3102-3106 Bridge StVancouver, WA 98661

For Sale
$1,000,000

Four-Unit Apartment Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • $1,000,000 asking price for a stabilized multifamily investment.
  • Four-unit apartment building in Vancouver, WA, with a 6.10% cap rate and 100% occupancy.
  • Two buildings, each with two spacious two-bedroom units, totaling 4,256 square feet.
  • $235 per square foot, and $250,000 per unit.
  • Built in 1982, situated on a 0.19-acre lot with APN 27947000 & 27950000.

Property Details for 3102-3106 Bridge St

Property type
Multifamily properties, Apartment buildings
Square Feet
4,256 SF
Class
B
Year Built
1982
Buildings
2
Stories
2
Lot Size (sq. ft)
8,276 SF
Units
4

Location Insight

City
Vancouver
County
Clark
State
Washington
Latitude
45.643772
Longitude
-122.643085
3102-3106 Bridge St, Vancouver, Washington

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3102-3106 Bridge St
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