3311 42Nd Pl Vancouver, WA 98661
- Commercial real estate
- 16,176 SF
- 0.52 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3311 42Nd Pl
- Year built
- 2023
- Lot size
- 0.52 lot acres
- Property size
- 16,176 SF
- Property type
- Commercial real estate
- APN
- 161659000
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Vancouver
- County
- Clark
- State
- Washington
- Longitude
- -122.6276559
- Latitude
- 45.6459384
