1416 Northeast 68th Street, Vancouver, WA 98665

Obsidian presents a unique opportunity to acquire a newly constructed 40-unit residential community thoughtfully designed to provide a diverse mix of housing options within a cohesive neighborhood setting. Comprised of 12 triplex buildings and one fourplex, the community includes 16 three-bedroom residences with attached garages and 24 one-bedroom homes. Each triplex is configured with a spacious primary residence complemented by two attached 1-bedroom, 1-bath ADUs, creating a highly efficient housing product that appeals to a broad range of residents while diversifying income streams across the asset. Constructed by a respected local builder, Obsidian showcases quality craftsmanship, thoughtfully designed floor plans, and modern finishes throughout. The three-bedroom residences offer attached garages and larger living spaces that appeal to long-term residents and family-oriented households, while the one-bedroom homes provide efficient, attainable housing options that support strong leasing demand. Together, the diverse unit mix creates multiple demand drivers and contributes to occupancy stability. As a recently completed asset, Obsidian 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. Combined with a projected NOI of approximately $737,645 and a projected cap rate of 5.35%, Obsidian represents a compelling opportunity to acquire a modern, low-maintenance residential investment positioned for stable cash flow and long-term ownership performance.