Carter Park Duplex with Private
117 W 31ST St Vancouver, WA 98660
For Sale
$729,000
MULTI_FAMILY - Vancouver, WA
Property Size2,894 SF
Lot Size0.12 Acres
Price / SF$251.90
Days on Market14
Property Features for 117 W 31ST St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-9
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2
Standard status
Active
APN
008410000
Size
2,894 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
ROWLEYS ADDITION-7 LOT 5 BLK 11 FOR ASSESSOR USE ONLY ROWLEYS ADD
Tax Annual Amount
7072
Utilities
Heating system
Forced Air
Building Details
Year built
1940
Number of units
2
Roof type
Composition
Listing Agency:
Cano Real Estate LLC
(360) 823-3333
Listed By:
Nathan Cano · License #11141
(360) 947-1237
Added: Jul 15
Changed: Jul 20
Last Checked: Jul 28 at 5:06AM
MLS# 128187696
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 beautifully maintained Carter Park duplex offers two mirrored units with hardwood floors, graceful archways, built-ins, and French multi-pane windows that bring in natural light. Each unit features a spacious living room, a functional kitchen with new refrigerators, ample storage, and generous counterspace. On the main level, there is a comfortable primary bedroom, freshly remodeled bathrooms, and multiple closets for everyday convenience.
The lower level is divided to provide private access for each unit. Both basements include a large bedroom (non-conforming) with a walk-in closet, washer/dryer hookups, and additional storage. One side is plumbed for a sink and toilet, while the other side already includes a sink, supporting potential future customization. Outside, each unit has its own private backyard with patio space, room for garden beds or storage sheds, and alley access.
Zoned R-9, the property also includes a single-car garage with electricity for each unit. The duplex is located on a quiet street near bus lines, schools, shopping, medical offices, restaurants, grocery stores, and Carter Park.
The lower level is divided to provide private access for each unit. Both basements include a large bedroom (non-conforming) with a walk-in closet, washer/dryer hookups, and additional storage. One side is plumbed for a sink and toilet, while the other side already includes a sink, supporting potential future customization. Outside, each unit has its own private backyard with patio space, room for garden beds or storage sheds, and alley access.
Zoned R-9, the property also includes a single-car garage with electricity for each unit. The duplex is located on a quiet street near bus lines, schools, shopping, medical offices, restaurants, grocery stores, and Carter Park.
Key Highlights
- 1940 Carter Park duplex with forced air heating and a composition roof
- Each mirrored unit features hardwood floors, archways, built‑ins, and French multi‑pane windows
- Kitchens in both units include new refrigerators, abundant storage, and generous counterspace
Financial Insights For Multifamily LT 5
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 | $58.0k | $20.04 |
| − Vacancy | −$2.8k | −$0.95 |
| EGI | $55.2k | $19.09 |
| − OpEx | −$16.6k | −$5.73 |
| NOI | $38.7k | $13.36 |
2,894 SF · lease $20.04/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$552.4K
$483.4K – $644.5K
NOI $38,669 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$479.6K
$419.6K – $559.5K
NOI $33,569 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$708.1K
$619.6K – $826.1K
NOI $49,566 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Maintained duplex with remodeled bathrooms, private basements, private backyards, and single-car garages with electricity.
Where is this duplex located?
The property is located at 117 W 31ST St Vancouver, WA.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: 1940 Carter Park duplex with forced air heating and a composition roof; Each mirrored unit features hardwood floors, archways, built‑ins, and French multi‑pane windows; Kitchens in both units include new refrigerators, abundant storage, and generous counterspace
