Property Details
1016 NE 86th Street
Vancouver, WA 98665
$3,650,000
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Property Overview
We are pleased to present Sydney Court, a 20-unit apartment community in the Hazel Dell neighborhood of Vancouver, Washington. Built in 1968 across two buildings, the property offers two-bedroom, one-bath and three-bedroom, two-bath floor plans averaging 870 square feet, with full-size in-unit washers and dryers in every home. Offered at $3,650,000 ($183,000 per unit / $210 per NRSF), the property delivers a 6.53% in-place cap rate with current rents approximately 7.89% below market. Eighteen of the twenty units have been extensively renovated with stainless appliances, quartz counters, new cabinets, flooring, trim, doors, and lighting, and the roof was replaced in 2022, minimizing near-term capital needs. The Hazel Dell location offers convenient access to a major retail corridor anchored by Walmart, Target, and Kohl’s, plus Hazel Dell Marketplace, area employment centers, and regional transportation.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Clark
Neighborhood
Hazel Dell
Listed
Aug 5, 2026
Structure Type
Multi Family
Parcel Number
97976011
Tax & HOA
Annual Property Tax
$30,074 (2026)
Est. Monthly Tax
$2,506/mo
Financial Summary
Cap Rate
6.53%
Net Operating Income
$238,356
Gross Scheduled Income
$377,457
Gross Rent Multiplier
10.43
Total Expenses
$121,599
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
17,400
Leasable Area
17,400 sqft
Total Units
20
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
20,909 sqft
Year Built
1968
Exterior & Lot
Lot Size
0.48 sqft
Year Built
1968
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
From I-5, take Exit 4 (NE 78th St) and head east. Turn north on NE Hwy 99, east on NE 88th St, then south on NE 10th Ave to NE 86th St. Property is on the south side.
Location
City
Vancouver
County
Clark
Coordinates
45.68491, -122.66187
Additional Information
Tax Year
2026
Annual Taxes
$30,074
Possession
Array
Based on information submitted to the MLS GRID as of August 5, 2026 7:15 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
