Active · Residential Income

1016 NE 86th Street , Vancouver, WA 98665-8936

Vancouver, WA 98665

$3,400,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Northmarq Multifamily, LLC · MLS #2564972 · Active

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About this property

We are pleased to present Sydney Court, a 20-unit apartment community in the Hazel Dell neighborhood of Vancouver, Washington. Built in 1968 across two buildings, the property offers two-bedroom, one-bath and three-bedroom, two-bath floor plans averaging 870 square feet, with full-size in-unit washers and dryers in every home. Offered at $3,650,000 ($183,000 per unit / $210 per NRSF), the property delivers a 6.53% in-place cap rate with current rents approximately 7.89% below market. Eighteen of the twenty units have been extensively renovated with stainless appliances, quartz counters, new cabinets, flooring, trim, doors, and lighting, and the roof was replaced in 2022, minimizing near-term capital needs. The Hazel Dell location offers convenient access to a major retail corridor anchored by Walmart, Target, and Kohl’s, plus Hazel Dell Marketplace, area employment centers, and regional transportation.

Property details

Property type: Multi Family
Year built: 1968
Lot size: 20,909 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $30,074 (2026)
Parking spaces: 21
School district: Vancouver

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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