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1968 Apartment Building with Redevelopment

6405 NE Hazel Dell Ave Vancouver, WA 98665

6405 NE Hazel Dell Ave, Vancouver, WA, 98665
$8,100,000
For Sale
$8,100,000

Greentree Apartments is a 1968-built multifamily community with recent exterior roof and deck repairs.

Days on Market111

Property Features for 6405 NE Hazel Dell Ave

General Information

Standard status
Active
Property subtype
Multifamily
Listing agency Portland Office
Listed by Aiden P. Susak · License #OR: 201253912
Source Marcusmillichap
Added: Apr 3 Updated: Jul 21 at 3:40AM Checked: Jul 22 at 2:08AM

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 Portland Office


Investment Insights

Based on property information with market context.

Greentree Apartments is a value-add multifamily community built in 1968 featuring versatile apartment layouts ranging from studios through 4-bedrooms. The property reports an average unit size of approximately 800 square feet and includes a large, underutilized common area. Recent exterior work noted by ownership includes roof replacements with new membrane, along with repaired or replaced decks, leaving interior and amenity improvements as the primary areas for potential repositioning.

Located at 6405 NE Hazel Dell Ave in Vancouver, WA, the community provides immediate access to Interstate 5, supporting convenient commutes to Downtown Vancouver and the Portland CBD. The area is described as West Hazel Dell with neighborhood conveniences and continued local demand drivers.

Reported in-place rents average $892 per month ($0.86 per SF). The unit mix includes studios, 1BR, 2BR, 3BR, and select 4BR homes, with 2BR washer/dryer hook-ups indicated as potentially existing per historical accounts (to be verified).

Key Highlights

  • 1968‑built multifamily community with recent exterior work: new roof membranes and repaired/replaced decks
  • In‑place rents average $892/month ($0.86/SF), below nearby pre‑1989 comps reported at about $1,250–$1,500+
  • Unit mix includes studios, 1BR, 2BR, 3BR, and select 4BR layouts, averaging about 800 SF per unit

Property Analytics

Location Intelligence

Current Use by Public Records

Greentree Apartments Apartment Building Lucero Aragon Hotel & Motel

Suggested Use

(Bike/Boat/Book/etc) Store Grocery & Convenience Store Catering Service (Bike/Boat/Book/etc) Store Garden Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Parking Lot & Garage Home Appliance Store Restaurant

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

FAQs

What type of property is this?
Apartment building - Greentree Apartments is a 1968-built multifamily community with recent exterior roof and deck repairs.
Where is this apartment building located?
The property is located at 6405 NE Hazel Dell Ave Vancouver, WA.
What is the asking price?
The asking price for this property is $8,100,000.
What are key features of this property?
This property features: 1968‑built multifamily community with recent exterior work: new roof membranes and repaired/replaced decks; In‑place rents average $892/month ($0.86/SF), below nearby pre‑1989 comps reported at about $1,250–$1,500+; Unit mix includes studios, 1BR, 2BR, 3BR, and select 4BR layouts, averaging about 800 SF per unit
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