1000 W 23RD ST

Acquire a rare opportunity to purchase a fully stabilized, low-maintenance 5-unit multifamily asset in a high-demand Vancouver, Washington submarket, located within one of the city’s most supply-constrained infill corridors and supported by consistent in-place income and demonstrated long-term NOI performance. Investment Highlights: $54,775 NOI (2025) with strong historical performance; Gross rental income of $78,642 (2025); Fully occupied, 12-month agreements. Five, 1-bedroom units with consistent demand profile. Individual yard space for select units (rare for this asset class); Located near Downtown Vancouver, major freeways, and retail amenities; Attractive to both first-time investors and 1031 exchange buyers. Offering Price: $985,000Cap Rate: 5.56%; Number of Units: 5