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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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2700 Falk Rd , Vancouver, WA 98661
$3,800,000
Est. Payment: $19,099.06/mo
40 Bed
20 Bath
21040 Sqft
Status: pending | Days on site: 49
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

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.

Highlights

Listed by Jordan Fezler , 503-313-8149 Apex Residential , 503-595-2840. Portland Regional Multiple Listing Service mls logo

Property Type

Multi-Family

Lot/Acreage
2.02

Year Built

1965

County

Clark

Area

13 - Vancouver: The Heights [SW]

Neighborhood

Bagley Downs

Listing ID

756222554

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:40
  • Bathrooms:20
  • Full Bathrooms:20
Other:Public Water

Exterior Features

Lot:Level
Garage Capacity:40
Zoning:R-18
Roof:Built-Up,Composition,Flat
Others:Updated/Remodeled
Sewer:Shared Septic,Standard Septic
Parking Features:Assigned,Garage
Principal Interest
$19,099
Taxes
$2,736

Home Price

$3,800,000

Loan Details

30 yrs
6.442%

Down Payment

20%
$760,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$19,099.06

Principal

Taxes

Principal Taxes HOA Total
Monthly $19,099.06 $2,736.42 $0.00 $21,835.47
Yearly $229,188.69 $32,837.00 $0.00 $262,025.69
Total $6,875,660.85 $985,110.00 $0.00 $7,860,770.85

Today's Rates

30 Year

6.44%

20 Year

6.2%

15 Year

5.92%

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Market insight data is pulled from the same city as the listing being viewed (Vancouver, WA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.


The data relating to real estate for sale on this web site comes in part from the Portland Regional Multiple Listing Service. Real estate listings held by brokerage firms other than The AskSarita Team | Keller Williams Sunset Corridor are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor technology provider shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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Data last updated: 2026-07-24T03:19:25.000Z

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