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Listed by Apex Residential
$ 3,800,000
Est. payment | /mo
21,040 SqFt
$ 3,800,000
Est. payment | /mo
21,040 SqFt
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 21,040 sqft
Price per Sqft $180
Subdivision Bagley Downs
MLS Listing ID 756222554
Year Built 1965
Annual Tax Amount $32,837
Tax Year 2025
Lot Size 2.020 Acres
Property Description
Cottonwood Court presents a compelling opportunity to acquire a20-unit value-add multifamily community in the growing Vancouvermarket, positioned to benefit from continued regional demand andstrong connectivity to Portland.Constructed in 1965, the property consists entirely of well-designed 2-bedroom, 1-bath units, each featuring a consistent and efficient floor plan. Units average ± 727 SF and are complemented by ± 325 SF attached garages, a rare amenity that, combined with in-unit washer and dryer, enhances tenant appeal and supports long-term retention. Vaulted, sloped ceilings and charming fireplaces add architectural character and create a warm, inviting living environment that differentiates the property from typical vintage product.Cottonwood Court offers a clear and executable path to valuecreation. Ownership has begun renovating units as they turn, withthree units already upgraded to include modern finishes such asshaker-style cabinetry, updated countertops, and stainless steelappliances. These improvements provide a proven blueprint forcontinued renovations, allowing a new owner to systematicallyenhance the remaining units and capture meaningful rental upside.
Location
State WA
County Clark
Area _13
Zoning R-18
Interior
Heating Mini Split
Cooling Other
Exterior
View Park Greenbelt
Roof Type BuiltUp,Composition,Flat
Garage No
Building
Lot Description Level
Story 1
Sewer Shared Septic, Standard Septic
Water Public Water
Level or Stories 1
Schools
Elementary Schools Marshall
Middle Schools Mcloughlin
High Schools Fort Vancouver
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
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Sarah Boylan, MBA
Licensed Real Estate Broker