Quadplex with Vinyl Windows and Four-Year-Old
New
For Sale
$795,000
2509 T St, Vancouver, WA 98661
MULTI_FAMILY - Vancouver, WA
Property Size2,784 SF
Lot Size0.19 Acres
Price / SF$285.56
Days on Market6
Property Features for 2509 T St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R 30
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bedroom 7, Bedroom 5, Bedroom 8, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 1
Elementary school
Washington
Middle school
Discovery
High school
Hudsons Bay
Directions
North on T St from Fourth Plain Blvd
Subdivision
_12
Standard status
Active
APN
023277000
Size
2,784 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
COLUMBIA ORCHARD LOTS #21 LOT 22 FOR ASSESSOR USE ONLY BEG AT A P
Tax Annual Amount
6148
Legal Description
COLUMBIA ORCHARD LOTS #21 LOT 22 FOR ASSESSOR USE ONLY BEG AT A P
Building Details
Year built
1976
Floors in Building
1
Number of units
4
Roof type
Composition
Listing Agency:
Weichert Realtors, Equity NW
(360) 253-1212
Listed By:
Paul Stevens
(360) 921-1277
Added: Jul 27
Changed: Aug 1
Last Checked: Aug 1 at 6:06AM
MLS# 490929213
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.
Quadplex at 2509 T St featuring three extensively updated units and a fourth unit occupied by the same tenants for nearly 20 years. The property includes vinyl windows and a roof reported as four years old, with a composition roof noted. Built in 1976, the building also offers off-street parking.
The site sits on a 0.19-acre lot in zoning R 30. It is near Clark College, the VA Hospital, and bus lines, with Fourth Plain Blvd about a half block away—supporting convenient access for tenants.
With a compact footprint totaling 2,784 square feet, this is a straightforward multifamily income property configuration with recent interior updates in three of the four units.
The site sits on a 0.19-acre lot in zoning R 30. It is near Clark College, the VA Hospital, and bus lines, with Fourth Plain Blvd about a half block away—supporting convenient access for tenants.
With a compact footprint totaling 2,784 square feet, this is a straightforward multifamily income property configuration with recent interior updates in three of the four units.
Key Highlights
- Three units extensively updated; fourth unit occupied by same tenants for nearly 20 years
- Vinyl windows plus composition roof reported four years old
- Off‑street parking
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 | $55.8k | $20.04 |
| − Vacancy | −$2.7k | −$0.95 |
| EGI | $53.1k | $19.09 |
| − OpEx | −$15.9k | −$5.73 |
| NOI | $37.2k | $13.36 |
2,784 SF · lease $20.04/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$531.4K
$465.0K – $620.0K
NOI $37,199 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$461.3K
$403.7K – $538.2K
NOI $32,293 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$681.2K
$596.0K – $794.7K
NOI $47,682 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
Explore this area
Business Placement
Demographics for 98661, WA
48,983
Population
22,291
Households
2.2
Avg Household Size
36
Median Age
27%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,494
Density / Sq Mi
$75,037
Median Household Income
$43,920
Median Earnings
$1,440
Median Rent
$424,700
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?
Quadplex - Quadplex with three extensively updated units, vinyl windows, a four-year-old roof, and off-street parking.
Where is this quadplex located?
The property is located at 2509 T St Vancouver, WA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Three units extensively updated; fourth unit occupied by same tenants for nearly 20 years; Vinyl windows plus composition roof reported four years old; Off‑street parking
