22-Unit Townhome Apartment
New
For Sale
$8,706,000
13102 NE 72ND AVE, Vancouver, WA 98686
Each residence combines three bedrooms and three bathrooms with an attached garage and contemporary interior finishes.
Property Size30,060 SF
Days on Market4
Property Features for 13102 NE 72ND AVE
General Information
Standard status
Active
Size
30,060 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
22 x 3BR/3BA
Multifamily Units
22
Additional Details
Highway Access
Yes
Building Details
Building Size
30,060 SF
Year Built
2026
Listing Agency:
Kelly Right Real Estate Vancouver
Listed By:
Dmitriy Manzhura
(503) 367-9868
Source:
Currangrouprealtors
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 1:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kelly Right Real Estate Vancouver
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Investment Insights
Based on property information with market context.
Completed in 2026, this apartment property comprises 22 townhome-style residences, each arranged with three bedrooms and three bathrooms. Interior features include custom cabinetry, quartz countertops, triple-pane windows designed to reduce sound transmission, and an attached garage. Homes may be acquired individually or in groups of two, three, four, or eight units.
The property is approximately eight minutes from Washington State University Vancouver, with Costco, parks, schools, shopping, dining, and major highways also identified in the surrounding area.
The property is approximately eight minutes from Washington State University Vancouver, with Costco, parks, schools, shopping, dining, and major highways also identified in the surrounding area.
Key Highlights
- 22 townhome residences, built in 2026
- Each home has 3 bedrooms and 3 bathrooms
- Attached garage at each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$348,681
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,973,620
$7.0M
Cap Rate 7%
$4,981,157
$5.0M
Cap Rate 9%
$3,874,233
$3.9M
Market Conditions
NOI Build-Up for 30,060 SF
Gross rent
$667.3K $22.20/SF
− Vacancy
−$33.4K −$1.11/SF
EGI
$634.0K $21.09/SF
− OpEx
−$285.3K −$9.49/SF
NOI
$348.7K $11.60/SF
Area
Vancouver, WA
Vacancy
5.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,973,620
Cap Rate 7%
$4,981,157
Cap Rate 9%
$3,874,233
Alternative Uses
Best Use
Apartment 5plus
$4.98M
$4.36M – $5.81M
NOI $348,681 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.35M
$6.44M – $8.58M
NOI $514,838 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
22
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 98686, WA
21,462
Population
8,348
Households
2.6
Avg Household Size
43
Median Age
37%
College-Educated
96%
High-School Grad
11.7 sq mi
ZIP Area
1,834
Density / Sq Mi
$101,866
Median Household Income
$57,423
Median Earnings
$1,836
Median Rent
$546,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence combines three bedrooms and three bathrooms with an attached garage and contemporary interior finishes.
Where is this apartment building located?
The property is located at 13102 NE 72ND AVE Vancouver, WA.
What is the asking price?
The asking price for this property is $8,706,000.
What are key features of this property?
This property features: 22 townhome residences, built in 2026; Each home has 3 bedrooms and 3 bathrooms; Attached garage at each residence
