6802 NE 15th CT, Vancouver, WA 98665

$13,798,800

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List Price
$13,798,800
Days on Market
53
MLS#
287756870
Property Type
Multifamily
Lot Size
20, 000 SqFt to .99 Acres
Region
Vancouver: E Hazel Dell / Minnehaha
Status
ACTIVE

Property Description

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 spacious, one-bedroom homes (with an average of 521 SF) 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.

Additional Information

Year Built
2026
High School
Hudsons Bay
Elementary School
Hazel Dell
Middle School
Jason Lee
Stories
2
Subdivision
Hazel Dell
Terms
Cash
Cooling Description
Heat Pump, Mini Split
Fuel Description
Electricity
Heating Description
Forced Air
Hoa Rent Includes
None
Hot Water Description
Electricity
Exterior Description
Cement Siding
Roof Type
Composition
Sewer Description
Public Sewer
View
Territorial, Trees/Woods
Parking
Garage, On Street
Parking Description
Garage, On Street
Covenants/Restrictions
Yes
Road Surface
Paved
Number Of Units Total
40
Unit Type One Baths Total
3
Unit Type One Beds Total
3
Unit Type One Rent
2995
Unit Type One Sq Ft
1703
Unit Type One Units Total
3
Unit Type Two Baths Total
3
Unit Type Two Beds Total
3
Unit Type Two Units Total
6
Unit Type Three Baths Total
3
Unit Type Three Beds Total
3
Unit Type Three Rent
2995
Unit Type Three Sq Ft
1657
Unit Type Three Units Total
2
Unit Type Four Baths Total
2
Unit Type Four Beds Total
3
Unit Type Four Rent
2995
Unit Type Four Sq Ft
1472
Unit Type Four Units Total
4
Unit Type Five Rent
2995
Unit Type Five Sq Ft
1626
Unit Type Five Units Total
1

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Listing courtesy of Keller Williams Realty Portland Premiere.

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