Listing provided courtesy of Apex Residential- MLS# 756222554MLS Provider

2700 FALK RDVancouver, WA 98661

Multi-Family · 21,040 Sq. ft. | 2.02 Acres
$3,800,000 Active

2700 FALK RD Overview

Time on Site:
39 days
Visits:
0

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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2700 FALK RD Facts & Features

  • Type Multi-Family
  • Sq. ft. 21,040
  • Price/Sq.ft. $181
  • Lot 2.02 Acres

Details

General

School Information

  • Elementary School: Marshall
  • Middle Or Junior School: McLoughlin
  • High School: Fort Vancouver

Income/Expenses

  • Gross Income: 403305.0
  • Net Operating Income: 246548.0
  • Operating Expense: 155757.0

Building Information

  • Year Built: 1965

Location/Region

  • Country: US
  • County Or Parish: Clark
  • MLS Area Major: 13 - Vancouver: The Heights [SW]
  • Subdivision Name: Bagley Downs

Rent/Lease Information

  • Rent Includes: Sewer,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 32837.0
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 030240030, 030240190
  • Property Condition: Updated/Remodeled
  • Property Type: Multi Family
  • Zoning: R-18

Interior

Building Interior

  • Building Area Total: 21040.0

General Information

  • Cooling: Other
  • Heating: Mini Split
  • Security Features: Security Lights
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Assigned,Garage
  • Parking Total: 40.0

Lot Information

  • Lot Features: Level
  • Lot Size Acres: 2.02
  • Lot Size Square Feet: 87991.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Built-Up,Composition,Flat

General Information

  • Number Of Units Total: 20
  • Sewer: Shared Septic,Standard Septic

2700 FALK RD Neighborhood

Community

98661 (Vancouver) Demographics

35
Median Age
4,277
Population Density (per sq. mile)
38%
College Educated
$59,466
Estimated Median Income
8,763
Estimated Total Home Owners
10,700
Estimated Total Renters
45% / 55%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2700 FALK RD Market Data

Based on the last 30 days in this zip code

$551,662
Average List Price
$323
Average Price per Square Foot
29
Properties Sold
95
Average Days on Market
201
Properties for Sale
Calculations provided by Reliance Network

2700 FALK RD History

Date Event Value Agent
5/21/2026Source: Regional MLS Added to Database
May 21, 2026