Constructed in 2025 by a respected local builder, Sparrow Landing presents a rare opportunity to acquire a recently completed 17-unit multifamily asset comprised of a diverse mix of 1, 2, and 3 bedroom residences. The property was thoughtfully designed to maximize resident appeal, featuring spacious floor plans, lofty ceilings, abundant natural light, quality finishes, full appliance packages, window coverings, dedicated off-street parking, and privately fenced patio areas. Newly constructed, Sparrow Landing 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, while its desirable unit mix and resident-focused amenities position it well for long-term occupancy and tenant retention. Additional community amenities include expansive shared greenspace and a highly accessible location near Vancouver Mall, major retailers, dining, recreation, and key commuter corridors. Combining quality construction, strong resident appeal, and the advantages of modern vintage, Sparrow Landing represents a compelling opportunity to acquire a low-maintenance asset with long-term ownership appeal in the growing Vancouver market.
Multi-familyProperty Type
2025Year Built
0.92 acresLot Size
$340Price/Sq.Ft.
30 spacesParking
Listed by Darryl Bodle• Keller Williams Realty Portland Premiere
Listed by Michael Brazie• Keller Williams Realty Portland Premiere
Make a winning offer with the help of a local agent
Around this home
Schools
K - 12
Preschool & daycare
Orchards Elementary School
Public PreK-5 • Assigned • 1.4mi
3/10
Covington Middle School
Public 6-8 • Assigned • 1.1mi
3/10
Heritage High School
Public 9-12 • Assigned • 2.3mi
3/10
Provided by GreatSchools
About Kevanna
Park
Kevanna Park, located between Fourth Plain Boulevard and Mill Plain Boulevard, is a residential and park-adjacent Vancouver neighborhood with mid-century streetscapes and a pocket-park feel. The neighborhood’s character concentrates around the Kevanna Park grounds near NE 28th Street, where ballfields, play areas, and shaded paths set a steady, outdoors-forward rhythm. Housing leans toward ranch-style and split-level homes with mature trees and wide driveways, giving blocks a calm, lived-in look. Daily errands and casual dining cluster along the Fourth Plain corridor, while Mill Plain adds larger retail and services. The park’s open lawns and courts shape a routine of walks, pickup games, and weekend gatherings. Nearby community staples such as Kiggins Theatre, Vault 31 Bar, and Thirsty Sasquatch provide a cultural counterpoint beyond the residential grid.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Attached storage
Bedrooms
Units include 1-bedroom, 2-bedroom and 3-bedroom layouts across the building
Bathrooms
Combination of 1- and 2-bath units
Kitchen
Range
Refrigerator
Laundry & utility
Washer and dryer in units
Electric hot water with tank
Heating & cooling
Mini-split heating
Heat pump and mini-split cooling
Exterior features
Cement, lap and panel siding
Level lot on a paved public road
Tree/woods views
Sidewalks
Home design
Multi-family property
Not attached
New construction
Estimated completion/built in 2025
Parking
Off-street parking
Approximately 30 parking spaces
Construction
Composition roof
Slab foundation
Building area approximately 15,465
Utilities
Electric fuel
Public water
Public sewer
HOA & community
On-site gym and weight room
Zoned R18
Financial info
17 total units
Unit mix and rents by type: three 3-bed/2-bath units (approx. rent $2,345), ten 2-bed/2-bath units (approx. rent $1,795), one 2-bed/1-bath unit (approx. rent $1,795), three 1-bed/1-bath units (approx. rent $1,545)
Gross rent multiplier ~14.16
Cap rate ~5.3
Electricity and solar
View estimated energy costs and solar savings for this home
Attention Investors! Zoned R-18, Multifamily zoning in the city of Vancouver. 1 Acre +/- with sewer & water along the front of property. Two older fixer homes of little value. First home is 816 sq ft, 2 bedroom 1 bath and second home is 648 sq ft, 2 bedroom 1 bath. Zoning allows 12-18 units per acre, duplexes, adult family homes and care facilities, cottage housing & more. Currently homes are hooked to public water & septics. Close to bus line on NE 112th Ave. Showings by appointment only.
RMLS #21652000
Dec 1, 2021
Sold
$380,000
$25/sq ft
Nov 17, 2021
Pending
—
Nov 11, 2021
Relisted
—
Nov 5, 2021
Pending
—
Nov 4, 2021
Listed
$380,000
$25/sq ft
+2
Year
Property tax
Land + Additions
Assessment*
2025
$4,538 (−9.9%)
$457,380
2024
$5,037 (+3.6%)
$457,380
2023
$4,860 (+11.6%)
$308,730 + $218,077
$526,807
2022
$4,355 (+111.6%)
$295,686 + $204,971
$500,657
2021
$2,058 (−0.3%)
$250,028 + $173,784
$423,812
2020
$2,065 (+16.8%)
$217,416 + $148,737
$366,153
2019
$1,768 (−8.9%)
$227,393 + $143,192
$370,585
2018
$1,941 (+17.0%)
$179,468 + $124,550
$304,018
2017
$1,658 (+16.1%)
$132,561 + $137,634
$270,195
2016
$1,428 (+5.8%)
$132,561 + $137,634
$270,195
2015
$1,350 (−4.3%)
$112,167 + $110,468
$222,635
2014
$1,410 (+5.5%)
$97,883 + $99,182
$197,065
2013
$1,336
$97,883 + $99,182
$197,065
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
—
Year renovated
2024
Finished Sq. Ft.
18,364
Unfinished Sq. Ft.
—
Total Sq. Ft.
18,364
Year built
2024
Style
Condo/Co-op
County
Clark County
APN
159537000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 4, 2026.
R-18
Higher-Density Residential District
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.
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
9/10 Air Factor
15 unhealthy days expected this year, 15 days in 30 years
Provided by First Street
Historical weather
Vancouver, WA • 98682
Average low and high temperatures (°F)
48
32
49
35
56
41
65
41
70
47
76
51
82
54
83
58
76
53
62
44
52
41
50
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Vancouver. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4202 NE Morrow Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More