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7011 NE 126th Ave 🏗️ New Construction
B Composite 71.28
Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +30.0/30.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • ARV discount +7.5/15.0
  • Schools +5.0/10.0
  • Livability +3.6/5.0
  • Rent growth +2.7/5.0
  • Condition / age +2.5/5.0
  • Appreciation +0.0/10.0

$50,135,740

7011 NE 126th Ave · Barberton, WA 98686
None bd · 224.0 ba · 1,850 sqft · MultiFamily public records · 24 Days on market
Built 2026 5.46 ac lot

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 1 unit. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks

New Construction Multi-Family Investment Opportunity. Completed in May 2026, this newly developed community features 136 thoughtfully designed residential units with a diverse mix of one-, two-, and three-bedroom floor plans. Each unit offers modern finishes and high-quality amenities, including open-concept layouts, high ceilings, stainless steel appliances, in-unit washers and dryers, private patios or balconies, carports, garages, and additional storage options. Community features pool, sundeck, gym, dog par & play area. The property is ideally situated directly across from the newly opened Curtain Creek Park, providing residents with immediate access to outdoor recreation and area

Key facts

  • New construction
  • Open-concept layouts
  • Modern finishes

Tags

NEW CONSTRUCTIONMODERN FINISHESHIGH QUALITY AMENITIESOPEN-CONCEPT LAYOUTSHIGH CEILINGSSTAINLESS STEEL APPLIANCES

Property features AI

Finance

  • Financial info: 136 total units; Unit rent examples: 3-bed (~$2,550), 2-bed plans (~$2,220–$2,300–$2,250), 1-bed (~$1,920); Unit counts by type: 3-bed: 12 units; 2-bed types: 12, 24, 36, and 4 units across different floorplans; 1-bed: 48 units
  • HOA & community: Community landscaping included; On-site gym; Community pool; Zoned R-30

Exterior

  • Parking: 204 total parking spaces; 6 garage spaces
  • Security: Owned security system
  • Utilities: Electric fuel; Public water; Public sewer; Cable and fiber internet
  • Home design: Multi-family property; New construction (2026)
  • Construction: Built in 2026
  • Exterior features: Flat roof; Other exterior finish; Mountain views; Level lot; Paved road access

Interior

  • Kitchen: Refrigerator; Range; Dishwasher; Disposal; Microwave
  • Bedrooms: Unit mix includes 3-bed, 2-bed, and 1-bed units across multiple floorplans
  • Bathrooms: Units with 1 and 2 bathrooms depending on floorplan
  • Heating & cooling: Mini split heating; Wall unit cooling; Electric hot water
  • Interior features: Attached storage
  • Laundry & utility: Washer/Dryer in many units

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…
🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

  • This is a ?-bed/224.0-bath multifamily listed at $50.14M.

Deal economics

  • At list price, monthly cash flow is $366k ($4.40M/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($902k rent vs $50.14M).
  • Recommended offer: $49.38M (1.5% below list) — sets the bar for market timing.
  • Cap rate 15.1% vs local median 2.5% in Barberton — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 72/100 on livability (#223 in WA) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A-; Watch: amenities F, commute F, cost of living F.
  • Battle Ground School District (suburban): math 48% / reading 60% proficiency, ranked #92 of 291 in WA (top 32%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Pleasant Valley Primary (556 students, 42% FRL); Pleasant Valley Middle (396 students, 45% FRL); Prairie High School (1,603 students, 41% FRL).
  • Market conditions: Rents flat; 332 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,547 units permitted in Clark County in 2024 (1,361 in 5+ unit buildings).
  • At $902,200/mo this rent would consume 10043% of the median local household income ($108k/yr) (locally 364% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $347k of loan paydown is wiped out by about $1.50M of value loss. Plan a longer hold.
  • Clark County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (-3.0% appreciation + 0.8% rent growth), your $14.04M cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 24 days — a 2% lower offer ($49.38M) is reasonable based on typical stale-listing flexibility.
Recommended offer $49,383,703 (1.5% below list)

Questions for the listing agent

  1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  2. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  5. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
1.80%
Cap rate
15.06%
Cash-on-cash
31.31%
DSCR
2.39
GRM
4.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.78% rent growth · sell at horizon

5-year hold
IRR
23.6%
Equity multiple
1.94×
Total profit
$13,245,190
Equity at exit
$7,475,402
10-year hold
IRR
30.1%
Equity multiple
3.41×
Total profit
$33,888,583
Equity at exit
$4,334,822

Cash invested: $14,038,007 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
28 Tenant-Leaning
State Washington
28 Tenant-Leaning · D+8
County
— inherits STATE
City
— inherits STATE
Just-cause statewide (2021); Seattle layers rent control restrictions + relocation assistance; very tenant-friendly.

ZIP-level market 98686

Rents YoY
0.8%
Active inventory
332
Price-to-rent
2366.6×

Monthly cashflow live

Estimated rent
$902,200 high interval (Pro) →
Mortgage (P&I)
$262,917
Tax est. 1.5%
$62,670 /mo · $752,036/yr
Insurance
$20,890
HOA
$0
Vacancy / Maint / Mgmt
$189,462
Net cashflow
$366,261

Break-even live

Break-even rent $438,578
Max offer price $50,135,740
Occupancy floor 54%

Sensitivity live

Price -10% $400,909 -5% $383,585 +0% $366,261 +5% $348,937 +10% $331,613
Rent -10% $294,987 -5% $330,624 +0% $366,261 +5% $401,898 +10% $437,535
Rate -1.0pp $391,509 -0.5pp $379,013 base $366,261 +0.5pp $353,270 +1.0pp $340,053

408-unit breakdown (identical units grouped — click to expand)

UnitsBedsBathsEst. rent
Total (408 units) $902,200

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$12,533,935
Closing costs
$1,504,072
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 14 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
6901 NE 131st Way Vancouver, WA 2.0–3.0 2.0 1155 $1,749 $1.51 0d 5 0.34mi
6958 NE 131st Way Vancouver, WA 3.0 2.5 1917 $2,995 $1.56 4d 1 0.36mi
6816 NE 131st Way Unit 1546002P Vancouver, WA 2.0 2.0 1915 $3,226 $1.68 16d 1 0.37mi
6812 NE 131st Way Vancouver, WA 3.0 2.5 1917 $2,895 $1.51 25d 1 0.37mi
13121 NE 71st Pl Vancouver, WA 3.0 2.5 1624 $2,595 $1.60 18d 1 0.38mi
7009 NE 132nd Way Vancouver, WA 3.0 2.5 1917 $2,825 $1.47 45d 1 0.39mi
6931 NE 132nd Way Vancouver, WA 3.0 2.5 1917 $2,995 $1.56 45d 1 0.39mi
6919 NE 132nd Way Vancouver, WA 3.0 2.5 1917 $2,895 $1.51 45d 1 0.39mi
6907 NE 132nd Way Vancouver, WA 3.0 2.5 1917 $2,825 $1.47 45d 1 0.39mi
10617 NE 60th Ct Vancouver, WA 3.0 2.5 1770 $2,595 $1.47 45d 1 0.98mi
10406 NE 69th Ave Vancouver, WA 3.0 2.0 2041 $2,915 $1.43 0d 1 1.02mi
10406 NE 69th Ave Vancouver, WA 3.0 2.0 2041 $2,915 $1.43 25d 1 1.02mi
9716 NE 61st Ct Vancouver, WA 3.0 2.0 1514 $2,495 $1.65 25d 1 1.41mi
10601 NE 45th Ave Vancouver, WA 3.0 2.0 1409 $2,750 $1.95 45d 1 1.50mi

Listing history 14 events

  1. 2026-06-21
    days on market $50,135,740 Active 24 DOM
  2. 2026-06-18
    days on market $50,135,740 Active 21 DOM
  3. 2026-06-17
    days on market $50,135,740 Active 20 DOM
  4. 2026-06-16
    days on market $50,135,740 Active 19 DOM
  5. 2026-06-15
    days on market $50,135,740 Active 18 DOM
  6. 2026-06-13
    days on market $50,135,740 Active 16 DOM
  7. 2026-06-09
    days on market $50,135,740 Active 12 DOM
  8. 2026-06-08
    days on market $50,135,740 Active 11 DOM
  9. 2026-06-07
    days on market $50,135,740 Active 10 DOM
  10. 2026-06-03
    days on market $50,135,740 Active 6 DOM
  11. 2026-06-02
    days on market $50,135,740 Active 5 DOM
  12. 2026-06-01
    days on market $50,135,740 Active 4 DOM
  13. 2026-05-31
    days on market $50,135,740 Active 3 DOM
  14. 2026-05-28
    listed $50,135,740 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 4/10 Moderate
  • 🌡 Heat 3/10 Moderate 7 d/yr ≥91°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 9/10 Extreme 15 unhealthy d/yr today · 15 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$10,826,400
− Mortgage interest
−$2,808,381
− Property taxes
−$752,036
− Insurance
−$250,679
− Repairs & maintenance
−$866,112
− Management
−$866,112
− Depreciation
−$1,458,494
Taxable income
$3,824,586
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$917,901
After-tax cash flow
$3,477,233/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

District
Battle Ground School District
NCES district ID
5300380
Math proficiency
48% ▼ -1.00%
Reading proficiency
60% ▼ -1.00%
Median HH income
$69,646
Composite
49.81/100
National rank
#4201
State rank
#92 of 291 in WA

Livability — Barberton

Score
72/100
State rank
#223
US rank
#6415

Category grades

Amenities F Commute F Cost of living F Crime A- Employment A+ Housing A+ Health & safety A- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Barberton, WA
County
Clark County · 513,189 people
City population
20,553
Metro
Portland-Vancouver-Hillsboro, OR-WA
Population (ZIP)
21,243
Household income
$107,801
Rent vs Own
23.1% rent · 76.9% own
Severe rent burden
364.0

Population outlook (Clark County) Hauer SSP2

Today (2025)
529,610 people
By 2030
563,242 · +6.4%
By 2040
625,905 · +18.2%
By 2050
681,558 · +28.7%
By 2075
805,967 · +52.2%
By 2100
877,450 · +65.7%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (74%)
Race & ethnicity
White 74% Two or more races 10% Hispanic / Latino 9% Asian 6% Black 2%
Hispanic origin (detail)
Mexican 6%
Common ancestry
Portuguese 6% Slovak 4% Lithuanian 4%
Foreign-born
10% · Canada, Vietnam, South Korea
Languages at home
87% English-only · Spanish 4% Russian/Polish/Slavic 2% Other Indo-European 1%

Political lean MEDSL · Clark

2024 margin
Lean D (+7.0) · D 52.1% · R 45.1% · Other 2.8%
2008→2024 swing
+0.9pp no change · 2008: 6.1pp · 2024: 7.0pp
All cycles
2024: D+7.0 2020: D+5.1 2016: D+0.1 2012: D+0.1 2008: D+6.1

Not yet ingested

Civics

Market trends

HPI YoY
▼ -274.58%
Current HPI
286.8751
Rent YoY
▲ 0.78%
Metro
Portland-Vancouver-Hillsboro, OR-WA
State GDP YoY
▲ 4.65%
F500 in state
22

Industry mix (Fortune 500 HQ in WA)

Industry F500 HQs Revenue

Price history

1 event — show timeline
  • 2026-05-28 Listed $50,135,740 RMLS

Property tax history

+9.9%/yr

Latest (2026): $15,232 · +1.7% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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