1000 W 23RD St Vancouver, WA 98660
MULTI_FAMILY - Vancouver, WA
- Added:
- Jul 8, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 12 at 12:06 am
Property Features for 1000 W 23RD St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-9
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bedroom 2, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 5, Bedroom 4, Bedroom 1, Bathroom 3
- Standard status
- Active
- APN
- 061880000
- Size
- 5,025 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Description
- PORTLAND ADD ANNEX LOT 7 & 8 BLK A FOR ASSESSOR USE ONLY PORTLAND
- Tax Annual Amount
- 7603
Building Details
- Year built
- 1964
- Floors in Building
- 1
- Number of units
- 5
Listing agent Stacie Whitfield License #13147 (425) 344-6779
Listing office List4FlatFee.com, LLC 330 NE Cedar St #201, Camas, WA (425) 344-6779
Listing date Jul 8, 2026
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1000 W 23RD St in Vancouver, Washington (Clark County), the building sits within an infill corridor and is positioned near Downtown Vancouver, major freeways, and retail amenities. The property is zoned R-9.
From an ownership perspective, the current financials provided include gross rental income of $78,642 for 2025 and $54,775 of NOI for 2025, supported by the long-term performance referenced in the offering materials. With all units occupied and consistent 1-bedroom unit mix, the property may be well-suited for investors or 1031 exchange buyers seeking a small, income-producing multifamily asset in Vancouver.
Key Highlights
- 5‑unit multifamily asset built in 1964
- $78,642 gross rental income (2025) with $54,775 NOI (2025)
- Cap rate of 5.56%
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.6k | $22.20 |
| − Vacancy | −$5.6k | −$1.11 |
| EGI | $106.0k | $21.09 |
| − OpEx | −$47.7k | −$9.49 |
| NOI | $58.3k | $11.60 |
