Duplex with Fenced
New
For Sale
$519,900
1107 E 30TH St, Vancouver, WA 98663
MultiFamily, Vancouver, WA
Property Size1,920 SF
Lot Size0.18 Acres
Price / SF$270.78
Days on Market4
Property Features for 1107 E 30TH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-9
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 5
Elementary school
Washington
Middle school
Discovery
High school
Hudsons Bay
Directions
Corner of E 30th St and L St
Subdivision
_12
Standard status
Active
APN
019860000
Size
1,920 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
ROWLEYS ADDITION-6 LOT 1 #12 BLK 10 LAYS ANNEX #1H FOR ASSESSOR U
Tax Annual Amount
4374
Legal Description
ROWLEYS ADDITION-6 LOT 1 #12 BLK 10 LAYS ANNEX #1H FOR ASSESSOR U
Utilities
Heating system
Zoned
Amenities
washer/dryer hookups
fenced backyard
patio
storage
Building Details
Year built
1971
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Harcourts Real Estate Network Group
(503) 344-4554
Listed By:
John McClung · License #940300096
(503) 807-5711
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 29 at 3:06PM
MLS# 789565722
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.
This R-9-zoned duplex contains 1,920 square feet across two residential units, each with three bedrooms, one full bathroom, approximately 960 square feet, and washer and dryer hookups. Both residences include oversized fenced backyards, patios, and separate tenant storage areas. The property was built in 1971 and has a composition roof with zoned heating.
Occupancy is currently 100%, with leases extending through 10/31/2027 for one unit and 3/10/2027 for the other. The landlord pays water, sewer, and garbage, while tenants handle the remaining utilities and expenses. Situated on a 0.18-acre corner lot at 1107 E 30TH St in Vancouver, the property is near shopping, restaurants, public transportation, and everyday amenities.
Occupancy is currently 100%, with leases extending through 10/31/2027 for one unit and 3/10/2027 for the other. The landlord pays water, sewer, and garbage, while tenants handle the remaining utilities and expenses. Situated on a 0.18-acre corner lot at 1107 E 30TH St in Vancouver, the property is near shopping, restaurants, public transportation, and everyday amenities.
Key Highlights
- Two‑unit duplex totaling 1,920 square feet
- Each unit offers 3 bedrooms, 1 full bathroom, and approximately 960 square feet
- 100% occupied with leases through 10/31/2027 and 3/10/2027
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,654
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$513,080
$513.1K
Cap Rate 7%
$366,486
$366.5K
Cap Rate 9%
$285,044
$285.0K
Market Conditions
NOI Build-Up for 1,920 SF
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.
Gross rent
$38.5K $20.04/SF
− Vacancy
−$1.8K −$0.95/SF
EGI
$36.6K $19.09/SF
− OpEx
−$11.0K −$5.73/SF
NOI
$25.7K $13.36/SF
Area
Vancouver, WA
Vacancy
4.75%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$513,080
Cap Rate 7%
$366,486
Cap Rate 9%
$285,044
Alternative Uses
Best Use
Multifamily LT 5
$366.5K
$320.7K – $427.6K
NOI $25,654 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$318.2K
$278.4K – $371.2K
NOI $22,271 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$469.8K
$411.1K – $548.1K
NOI $32,884 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,503
Businesses Nearby
Explore this area
Business Placement
Demographics for 98663, WA
15,188
Population
6,753
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
3,704
Density / Sq Mi
$84,590
Median Household Income
$47,747
Median Earnings
$1,538
Median Rent
$430,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit property with private patios, storage areas, and tenant-paid utilities beyond water, sewer, and garbage.
Where is this duplex located?
The property is located at 1107 E 30TH St Vancouver, WA.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,920 square feet; Each unit offers 3 bedrooms, 1 full bathroom, and approximately 960 square feet; 100% occupied with leases through 10/31/2027 and 3/10/2027
