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Wildflower Apartments 2404 SE 161st Ct 186 Unit Apartment Building For Sale Vancouver, WA 98683
Investment Highlights
- Blank-Slate Value-Add Opportunity
- Walkable Suburban Neighborhood
- First Time on the Market in 30 Years
- Affluent Neighborhood Demographics
- Strategic Location & Accessibility to Employment Drivers
- #1 Fastest Growing City in the Pacific Northwest
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$5,350,204
|
$31.96
|
| Other Income |
$616,890
|
$3.69
|
| Vacancy Loss |
$400,068
|
$2.39
|
| Effective Gross Income |
$5,567,026
|
$33.26
|
| Taxes |
$484,313
|
$2.89
|
| Operating Expenses |
$1,730,877
|
$10.34
|
| Total Expenses |
$2,215,190
|
$13.23
|
| Net Operating Income |
$3,351,836
|
$20.02
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $5,350,204 |
| Annual Per SF | $31.96 |
| Other Income (CAD) | |
|---|---|
| Annual | $616,890 |
| Annual Per SF | $3.69 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $400,068 |
| Annual Per SF | $2.39 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $5,567,026 |
| Annual Per SF | $33.26 |
| Taxes (CAD) | |
|---|---|
| Annual | $484,313 |
| Annual Per SF | $2.89 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,730,877 |
| Annual Per SF | $10.34 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $2,215,190 |
| Annual Per SF | $13.23 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $3,351,836 |
| Annual Per SF | $20.02 |
Property Facts
| Sale Type | Investment | Lot Size | 10.00 AC |
| No. Units | 186 | Building Size | 160,539 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1987 |
| Building Class | C | Parking Ratio | 2.16/1,000 SF |
| Zoning | MG | ||
| Sale Type | Investment |
| No. Units | 186 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 10.00 AC |
| Building Size | 160,539 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 2.16/1,000 SF |
| Zoning | MG |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
- Vaulted Ceiling
- Refrigerator
Site Amenities
- 24 Hour Access
- Controlled Access
- Picnic Area
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 183 | - | 900 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 121924-000 | Total Assessment | $35,025,052 CAD (2025) |
| Land Assessment | $4,773,270 CAD (2025) | Annual Taxes | $484,313 CAD ($3.02 CAD/SF) |
| Improvements Assessment | $30,251,782 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
121924-000
Land Assessment
$4,773,270 CAD (2025)
Improvements Assessment
$30,251,782 CAD (2025)
Total Assessment
$35,025,052 CAD (2025)
Annual Taxes
$484,313 CAD ($3.02 CAD/SF)
Tax Year
2026
Contacts
-
Melissa Fleming -
Anthony Palladino -
Philip Assouad -
Giovanni Napoli -
Ryan Harmon -
Nick Ruggiero -
Marcus & Millichap
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Wildflower Apartments | 2404 SE 161st Ct
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