3102-3106 Bridge St Vancouver, WA 98661
- Apartment buildings
- 4,256 SF
- 0.19 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 3102-3106 Bridge St
- Year built
- 1982
- Lot size
- 0.19 lot acres
- Property size
- 4,256 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a stabilized, four-unit apartment building located at 3102-3106 Bridge St, Vancouver, WA 98661. The property consists of two, two-story buildings, each housing two spacious two-bedroom units, totaling 4,256 square feet on a 0.19-acre lot. Built in 1982, this Class B property boasts 100% occupancy, generating a strong 6.10% cap rate. Each unit averages $1,064 in monthly rent, contributing to an attractive price per unit of $250,000 and a price per square foot of $235. Units feature desirable amenities including spacious kitchens with dishwashers and built-in shelving, high ceilings, air conditioning, and private decks and yard space. The prime Rose Village location offers easy access to major highways (Hwy 99, SR 500, I-5, and I-205), facilitating commutes to downtown Vancouver and Portland. Nearby shopping centers like Vancouver Market Center, Vancouver Plaza, and Vancouver Mall provide added convenience. The property's strong performance and desirable location make it an ideal investment for both seasoned investors and those seeking an owner-occupancy strategy, potentially allowing for residential financing options. Parcel numbers are 27947000 & 27950000. Asking price is $1,000,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Vancouver
- County
- Clark
- State
- Washington
- Longitude
- -122.643
- Latitude
- 45.6438
