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2 Beds
1 Bath
21,040 sqft

$3,800,000

2700 FALK RD, Vancouver WA, 98661

Price per sqft$180.61
Built in1965
Property size21,040 sqft
Property typeMulti-family
Listing Courtesy of Apex Residential, Jordan Fezler. 503-313-8149

Overview

Pending

Listed May 21, 2026

Updated Jul 24

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.

$25,281/mo

Est. mortgage payment based on a $3,800,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
756222554

Interior Features

Bedrooms
2
Bathrooms
1
Heating
Yes
Basement
No

Exterior Features

Lot Size
2.02 Acres

Other Property Details

Taxes
$32,837
Tax Frequency
Annually
View
Yes
MLS provider logo

Listing Courtesy of Apex Residential, Jordan Fezler. 503-313-8149

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Manor Homes are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on 7/24/2026, 2:35 PM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available

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