1416 Northeast 68th Street, Vancouver, WA 98665

Obsidian is a newly constructed 40-unit residential community designed around 12 triplex buildings and one fourplex. The unit mix includes 16 three-bedroom residences and 24 one-bedroom homes. Each triplex provides a spacious primary residence paired with two attached one-bedroom, one-bath ADUs, creating an efficient, repeatable layout across the property. The three-bedroom homes include attached garages and larger living spaces, while the one-bedroom homes are configured as compact, self-contained residences. Modern finishes and durable building materials are featured throughout, reflecting a recently completed construction approach intended to support lower-maintenance operations.

The community is located at 1416 Northeast 68th Street in Vancouver, Washington. This multifamily configuration concentrates multiple attached-dwelling options within a cohesive neighborhood setting, supported by the consistent triplex and fourplex building plan.

For investors and operators seeking a modern, low-maintenance apartment asset, Obsidian’s unit mix provides flexibility to serve both family-oriented households and tenants looking for one-bedroom living. The projected NOI is approximately $737,645 with a projected cap rate of 5.35%, based on the provided financial projections. As a recently completed property, it is positioned for long-term ownership with an emphasis on quality craftsmanship and streamlined ongoing upkeep tied to contemporary construction.