1016 NE 86th Street, Vancouver, WA 98665
- $3,650,000
- 17,400
- SqFt
Listing courtesy of Northmarq Multifamily, LLC.
- List Price
- $3,650,000
- Status
- ACTIVE
- MLS#
- 2564972
- Days on Market
- 36
- Style
- 56 - 10+ Units
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 17,400
- Lot Size (sq ft)
- 20,909
Property Description
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.
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Additional Information
- List Date
- 2026-08-05 19:08:15
- Community
- Hazel Dell
- Potential Terms
- Cash, Conventional
- Year Built
- 1968
- View
- Territorial
- Roof
- Flat
- School District
- Vancouver
- Elementary School
- Eisenhower Elementary
- Middle School
- Jefferson Middle
- High School
- Skyview High
- Total Monthly Income
- $31,455
- Gross Scheduled Income
- $377,457
- Vacancy Rate
- 5
- Gross Adjusted Income
- $359,955
- Tax Year
- 2026
- Insurance Expense
- $11,285
- W/S/G Expenses
- $17,778
- Total Expenses
- $121,599
- Net Operating Income
- $238,356
- Gross Rent Multiplier
- 10.43
- Cap Rate
- 6.53
Mortgage Calculator
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.