Log In/Sign Up
Your email has been sent.
Obsidian Heights, NC 4Plex in Hazel Dell 6803 15th Ct 4 Unit Apartment Building $1,779,900 ($444,975/Unit) 5.76% Cap Rate Vancouver, WA 98665

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 | Building Class | B |
| Price Per Unit | $444,975 | Lot Size | 0.25 AC |
| Sale Type | Investment | Construction Status | Under Construction |
| Cap Rate | 5.76% | Building Size | 5,888 SF |
| No. Units | 4 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2026 |
| Apartment Style | Townhome | ||
| Zoning | R1-6 | ||
| 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 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
