Investment Overview

The Investment Sales Team of IPA has been retained as the Exclusive Listing Brokers for of sale of Wildflower Apartments, a 186-unit multifamily community situated on 10 acres within the desirable Cascade East neighborhood in Vancouver, recognized as the fastest growing city in the Pacific Northwest by U.S. Census Bureau in 2023.

Wildflower is strategically located between the existing Columbia Tech Center (“CTC”) and future Vancouver Innovation Center (“VIC”) providing residents direct access to two rapidly expanding employment drivers, while also providing access into Downtown Vancouver and Downtown Portland. The property has been held and managed by the same local owner for over 30 years, and this opportunity represents the first time being offered to the market since the original acquisition. All 186 units are 2 bedroom / 2 bathroom floorplans with an average size of ±850 SF, maintain a “classic” renovation scope, allowing a new investor the opportunity to capitalize on a blank slate repositioning.

Blank-Slate Value-Add Opportunity

All unit interiors maintain original finishes, providing a clear value-add opportunity through a comprehensive renovation program. Surrounding communities are achieving rental premiums of approximately $450 per month over Wildflower’s current in-place rents. Additional operational efficiencies further enhance the property’s upside potential.

Affluent Neighborhood Demographics

Located in the desirable Cascade Park neighborhood with average household income of $124,976 within a 3-mile radius of Wildflower

Walkable Suburban Neighborhood

Residents enjoy convenient access to a variety of shopping, dining, and grocery options, including Fred Meyer and New Seasons Market, all within a half-mile of the property. With a Walk Score of 70, Wildflower is considered “Very Walkable” for a suburban location.

Strategic Location & Accessibility to
Employment Drivers

Minutes from downtown Portland, the Vancouver Waterfront, PDX International Airport, and major employment centers via Interstate 205. The property is also located near the Vancouver / Camas Columbia Tech Corridor, home to more than 4 million square feet of office and technology space.

First Time on the Market in 30 Years

Wildflower has been under the same ownership for the past 30 years, providing operational continuity and a stable tenant base. Long-term ownership has supported strong historical performance, with average occupancy of ±98% over the past 12 months.

#1 Fastest Growing City in the Pacific Northwest

Vancouver was recognized by the U.S. Census Bureau in 2023 as the fastest-growing city in the Pacific Northwest and continues to experience meaningful population growth, with approximately 1.2% year-over-year growth in 2025. Clark County has also benefited from sustained in-migration from Multnomah County, driven in part by Washington’s favorable tax environment.