Duplex with Attached
New
For Sale
$820,000
10703 NE 70TH ST, Vancouver, WA 98662
Two separately metered townhomes are leased through mid-2027, with private entrances and fenced outdoor areas.
Property Size3,016 SF
Lot Size0.24 Acres
Days on Market5
Property Features for 10703 NE 70TH ST
General Information
Standard status
Active
Size
3,016 SF
Total Parking Spaces
2
Lot size
0.24 Acres
Property subtype
MULTI_FAMILY
Occupancy
100%
Financials
Gross Income
$59,400
Average Monthly Rent
$2,475
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$8,416
Amenities
central A/C
in-unit laundry
covered patio
fenced backyard
Building Details
Building Size
3,016 SF
Year Built
2019
Buildings
1
Tenancy
Multi
Listing Agency:
The Lachlan Group LLC
Listed By:
Lily McCausland
(360) 558-1728
Source:
Currangrouprealtors
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 12 at 8:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Lachlan Group LLC
Investment Insights
Based on property information with market context.
Built in 2019, this 3,016-square-foot duplex contains two separately metered townhomes, each offering three bedrooms, two-and-a-half baths, an attached one-car garage, and a fenced backyard with covered patio. Interior features include open main-floor layouts with 9-foot ceilings, wood-look flooring, recessed lighting, and kitchens appointed with shaker cabinetry, granite counters, stainless steel appliances, and seating islands. Upstairs, each home has a primary suite with a walk-in closet and private bath, two additional bedrooms, a full hall bath, and laundry. Central A/C serves both units. The property is fully leased, with leases extending into mid-2027.
The homes occupy a 0.24-acre corner lot in Vancouver’s Orchards area. The lot is about 146 feet deep, with roughly 50 feet of land beyond the existing rear fences. I-205, SR-500, and Orchards Community Park are each about 1 mile away.
The homes occupy a 0.24-acre corner lot in Vancouver’s Orchards area. The lot is about 146 feet deep, with roughly 50 feet of land beyond the existing rear fences. I-205, SR-500, and Orchards Community Park are each about 1 mile away.
Key Highlights
- Two townhomes totaling 3,016 square feet; built in 2019
- Each unit has 3 bedrooms, 2.5 baths, and a separately metered service
- Both units are leased into mid‑2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,299
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,980
$806.0K
Cap Rate 7%
$575,700
$575.7K
Cap Rate 9%
$447,767
$447.8K
Market Conditions
NOI Build-Up for 3,016 SF
Gross rent
$60.4K $20.04/SF
− Vacancy
−$2.9K −$0.95/SF
EGI
$57.6K $19.09/SF
− OpEx
−$17.3K −$5.73/SF
NOI
$40.3K $13.36/SF
Area
Vancouver, WA
Vacancy
4.75%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,980
Cap Rate 7%
$575,700
Cap Rate 9%
$447,767
Alternative Uses
Best Use
Multifamily LT 5
$575.7K
$503.7K – $671.7K
NOI $40,299 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$499.8K
$437.3K – $583.1K
NOI $34,984 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$737.9K
$645.7K – $860.9K
NOI $51,655 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Explore this area
Business Placement
Demographics for 98662, WA
37,134
Population
14,609
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
13.0 sq mi
ZIP Area
2,856
Density / Sq Mi
$91,883
Median Household Income
$45,847
Median Earnings
$1,685
Median Rent
$424,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered townhomes are leased through mid-2027, with private entrances and fenced outdoor areas.
Where is this duplex located?
The property is located at 10703 NE 70TH ST Vancouver, WA.
What is the asking price?
The asking price for this property is $820,000.
What are key features of this property?
This property features: Two townhomes totaling 3,016 square feet; built in 2019; Each unit has 3 bedrooms, 2.5 baths, and a separately metered service; Both units are leased into mid‑2027
