Cedar Park Apartments

HFO is pleased to present Cedar Park Apartments, a 50-unit multifamily investment opportunity located in Vancouver, Washington. The property offers a unique combination of newly constructed apartments and established duplex-style residences, providing a diverse unit mix that appeals to a broad renter demographic. With significant recent capital improvements, modern amenities, and substantial rental upside, Cedar Park presents an attractive opportunity for an investor seeking a well-positioned asset with strong long-term potential.

The property consists of 15 newly constructed apartment units completed in 2025, 34 established duplex-style units originally built in 1971, and a single-family residence. Recent capital investments include new roofs on the apartment and duplex buildings, upgraded parking and site improvements, enhanced water management, and extensive interior renovations throughout the original units. Residents enjoy spacious floor plans, in-unit laundry, durable modern flooring, efficient heating and cooling, and dedicated off-street parking.

Cedar Park is located in Vancouver's Fourth Plain Village neighborhood, approximately 1.5 miles from Clark College and near numerous shopping, dining, and employment destinations. Convenient access to I-5, I-205, SR-500, and public transportation connects residents to Downtown Vancouver, Portland, and Portland International Airport.

Having been operated under long-term, self-managed ownership with an emphasis on occupancy rather than maximizing rental income, the property offers a compelling opportunity to increase revenue through professional management and rents that better reflect prevailing market conditions. With substantial capital improvements already completed, a diverse residential offering, and potential seller carry financing available to qualified buyers, Cedar Park Apartments is well-positioned for continued performance and future income growth.