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Battle Ground Multifamily Investment Opportunity

908 NE 1ST Ave Battle Ground, WA 98604

908 NE 1ST Ave, Battle Ground, WA, 98604

$1,299,999

For Sale

$1,299,999

MULTI_FAMILY - BattleGround, WA

Property Size4,372 SF

Lot Size0.54 Acres

Price / SF$297.35

AddedJan 28

Days on Market168

Last RefreshJul 15 at 8:06 pm

Property Features for 908 NE 1ST Ave

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R7
Bedrooms: 8
Bathrooms: 5
Rooms: Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 8, Bedroom 7, Bathroom 1, Bathroom 5, Bedroom 2
Standard status: Active
APN: 091052030
Size: 4,372 SF
Lot size: 0.54 Acres

Taxes and HOA fees

Tax Description: ERICKSONS SUB-DIV LOT 15 FOR ASSESSOR USE ONLY ERICKSONS SUB-DIV
Tax Annual Amount: 3600

Building Details

Year built: 1996
Floors in Building: 1
Number of units: 6
Roof type: Composition

Listing agent Stefanie Foster

Listing office Windermere Northwest Living 10710 NW Lakeshore Ave Ste 105, Vancouver, WA

Listing date Jan 28, 2026

MLS# 423211847 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.

Investment Insights

Based on property information with market context.

This property features three duplexes situated on two separate tax lots, presenting a unique investment opportunity. The property includes a total of six units, comprising four 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. Each unit is designed for tenant comfort and convenience and includes laundry hookups, mini-split or wall heat, carpeted bedrooms and living areas, and linoleum flooring in the kitchens and bathrooms. The property provides 10 parking spots, backyards or side yards for most units, and detached storage sheds for some units. Located within a short walk to Main Street in Battle Ground, the property is ideally situated. All units are currently rented with long-term tenants. The buyer may be able to obtain two loans to avoid a commercial loan. This duplex is located in a great location.

Key Highlights

1996‑built property with 3 duplexes on two separate tax lots
Total of 6 units: four 2 bed/1 bath and two 1 bed/1 bath
All units are currently rented with long‑time tenants; buyers subject to interior inspection

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$101.8k	$23.28
− Vacancy	−$5.1k	−$1.16
EGI	$96.7k	$22.12
− OpEx	−$43.5k	−$9.95
NOI	$53.2k	$12.16

4,372 SF · lease $23.28/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$759.7K

$664.8K – $886.3K (±1% cap)

NOI $53,180 @ 7.0% cap · market cap 4.09%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$1.07M

$932.0K – $1.24M (±1% cap)

NOI $74,559 @ 7.0% cap · market cap 5.74%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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Suggested Use

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For sale
Apartment buildings
WA
Battle Ground
98604
908 NE 1ST Ave

What type of property is this?

Apartment building - Six well-maintained units on two tax lots in Battle Ground.

Where is this apartment building located?

The property is located at 908 NE 1ST Ave Battle Ground, WA.

What is the asking price?

The asking price for this property is $1,299,999.

What are key features of this property?

This property features: 1996‑built property with 3 duplexes on two separate tax lots; Total of 6 units: four 2 bed/1 bath and two 1 bed/1 bath; All units are currently rented with long‑time tenants; buyers subject to interior inspection