3102-3106 Bridge StVancouver, WA 98661

Property Details for 3102-3106 Bridge St

Year built

1982

Lot size

0.19 AC

Property size (Sq ft)

4,256 SF

Property type

Residential income properties

Property subtype

Multifamily properties

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.

Location Insight

City

Vancouver

County

Clark

State

Washington

Latitude

45.6438

Longitude

-122.643

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