Well-Cared-For Duplex with Attached
For Sale
$529,900
1101 NE 142ND AVE, Vancouver, WA 98684
Two bed, one bath duplex units with attached garages and fenced backyards, built in 1977.
Property Size1,570 SF
Days on Market66
Property Features for 1101 NE 142ND AVE
General Information
Standard status
Active
Size
1,570 SF
Property subtype
MULTI_FAMILY
Taxes and HOA fees
Annual Taxes
$4,611
Building Details
Building Size
1,570 SF
Year Built
1977
Listing Agency:
FBR Realty, Inc.
Listed By:
Travis Glendenning
(360) 903-7002
Source:
Eleeterealestate
Added: Jul 28
Changed: Sep 21
Last Checked: Sep 30 at 6:01PM
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 FBR Realty, Inc.
Investment Insights
Based on property information with market context.
This well-cared-for duplex offers two bed, one bath attached-garage units. Each unit includes a fenced backyard, supporting outdoor privacy and everyday convenience. The property has seen some updates within the past 10 years and is currently home to long-time tenants.
The duplex is located at 1101 NE 142ND AVE in Vancouver, WA 98684. Built in 1977, it presents a straightforward residential income configuration for buyers seeking a two-unit setup with attached parking and yard space.
With its consistent unit layout and on-site outdoor areas, the property is designed for tenant usability and practical day-to-day living.
The duplex is located at 1101 NE 142ND AVE in Vancouver, WA 98684. Built in 1977, it presents a straightforward residential income configuration for buyers seeking a two-unit setup with attached parking and yard space.
With its consistent unit layout and on-site outdoor areas, the property is designed for tenant usability and practical day-to-day living.
Key Highlights
- Duplex with two bed, one bath attached‑garage units
- Fenced backyards for tenant use
- Some updates completed within the past 10 years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,978
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$419,560
$419.6K
Cap Rate 7%
$299,686
$299.7K
Cap Rate 9%
$233,089
$233.1K
Market Conditions
NOI Build-Up for 1,570 SF
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.
Gross rent
$31.5K $20.04/SF
− Vacancy
−$1.5K −$0.95/SF
EGI
$30.0K $19.09/SF
− OpEx
−$9.0K −$5.73/SF
NOI
$21.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$419,560
Cap Rate 7%
$299,686
Cap Rate 9%
$233,089
Alternative Uses
Best Use
Multifamily LT 5
$299.7K
$262.2K – $349.6K
NOI $20,978 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$260.2K
$227.6K – $303.5K
NOI $18,211 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$384.1K
$336.1K – $448.2K
NOI $26,889 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Explore this area
Business Placement
Demographics for 98684, WA
33,659
Population
14,355
Households
2.3
Avg Household Size
37
Median Age
29%
College-Educated
90%
High-School Grad
7.1 sq mi
ZIP Area
4,741
Density / Sq Mi
$88,044
Median Household Income
$48,108
Median Earnings
$1,847
Median Rent
$442,100
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two bed, one bath duplex units with attached garages and fenced backyards, built in 1977.
Where is this duplex located?
The property is located at 1101 NE 142ND AVE Vancouver, WA.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Duplex with two bed, one bath attached‑garage units; Fenced backyards for tenant use; Some updates completed within the past 10 years
