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4202 NE Morrow Rd
Vancouver, WA 98682 Kevanna Park

$5,600,000 USD

Apartments For Sale  •  7,200 SF

Property Details

  • Property Type Apartments
  • Total Building Size 15,465 SF
  • Lot Size 0.92 AC
  • Building Class B
  • Year Built 2025
  • Cap Rate 5.30 %
  • Zoning R-18
30 Transit Score
40 Walk Score

Highlights

Spacious unit layouts ranging from 690 to 1,155 SF
Recently completed 17 unit Vancouver multifamily offering
Ten units currently leased with remaining lease up upside
Modern interiors with solid surface counters and stainless steel appliances
Energy efficient mini splits provide year round heating and cooling
Accessible Kevanna Park location near Vancouver Mall, Orchards Market Center, SR 500, and I-205

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $296,844 USD (2026)
Cap Rate: 5.30 %
Total Expenses: $85,542 USD

Major Tenants

Tenant SF Occupied Lease End Date
Arete Properties - Sparrow Landing

Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Fitness Center
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Storage Space
  • Dining Room
  • Double Pane Windows
  • Island Kitchen
  • Patio

Public Transportation

Commuter RailDriveWalkDistance
16 min - 8.9 mi
AirportDriveWalkDistance
Portland International 16 min - 8.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
Darryl Bodle II 503-709-4632 Keller Williams Commercial
Darryl Bodle II 503-709-4632 Keller Williams Commercial