3311 42Nd Pl Vancouver, WA 98661

Exceptional investment opportunity in Vancouver, WA, presents the Brentwood Apartments, a brand-new, 2023-built, three-story apartment building. This 17-unit complex boasts 16,176 square feet of net rentable space, commanding a price of $4,825,000 ($258/sq ft and $353,833/unit). The property enjoys a strong 5.91% cap rate, generating a substantial net operating income (NOI) of $306,789. Each of the 17 units features high-end finishes, including stainless steel appliances, modern cabinetry and fixtures, in-unit washer/dryer, and wood-style flooring. Unit types include studios, three-bedroom townhomes, and a fully renovated two-bedroom single-family home. Residents benefit from private garage entrances, large garages, open floor plans, spacious kitchens with large islands, ample natural light, and generous closet space. Located on a 0.52-acre lot (APN 161659000) at 3311 NE 42nd Pl, Vancouver, WA 98661, this prime location offers convenient access to I-5 and I-205, providing easy commutes to both downtown Vancouver and Portland. The property is also within walking distance of schools, parks, restaurants, and shopping, making it highly desirable for tenants. The average rent per unit is $959, reflecting the strong rental demand in this thriving neighborhood. This is a rare opportunity to acquire a high-quality, newly constructed multifamily property with excellent potential for long-term growth and strong cash flow.