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    New Single-Family Attached Homes Title is generated by Realmo AI

    4943 NE 2ND Ct, Vancouver, WA 98663

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    For Sale
    $4,879,000

    MULTI_FAMILY - Vancouver, WA

    Property size:
    15,442 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $315/SF
    Added:
    Dec 18, 2025
    Days on Market:
    155
    Last Refresh:
    May 22 at 6:06 am

    Property Features for 4943 NE 2ND Ct

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-18
    Bedrooms
    12
    Bathrooms
    9
    Rooms
    Bedroom 7, Bedroom 12, Bedroom 4, Bathroom 8, Bedroom 9, Bathroom 1, Bathroom 6, Bathroom 2, Bedroom 5, Bathroom 7, Bedroom 1, Bedroom 11, Bedroom 10, Bedroom 2, Bedroom 6, Bathroom 4, Bedroom 3, Bedroom 8, Bathroom 9, Bathroom 5, Bathroom 3
    Standard status
    Active
    APN
    986059626
    Size
    15,442 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Description
    LINCOLN WOODS LOT 24 312183 FOR ASSESSOR USE ONLY LINCOLN WOODS L
    Tax Annual Amount
    4183

    Utilities

    Heating system
    Ductless (Heating)

    Building Details

    Year built
    2022
    Floors in Building
    2
    Number of units
    10
    Roof type
    Composition, Shingle

    We can help!

    Listing Contact
    Jonathan Casares

    Listing agent Jonathan Casares

    Listing office Zenith Properties NW, LLC 1498 SE Tech Ctr Pl, Ste 17, Vancouver, WA

    Listing date Dec 18, 2025

    MLS# 137132824 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Portfolio of 10 newly constructed (2021/2022) single‑family attached homes, ideal for investors.
    • Each home features 4 bedrooms, 3 baths, upstairs laundry, 2‑car garage, and additional 2‑car parking pad.
    • Luxury amenities include granite countertops, stainless steel appliances, ductless AC & heating, and pet‑friendly LVP flooring.
    • Convenient location in Hazel Dell, close to I‑5, HWY 14, PDX Airport, Vancouver Waterfront, and other attractions.
    • Low‑maintenance with 30‑year roof, 50‑year siding, fully fenced backyard, and no HOA dues.
    • Rentals are allowed, and each unit is individually metered for utilities.

    Overview

    An investor opportunity presents itself with ten newly constructed single-family attached homes located in Hazel Dell. Built in 2021 and 2022, each house features luxury amenities, 4 bedrooms, 3 baths, upstairs laundry with full-size washer and dryer, a 240-volt EV outlet in the 2-car garage, and an additional 2-car parking pad. The primary suites include spacious walk-in closets and granite vanities with walk-in showers. Luxury finishes are evident throughout, including 9-foot ceilings, granite countertops, a breakfast island, LED lighting, stainless steel appliances, ductless AC and heating, high-end pet-friendly LVP flooring, and a dedicated office, 4th bedroom, or media room. The properties are centrally located in Hazel Dell, offering convenient access to I-5, HWY 14, PDX International Airport, the Vancouver Waterfront, Jantzen Beach, and the Moda Center. Alki Park and Trail Walk are within walking distance. The homes feature a 30-year roof, 50-year siding, and low-maintenance yards. Rentals are allowed. Located within the LINCOLN ELEMENTARY Vancouver School district. Each unit includes a fully fenced-in backyard and concrete patio. These are all-electric homes with no gas. The properties are situated on a quiet dead-end cul-de-sac with no HOA dues. Each unit is individually metered for water, sewer, garbage, and electric, with occupants responsible for all utilities. The total property size is 15442 square feet, situated on a lot of approximately 0.06 acres. Occupied homes are professionally managed by Zenith Properties NW LLC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.66927
    Latitude
    45.658198

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    FAQs

    What type of property is this?
    Apartment building - Ten newly constructed homes with luxury amenities in Hazel Dell.
    Where is this apartment building located?
    The property is located at 4943 NE 2ND Ct Vancouver, WA.
    What is the asking price?
    The asking price for this property is $4,879,000.
    What are key features of this property?
    This property features: Portfolio of 10 newly constructed (2021/2022) single‑family attached homes, ideal for investors.; Each home features **4 bedrooms, 3 baths, upstairs laundry, 2‑car garage, and additional 2‑car parking pad.**; **Luxury amenities include granite countertops, stainless steel appliances, ductless AC & heating, and pet‑friendly LVP flooring.**
    (360) 721-2739
    We can help!
    Listing Contact
    Jonathan Casares
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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