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.
Bagley Downs, located between Fourth Plain Boulevard and NE 18th Street, is a residential and commercial Vancouver neighborhood with mid-century ranch homes and a grid of walkable side streets. The neighborhood’s character concentrates around the Fourth Plain Blvd corridor near NE 65th Ave, where taquerias, panaderías, small grocers, and service storefronts keep the sidewalks active. Single-story houses and modest infill sit behind mature street trees, with larger arterials framing the edges. Bagley Community Park adds open lawns and play areas that shape daily routines. Nearby, Clark College and the Clark County Historical Museum anchor local culture and learning. The feel is practical and grounded, with errands and recreation centered on the main corridors.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Attached storage
Fireplace
Hardwood floors
Washer/dryer hookup
Bedrooms
Mostly 2-bedroom units (20 units of this unit type)
Bathrooms
One bathroom in the 2-bedroom unit type
Kitchen
No specific kitchen appliance list provided
Laundry & utility
Washer/dryer hookups in units
Electric hot water
Flooring
Hardwood floors
Heating & cooling
Mini split heating
Cooling listed as other (no central AC)
Exterior features
Brick and wood siding exterior
Security lights
Park/greenbelt view
Level lot
Paved road access
Home design
Multi-family property
Not attached (standalone)
Updated/remodeled condition
Built in 1965
Parking
Assigned parking
Garage parking (total parking spaces: 40)
Security
Security lights
Construction
Built-up, composition and flat roofing
Brick and wood siding construction
Year built 1965
Utilities
Public water
Shared and standard septic
Electric service
HOA & community
Zoned R-18
Financial info
20 total units
Unit type example: 2-bed / 1-bath, 727 area, actual rent listed at $1,630 for that unit type
Building area total 21,040
Lot size about 2.02 acres (1–2.99 acres)
Rent includes water, sewer and trash
Cap rate 6.49, gross rent multiplier 9.42
Electricity and solar
View estimated energy costs and solar savings for this home
The R-18 zoning district is designed to accommodate attached homes such as duplexes and rowhouses, and garden-type apartments at a minimum lot size of 1,800 sq ft per unit. Professional office uses are permitted under certain circumstances. Some retail, civic and institutional uses are allowed conditionally. This zone consolidates the R-18 and OR-18 zones as of March 11, 2004.
Zone overlays
Fourth Plain Corridor Overlay Dist : VAN
Transit Overlay District
Permitted uses
Include but are not limited to:
Agriculture
Housing-Group
Housing-Single unit
Housing-Multiple units
Infrastructure
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 91° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
20 unhealthy days expected this year, 21 days in 30 years
Provided by First Street
Historical weather
Vancouver, WA • 98661
Average low and high temperatures (°F)
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82
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75
55
62
46
52
43
49
41
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Feb
Mar
Apr
May
Jun
Jul
Aug
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Sun exposure
93/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.8 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2700 Falk Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More
This home is pending
The seller has accepted an offer, and this property is now pending.