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Listed by Keller Williams Realty Portland Premiere
$ 13,798,800
Est. payment | /mo
$ 13,798,800
Est. payment | /mo
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Hazel Dell
MLS Listing ID 287756870
Year Built 2026
Property Description
Obsidian presents a unique opportunity to acquire a newly constructed 40-unit residential community thoughtfully designed to provide a diverse mix of housing options within a cohesive neighborhood setting. Comprised of 12 triplex buildings and one fourplex, the community includes 16 three-bedroom residences with attached garages and 24 one-bedroom homes. Each triplex is configured with a spacious primary residence complemented by two attached 1-bedroom, 1-bath ADUs, creating a highly efficient housing product that appeals to a broad range of residents while diversifying income streams across the asset.Constructed by a respected local builder, Obsidian showcases quality craftsmanship, thoughtfully designed floor plans, and modern finishes throughout. The three-bedroom residences offer attached garages and larger living spaces that appeal to long-term residents and family-oriented households, while the spacious, one-bedroom homes (with an average of 521 SF) provide efficient, attainable housing options that support strong leasing demand. Together, the diverse unit mix creates multiple demand drivers and contributes to occupancy stability.As a recently completed asset, Obsidian benefits from modern construction, durable building materials, and thoughtfully selected finishes designed to support long-term ownership. The property's quality construction helps reduce maintenance demands, limit future capital expenditure requirements, and promote operational efficiency. Combined with a projected NOI of approximately $737,645 and a projected cap rate of 5.35%, Obsidian represents a compelling opportunity to acquire a modern, low-maintenance residential investment positioned for stable cash flow and long-term ownership performance.
Location
State WA
County Clark
Area _15
Zoning R1-5
Interior
Heating Forced Air
Cooling Heat Pump, Mini Split
Exterior
View Territorial, Trees Woods
Roof Type Composition
Garage No
Building
Lot Description Gentle Sloping, Level
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Hazel Dell
Middle Schools Jason Lee
High Schools Hudsons Bay
Others
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://youtu.be/8_pqdYvK6kQ
Nearby Locations
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