Single-Level
For Sale
$825,000
10905 NE 6th ST, Vancouver, WA 98664
Updated units, private patios, shared laundry, and generous outdoor space support flexible occupancy.
Property Size3,224 SF
Lot Size0.33 Acres
Price / SF$255.89
Days on Market51
Property Features for 10905 NE 6th ST
General Information
Standard status
Active
Size
3,224 SF
Lot size
0.33 Acres
Property subtype
Multi-Family
Occupancy
75%
Site & Location
Neighborhood
Marrion
Highway Access
Yes
Additional Details
Multifamily Units
4
Amenities
private patio
storage space
shared backyard
shared laundry area
Building Details
Year Built
1966
Buildings
1
Stories
1
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 709-4632
Listed By:
Realty Portland Team
(503) 966-4371
Source:
Realtyportland
Added: Sep 5
Changed: Oct 25
Last Checked: Oct 24 at 4:15PM
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 Keller Williams Realty Portland Premiere
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Investment Insights
Based on property information with market context.
This 3,224-square-foot fourplex was built in 1966 and is arranged on one level. The property includes four updated units, each with a private patio and dedicated storage. Exterior components include a roof, siding, brickwork, and double-pane vinyl windows described as being in good condition. Residents also share a fenced backyard, laundry area, and low-maintenance landscaping.
The 0.33-acre site provides two-car driveways for each unit along with additional street parking. Three units are occupied under month-to-month leases, while one is vacant, offering flexibility for an owner-occupant or an investor. The property has quick access to I-205 and other commuter routes serving Downtown Vancouver, Camas, and Portland. Interior living areas remain quiet despite the convenient freeway connection.
The 0.33-acre site provides two-car driveways for each unit along with additional street parking. Three units are occupied under month-to-month leases, while one is vacant, offering flexibility for an owner-occupant or an investor. The property has quick access to I-205 and other commuter routes serving Downtown Vancouver, Camas, and Portland. Interior living areas remain quiet despite the convenient freeway connection.
Key Highlights
- Four‑unit, single‑level layout totaling 3,224 SF
- 0.33‑acre lot with a fully fenced shared backyard
- Three units occupied month‑to‑month; one unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,078
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,560
$861.6K
Cap Rate 7%
$615,400
$615.4K
Cap Rate 9%
$478,644
$478.6K
Market Conditions
NOI Build-Up for 3,224 SF
Gross rent
$64.6K $20.04/SF
− Vacancy
−$3.1K −$0.95/SF
EGI
$61.5K $19.09/SF
− OpEx
−$18.5K −$5.73/SF
NOI
$43.1K $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%
$861,560
Cap Rate 7%
$615,400
Cap Rate 9%
$478,644
Alternative Uses
Best Use
Multifamily LT 5
$615.4K
$538.5K – $718.0K
NOI $43,078 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$534.2K
$467.5K – $623.3K
NOI $37,397 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$788.8K
$690.2K – $920.3K
NOI $55,217 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
75%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Explore this area
Business Placement
Demographics for 98664, WA
24,120
Population
9,656
Households
2.5
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
5.2 sq mi
ZIP Area
4,638
Density / Sq Mi
$81,697
Median Household Income
$46,754
Median Earnings
$1,670
Median Rent
$442,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Updated units, private patios, shared laundry, and generous outdoor space support flexible occupancy.
Where is this quadplex located?
The property is located at 10905 NE 6th ST Vancouver, WA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Four‑unit, single‑level layout totaling 3,224 SF; 0.33‑acre lot with a fully fenced shared backyard; Three units occupied month‑to‑month; one unit vacant
