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Red Brick Apartments 11205-11307 NE 49th St 20 Unit Apartment Building $4,239,374 CAD ($211,969 CAD/Unit) 7.16% Cap Rate Vancouver, WA 98682
EXECUTIVE SUMMARY
20-unit community in Vancouver’s North Image neighborhood. Featuring fenced backyards, laundry hookups, and a quiet residential setting close to parks, schools, shopping, and transit. Strong tenant demand makes this an easy, stable investment.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$493,955
|
$15.97
|
| Other Income |
$909
|
$0.03
|
| Vacancy Loss |
$24,698
|
$0.80
|
| Effective Gross Income |
$470,167
|
$15.20
|
| Taxes |
$46,168
|
$1.49
|
| Operating Expenses |
$120,524
|
$3.90
|
| Total Expenses |
$166,692
|
$5.39
|
| Net Operating Income |
$303,475
|
$9.81
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $493,955 |
| Annual Per SF | $15.97 |
| Other Income (CAD) | |
|---|---|
| Annual | $909 |
| Annual Per SF | $0.03 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $24,698 |
| Annual Per SF | $0.80 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $470,167 |
| Annual Per SF | $15.20 |
| Taxes (CAD) | |
|---|---|
| Annual | $46,168 |
| Annual Per SF | $1.49 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $120,524 |
| Annual Per SF | $3.90 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $166,692 |
| Annual Per SF | $5.39 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $303,475 |
| Annual Per SF | $9.81 |
PROPERTY FACTS Under Contract
| Price | $4,239,374 CAD | Building Class | C |
| Price Per Unit | $211,969 CAD | Lot Size | 1.54 AC |
| Sale Type | Investment | Building Size | 67,082 SF |
| Cap Rate | 7.16% | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 0.3/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-18 | ||
| Price | $4,239,374 CAD |
| Price Per Unit | $211,969 CAD |
| Sale Type | Investment |
| Cap Rate | 7.16% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.54 AC |
| Building Size | 67,082 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 0.3/1,000 SF |
| Zoning | R-18 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 18 | $2,044 CAD | 1,024 - 18,432 |
| 3+1 | 2 | $2,181 CAD | 1,184 - 2,368 |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $3,724,993 CAD | |
| Land Assessment | $917,379 CAD | Annual Taxes | $46,168 CAD ($0.69 CAD/SF) |
| Improvements Assessment | $2,807,614 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$917,379 CAD
Improvements Assessment
$2,807,614 CAD
Total Assessment
$3,724,993 CAD
Annual Taxes
$46,168 CAD ($0.69 CAD/SF)
Tax Year
2025
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Red Brick Apartments | 11205-11307 NE 49th St
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