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    Residential Income Property with Daylight Lower Level Title is generated by Realmo AI

    2619 NE 45TH St, Vancouver, WA 98663

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    Claim this Listing
    For Sale
    $635,000

    MULTI_FAMILY - Vancouver, WA

    Property size:
    2,868 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $221/SF
    Added:
    May 27, 2026
    Days on Market:
    15
    Last Refresh:
    Jun 10 at 6:06 pm

    Property Features for 2619 NE 45TH St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    r9
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2
    Standard status
    Active
    APN
    151504000
    Size
    2,868 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Description
    #18 N HENRICHSEN CL .21A FOR ASSESSOR USE ONLYTHAT PORTION OF THE
    Tax Annual Amount
    5038

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    1978
    Floors in Building
    2
    Number of units
    6
    Roof type
    Composition

    We can help!

    Listing Contact
    Heather Brymer

    Listing agent Heather Brymer License #200609335

    Listing office Keller Williams Realty Professionals 2211 E Mill Plain Blvd Ste 302, Portland, WA

    Listing date May 27, 2026

    MLS# 169289327 Listing URL

    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.

    HighLights

    • Open 6/18 3‑5PM: spacious 1978 daylight ranch with main‑level and fully finished lower‑level living space
    • Main level includes 3 bedrooms, fresh interior paint, and 2 full bathrooms
    • Updated kitchen on the main level with eating bar and bright dining area
    • Fully finished daylight lower level offers 2 additional bedrooms, a full bathroom, large family room, laundry area, and flexible kitchen space
    • Lower level has a separate entrance and direct patio/backyard access
    • 12' x 16' shed for storage (workshop/studio/hobby space potential) and all appliances included

    Overview

    This spacious daylight ranch offers a flexible layout across a main level and a fully finished lower level. The main level includes three bedrooms, two full bathrooms, fresh interior paint, and an updated kitchen with an eating bar and bright dining area flowing into the main living spaces. Downstairs, the lower level features two additional bedrooms, a full bathroom, a large family room, a laundry area, and a flexible kitchen space with direct access to the patio and backyard. A separate entrance provides additional privacy and usability for a variety of living arrangements.

    Located in Vancouver, Washington in zoning r9, the home is positioned in a quiet neighborhood with convenient freeway access. The property sits on a 0.21-acre lot and includes a landscaped backyard for outdoor time. Storage is addressed with a 12' x 16' shed that could also be used as a workshop, studio, or hobby space.

    For owner-occupants and investors alike, the configuration supports multiple lifestyle needs, including multi-generational living, guest accommodations, or a home business setup. Appliances are included, and the overall condition is described as well-maintained with updated main-level kitchen finishes, making it a turnkey option for buyers seeking functional, adaptable space.

    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 $63.7k $22.20
    − Vacancy −$3.2k −$1.11
    EGI $60.5k $21.09
    − OpEx −$27.2k −$9.49
    NOI $33.3k $11.60
    2,868 SF · lease $22.20/SF/yr · vacancy 5.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $475.2K
    $415.8K – $554.5K (±1% cap)
    NOI $33,267 @ 7.0% cap · market cap 5.24%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $701.7K
    $614.0K – $818.7K (±1% cap)
    NOI $49,120 @ 7.0% cap · market cap 7.74%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.643644
    Latitude
    45.653376

    FAQs

    What type of property is this?
    Single family property - Daylight lower level with a separate entrance expands options for multi-generational living or guest accommodations.
    Where is this single family property located?
    The property is located at 2619 NE 45TH St Vancouver, WA.
    What is the asking price?
    The asking price for this property is $635,000.
    What are key features of this property?
    This property features: Open 6/18 3‑5PM: spacious 1978 daylight ranch with main‑level and fully finished lower‑level living space; Main level includes 3 bedrooms, fresh interior paint, and 2 full bathrooms; Updated kitchen on the main level with eating bar and bright dining area
    More about this property
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