Residential Income Triplex with Daylight
2619 NE 45TH St Vancouver, WA 98663
For Sale
$625,000
MULTI_FAMILY - Vancouver, WA
Property Size2,868 SF
Lot Size0.21 Acres
Price / SF$217.92
Days on Market61
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 1, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 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
- 3
- Roof type
- Composition
Listing Agency:
Keller Williams Realty Professionals
(503) 546-9955
Listed By:
Heather Brymer · License #200609335
(971) 227-6871
Added: May 27
Changed: Jul 20
Last Checked: Jul 26 at 1:06PM
MLS# 169289327
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.
A spacious daylight ranch home with a fully finished lower level, offering flexible living space and separate entrance access. The main level includes three bedrooms, two full bathrooms, fresh interior paint, and an updated kitchen with a casual eating bar and bright dining area flowing into the main living spaces. The daylight lower level adds two additional bedrooms, a full bathroom, a large family room, a laundry area, and flexible kitchen space with direct access to the patio and backyard.
Located in Vancouver, Washington (Clark County) with convenient freeway access, and positioned in a quiet neighborhood. The property is listed as zoned R9 and sits on a 0.21-acre lot.
Additional on-site features include a landscaped backyard and a 12' x 16' shed for storage or future use. Appliances are included, and the property is described as 5 beds and 3 baths (note provided indicates bed/bath count may be incorrect on some listing platforms).
Located in Vancouver, Washington (Clark County) with convenient freeway access, and positioned in a quiet neighborhood. The property is listed as zoned R9 and sits on a 0.21-acre lot.
Additional on-site features include a landscaped backyard and a 12' x 16' shed for storage or future use. Appliances are included, and the property is described as 5 beds and 3 baths (note provided indicates bed/bath count may be incorrect on some listing platforms).
Key Highlights
- Daylight ranch built in 1978 with composition roof
- Main level includes 3 bedrooms, 2 full bathrooms, fresh interior paint, and a bright dining area
- Updated kitchen on the main with casual eating bar and abundant counter space
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 | $57.5k | $20.04 |
| − Vacancy | −$2.7k | −$0.95 |
| EGI | $54.7k | $19.09 |
| − OpEx | −$16.4k | −$5.73 |
| NOI | $38.3k | $13.36 |
2,868 SF · lease $20.04/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$547.4K
$479.0K – $638.7K
NOI $38,321 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$475.2K
$415.8K – $554.5K
NOI $33,267 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$701.7K
$614.0K – $818.7K
NOI $49,120 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - For sale residential income triplex on 0.21 acres in Vancouver with an updated kitchen and fully finished daylight lower level.
Where is this triplex located?
The property is located at 2619 NE 45TH St Vancouver, WA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Daylight ranch built in 1978 with composition roof; Main level includes 3 bedrooms, 2 full bathrooms, fresh interior paint, and a bright dining area; Updated kitchen on the main with casual eating bar and abundant counter space
