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LuzMaria Simmons

realtor@luzmariasimmons.com +1(503) 422-1919

Listed by Keller Williams Realty Portland Premiere

$ 13,539,900

Est. payment | -/mo

39,217 SqFt

Save Virtual Tour

$ 13,539,900

Est. payment | -/mo

Save Virtual Tour

39,217 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 39,217 sqft

Price per Sqft $345

Subdivision Hazel Dell

MLS Listing ID 287756870

Year Built 2026

Lot Size 1.840 Acres

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 $740,765 and a projected cap rate of 5.47%, 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

Rooms

Basement Crawl Space

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, Public Road

Story 2

Foundation Concrete Perimeter, Stem Wall

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

Regional Multiple Listing Service (RMLS)

Nearby Locations

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+1(503) 422-1919

realtor@luzmariasimmons.com

2175 NW Raleigh Str #110, Portland, Oregon 97210, USA

6802 NE 15th CT Vancouver, WA 98665