We are pleased to present Sydney Court, a 20-unit apartment community in the Hazel Dell neighborhood of Vancouver, Washington. Built in 1968 across two buildings, the property offers two-bedroom, one-bath and three-bedroom, two-bath floor plans averaging 870 square feet, with full-size in-unit washers and dryers in every home. Offered at $3,650,000 ($183,000 per unit / $210 per NRSF), the property delivers a 6.53% in-place cap rate with current rents approximately 7.89% below market. Eighteen of the twenty units have been extensively renovated with stainless appliances, quartz counters, new cabinets, flooring, trim, doors, and lighting, and the roof was replaced in 2022, minimizing near-term capital needs. The Hazel Dell location offers convenient access to a major retail corridor anchored by Walmart, Target, and Kohl’s, plus Hazel Dell Marketplace, area employment centers, and regional transportation.
| MLS # | 2564972 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1968 |
| Days On Site | 19 |
| Listing Provided By | Northmarq Multifamily, LLC | Steve Fischer |
| SQ Feet | 17,400 |
|---|---|
| Story(s) | 2 |
| Units | 20 |
| Zoning | Multi-Family |
| Acreage | 0.48 |
| Property View | Yes |
| Property | 30074 |
|---|
| State | WA |
|---|---|
| County | Clark |
| City | Vancouver |
| Zip Code | 98665 |
| Area | 1043 City Center West |
| Community Name | Hazel Dell |
| School District | Skyview High |
| Elementary School | Eisenhower Elementary |
| High School | Skyview High |
| Listing VS Median (in Hazel Dell) | |
Price: $3,650,000 low | high Med: $475,000 sqft: 17,400 low | high Med: 1,520 $ / sqft: $210 low | high Med: $313 On site: 19 low | high Med: 5 | |
| State | WA |
|---|---|
| County | Clark |
| City | Vancouver |
| Zip Code | 98665 |
| Area | 1043 City Center West |
| Community Name | Hazel Dell |
| School District | Skyview High |
| Elementary School | Eisenhower Elementary |
| High School | Skyview High |
| Listing VS Median (in Hazel Dell) | |
Price: $3,650,000 low | high Med: $475,000 sqft: 17,400 low | high Med: 1,520 $ / sqft: $210 low | high Med: $313 On site: 19 low | high Med: 5 | |