Parkview Apartments | 104 Unit Apartment Community in Vancouver, Washington

• Irreplaceable Single-Story Community. Parkview offers a rare opportunity to acquire a predominantly single-story multifamily community in Central Vancouver, a product type that is increasingly difficult to replicate. The low-density layout enhances privacy and livability, differentiating the asset within a competitive submarket. The community is situated on a 7.08-acre site, allowing for a more open and spacious layout compared to higher-density developments.

• Compelling Value-Add Opportunity. Current ownership has not implemented rent premiums for fireplaces, private patios, and garage parking, all of which are desirable features in today’s rental market. Additional upside exists through the installation of washer/dryer hookups, currently absent in all units and a top amenity driver in today’s rental market. These improvements can be implemented on unit turnover, enabling phased rent growth with controlled capital deployment.

• Stable Operations with Established Amenities. Parkview benefits from strong in-place operations, supported by solid historical occupancy and a diverse unit mix of one-, two-, and three-bedroom apartments. The property offers an established amenity base including a seasonal pool, clubhouse, leasing office, and multiple on-site laundry facilities, enhancing resident convenience and retention. Residents benefit from convenient access to Vancouver Plaza and surrounding retail corridors, supporting everyday needs and lifestyle convenience.

• Proximity to Major Healthcare Employment. Parkview is located approximately 1.5 miles from PeaceHealth Southwest Medical Center, a 450-bed regional hospital and one of Vancouver’s largest employers. The nearby Vancouver Clinic further expands the healthcare employment base, adding a significant concentration of medical and professional jobs. The surrounding medical corridor supports consistent daytime population density and reinforces local housing demand.

Vancouver, Washington | Strategic Positioning Within the Portland Metropolitan Area

Vancouver is a well-established residential submarket within the Portland metropolitan area, driven by its proximity to major employment centers and its position as a no state income tax alternative to Oregon. This dynamic continues to attract residents seeking access to the Portland job market while benefiting from Washington’s favorable tax structure. Parkview Apartments is ideally located near NE Andresen Road and NE Fourth Plain Boulevard, with convenient access to SR500, I-205, and I-5, providing direct connectivity to Downtown Vancouver, the Columbia River waterfront, and the greater Portland metropolitan area. Proximity to established retail corridors, major healthcare and employment hubs, and everyday services, supports consistent rental demand and reinforces the area’s long-term appeal.