Two-Unit Three-Bedroom
For Sale
$519,900
1107 E 30TH St, Vancouver, WA 98663
MultiFamily, Vancouver, WA
Property Size1,920 SF
Lot Size0.18 Acres
Price / SF$270.78
Days on Market37
Property Features for 1107 E 30TH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-9
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 1
Elementary school
Washington
Middle school
Discovery
High school
Hudsons Bay
Directions
Corner of E 30th St and L St
Subdivision
_12
Standard status
Active
APN
019860000
Size
1,920 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
ROWLEYS ADDITION-6 LOT 1 #12 BLK 10 LAYS ANNEX #1H FOR ASSESSOR U
Tax Annual Amount
4374
Legal Description
ROWLEYS ADDITION-6 LOT 1 #12 BLK 10 LAYS ANNEX #1H FOR ASSESSOR U
Utilities
Heating system
Zoned
Amenities
washer and dryer hookups
fully fenced backyards
patios
separate storage areas
Building Details
Year built
1971
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Harcourts Real Estate Network Group
(503) 344-4554
Listed By:
John McClung · License #940300096
(503) 807-5711
Added: Aug 26
Changed: Sep 28
Last Checked: Oct 1 at 6:06PM
MLS# 789565722
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 1,920-square-foot duplex contains two residences, each with 3 bedrooms, 1 full bathroom, and washer and dryer hookups. The units have separate fenced yards with patios and individual storage areas. Built in 1971, the property occupies a 0.18-acre corner lot and is zoned R-9.
Both units are occupied under leases extending through 10/31/2027 and 3/10/2027. The owner pays for water, sewer, and garbage; tenants cover the other utilities and expenses. Shopping, restaurants, public transportation, and everyday services are nearby.
Both units are occupied under leases extending through 10/31/2027 and 3/10/2027. The owner pays for water, sewer, and garbage; tenants cover the other utilities and expenses. Shopping, restaurants, public transportation, and everyday services are nearby.
Key Highlights
- Two units, each with 3 bedrooms and 1 full bathroom
- 1,920 square feet total; 960 square feet per unit
- 0.18‑acre corner lot with R‑9 zoning
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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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have private fenced outdoor areas, patios, and separate storage space.
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 units, each with 3 bedrooms and 1 full bathroom; 1,920 square feet total; 960 square feet per unit; 0.18‑acre corner lot with R‑9 zoning
