Duplex with Fenced
New
For Sale
$519,900
1107 E 30th St, Vancouver, WA 98663
Two fully leased units offer private outdoor space, storage areas, and tenant washer and dryer hookups.
Property Size1,920 SF
Price / SF$270.78
Days on Market5
Property Features for 1107 E 30th St
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$44,988
Public Transit
Yes
Amenities
washer and dryer hookups
fenced backyards
patios
separate storage areas
Building Details
Year Built
1971
Buildings
1
Tenancy
Multi
Listing Agency:
Harcourts Real Estate Network Group
Listed By:
John McClung · License #940300096
(503) 344-4554
Source:
Foxrealestategroups
Added: Sep 6
Last Checked: Sep 9 at 9:28PM
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 Harcourts Real Estate Network Group
Investment Insights
Based on property information with market context.
This 1,920-square-foot duplex, built in 1971, contains two residential units of approximately 960 square feet each. Every unit includes three bedrooms, one full bathroom, washer and dryer hookups, a private patio, and an oversized fenced backyard with separate storage. The property is currently 100% occupied, with leases extending through 10/31/2027 and 3/10/2027.
Set on a corner lot in Vancouver, the property is near shopping, restaurants, public transportation, and everyday amenities. The current expense arrangement has the landlord paying water, sewer, and garbage, while tenants handle the remaining utilities and expenses. The configuration combines established occupancy with practical tenant features and separate outdoor areas for each unit.
Set on a corner lot in Vancouver, the property is near shopping, restaurants, public transportation, and everyday amenities. The current expense arrangement has the landlord paying water, sewer, and garbage, while tenants handle the remaining utilities and expenses. The configuration combines established occupancy with practical tenant features and separate outdoor areas for each unit.
Key Highlights
- Two‑unit duplex totaling 1,920 SF
- Each unit offers 3 bedrooms, 1 full bathroom, and approximately 960 sq. ft.
- 100% occupied with leases extending through 10/31/2027 and 3/10/2027
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
$25,654
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
4.93%
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%
$513,080
$513.1K
Cap Rate 7%
$366,486
$366.5K
Cap Rate 9%
$285,044
$285.0K
Market Conditions
NOI Build-Up for 1,920 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
$38.5K $20.04/SF
− Vacancy
−$1.8K −$0.95/SF
EGI
$36.6K $19.09/SF
− OpEx
−$11.0K −$5.73/SF
NOI
$25.7K $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%
$513,080
Cap Rate 7%
$366,486
Cap Rate 9%
$285,044
Alternative Uses
Best Use
Multifamily LT 5
$366.5K
$320.7K – $427.6K
NOI $25,654 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$318.2K
$278.4K – $371.2K
NOI $22,271 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$469.8K
$411.1K – $548.1K
NOI $32,884 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,503
Businesses Nearby
Explore this area
Business Placement
Demographics for 98663, WA
15,188
Population
6,753
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
3,704
Density / Sq Mi
$84,590
Median Household Income
$47,747
Median Earnings
$1,538
Median Rent
$430,900
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 fully leased units offer private outdoor space, storage areas, and tenant washer and dryer hookups.
Where is this duplex located?
The property is located at 1107 E 30th St Vancouver, WA.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,920 SF; Each unit offers 3 bedrooms, 1 full bathroom, and approximately 960 sq. ft.; 100% occupied with leases extending through 10/31/2027 and 3/10/2027
