Fairmont Square

06-16-2022
06-16-2022

3320 E 18th St, Vancouver, WA 98661

  • Long-term owner-managed
  • Well-maintained property
  • Generous unit size — single-family-home-like living
  • Convenient location outside Portland city limits, within the city of Vancouver in an attractive, growing neighborhood near goods and services
  • High demand outside the city of Portland, supporting strong market fundamentals
  • Current rents are below market; immediate rental upside

Property Description

Fairmont Square is an eight-unit, single-story apartment community built in 1970 in the Harney Heights neighborhood of Vancouver, Washington. The unique one-story garden court property features three-bedroom flats with generous unit sizes. It also includes a gated courtyard, off-street parking, and carports. The community has been owner-managed, leaving room for operational upside and immediate rent growth.

Fairmont Square is located between state routes 500 and 14. The property is also conveniently near East 4th Plain and East Mill Plain Boulevards, providing connections to I-5 and downtown Vancouver.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 1,375,000
No. of Units
8
GRM / GIM
12.7
Year Built
1970
Building Size
8,344 Sq ft
Lot Size
21344.4 acres
No. of Stories
1
Opportunity Zone
No
Price per unit
$ 171,875
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