2700 FALK RD Vancouver, WA $ 3,800,000
2700 FALK RD
$ 3,800,000
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2700 FALK RD

Vancouver, WA, 98661
$ 3,800,000
Bedrooms2 Baths1.0 Sq 21,040

Monthly Estimate*

$ 23,397

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Multi-Family Home for sale in Vancouver, WA

for $3,800,000 with 2 bedrooms and 1 full bath. This 21,040 square foot home was built in 1965 on a lot size of 2.02.

Cottonwood Court presents a compelling opportunity to acquire a20-unit value-add multifamily community in the growing Vancouvermarket, positioned to benefit from continued regional demand andstrong connectivity to Portland.Constructed in 1965, the property consists entirely of well-designed 2-bedroom, 1-bath units, each featuring a consistent and efficient floor plan. Units average ± 727 SF and are complemented by ± 325 SF attached garages, a rare amenity that, combined with in-unit washer and dryer, enhances tenant appeal and supports long-term retention. Vaulted, sloped ceilings and charming fireplaces add architectural character and create a warm, inviting living environment that differentiates the property from typical vintage product.Cottonwood Court offers a clear and executable path to valuecreation. Ownership has begun renovating units as they turn, withthree units already upgraded to include modern finishes such asshaker-style cabinetry, updated countertops, and stainless steelappliances. These improvements provide a proven blueprint forcontinued renovations, allowing a new owner to systematicallyenhance the remaining units and capture meaningful rental upside.

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Multi-Family Active

Price

$ 3,800,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 32,837

Style

Lot Size

2.02

Year Built

1965

Town/City

Vancouver

County/Region

Clark

MLS | Web ID

756222554

Features
General
Sewer SharedSeptic StandardSeptic
Heating MiniSplit
Cooling Other
Roof BuiltUp Composition Flat
Zoning R-18
Security Features SecurityLights
Year Built 1965
Stories Count 1
Tax Year 2025
Parcel Number 030240030 030240190
Gross Income 403305.0
County Clark
Net Operating Income 246548.0
Operating Expense 155757.0
Property Type MultiFamily
HOA N
Subdivision Name Bagley Downs
Rent Includes Sewer TrashCollection Water
Status Active
Directions Falk Road
High School Fort Vancouver
City Vancouver
Number Of Units Total 20
MLS Area _13
Lot Size Square Feet 87991.0
Listing Terms Cash Conventional
Elementary School Marshall
Tax Annual Amount 32837.0
Middle/Junior High School McLoughlin
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SUB DIV YOUNG EST #3 TT 1A E .23A FOR ASSESSOR USE ONLY BAAP ON W
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Interior
Storage Attached
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit Type UnitTypeType1
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Exterior
Parking Features Assigned Garage
Lot Features Level
Water Source PublicWater
Total Parking 40.0
Exterior Description Brick WoodSiding
Building Area Total 21040.0
Lot Size Acres 2.02
Road Surface Type Paved
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Internal Only
Street Number 1 2700
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* Excluded Features
List By
Apex Residential

Broker

jordan@apexcre.com

Email

Affordability Calculator

$26,134
Per Month
90%
10%
0%
Monthly Principal & Interest
$23,397
Monthly Property Taxes
$2,736
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1950259 Elementary School
1948906 Middle School
Fort Vancouver High School High School
Pricing History
DatePricePrice ChangeDescription
5/21/2026$3,800,000 Listed Price

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2700 FALK RD, Vancouver, WA, 98661 is a Multi-Family Home for sale at $3,800,000 with 21,040 sqft and a lot size of 2.02. 2700 FALK RD has 2 bedrooms, 1.0 baths, and was built in 1965. The property's zip code is 98661 which is in Vancouver, WA