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33299541
33299539

4202 NE Morrow Rd, Vancouver, WA 98682

DB
199910100, 25965 (+3)
Keller Williams Realty Portland Premiere
Keller Williams Realty Portland Premiere
Listed by Keller Williams Realty Portland Premiere
$5,600,000
3 days on market
Updated 2 days ago

Sparrow Landing | 17 Unit Vancouver Multifamily Offering

Details
Property Type Multifamily
Square Footage 15,465
Net Rentable (SqFt) 15,465
Units 17
Beds 17
Occupancy 58.82%
Tenancy Multi
Pro-Forma Cap Rate 5.3%
Pro-Forma NOI $296,843
Class A
Year Built 2025
Buildings 1
Acreage 0.920
Zoning R18
Investment Type Value Add
Sale Condition N/A

Multifamily | 17 Units | $329,412/unit

Marketing description

Constructed in 2025 by a respected local builder, Sparrow Landing presents a rare opportunity to acquire a recently completed 17-unit multifamily asset comprised of a diverse mix of 1, 2, and 3 bedroom residences. The property was thoughtfully designed to maximize resident appeal, featuring spacious floor plans, lofty ceilings, abundant natural light, quality finishes, full appliance packages, window coverings, dedicated off-street parking, and privately fenced patio areas. Newly constructed, Sparrow Landing benefits from modern construction, durable building materials, and thoughtfully selected finishes designed to support long-term ownership. The property's quality construction helps reduce maintenance demands, limit future capital expenditure requirements, and promote operational efficiency, while its desirable unit mix and resident-focused amenities position it well for long-term occupancy and tenant retention. Additional community amenities include expansive shared greenspace and a highly accessible location near Vancouver Mall, major retailers, dining, recreation, and key commuter corridors. Combining quality construction, strong resident appeal, and the advantages of modern vintage, Sparrow Landing represents a compelling opportunity to acquire a low-maintenance asset with long-term ownership appeal in the growing Vancouver market.

Investment highlights

  • Recently completed 17 unit Vancouver multifamily offering with modern construction, strong curb appeal, and a diverse mix of one, two, and three bedroom residences

  • Kitchens feature peninsula eat bars, solid surface countertops, and stainless steel appliances, supporting modern resident appeal and long term livability

  • Spacious layouts, lofty ceilings, abundant natural light, quality finishes, full appliance packages, window coverings, dedicated off-street parking, and privately fenced patio areas designed to enhance tenant appeal and long-term livability

  • Modern construction, attractive resident amenities, and a highly accessible Vancouver location

  • Quality construction helps reduce maintenance demands, limit future capital expenditure requirements, and promote operational efficiency

  • Desirable unit mix and resident-focused amenities position it well for long-term occupancy and tenant retention

  • Expansive shared greenspace and a highly accessible location near Vancouver Mall, major retailers, dining, recreation, and key commuter corridors

Listing Contacts

DB
199910100, 25965 (+3)
Keller Williams Realty Portland Premiere
Keller Williams Realty Portland Premiere
Listed by Keller Williams Realty Portland Premiere

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