Pro Forma - 2026)

Gross Rental Income
Annual $143,760
Annual Per SF $24.42
Other Income
Annual $18,000
Annual Per SF $3.06
Vacancy Loss
Annual $5,032
Annual Per SF $0.85
Effective Gross Income
Annual $156,728
Annual Per SF $26.62
Taxes
Annual $21,359
Annual Per SF $3.63
Operating Expenses
Annual $32,901
Annual Per SF $5.59
Total Expenses
Annual $54,260
Annual Per SF $9.22
Net Operating Income
Annual $102,468
Annual Per SF $17.40

Property Facts

Price $1,779,900
Price Per Unit $444,975
Sale Type Investment
Cap Rate 5.76%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 0.25 AC
Construction Status Under Construction
Building Size 5,888 SF
Average Occupancy 0%
No. Stories 2
Year Built 2026
Zoning R1-6

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2.5 4 $2,995 1,472
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
  • Listing ID: 40904571

  • Date on Market: 6/12/2026

  • Last Updated:

  • Address: 6803 15th Ct, Vancouver, WA 98665

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