4-Unit Quadplex with Two
For Sale
$799,900
113 Se 98th Ave SE, Vancouver, WA 98664
Occupied residential income property with refreshed exteriors and convenient access to major routes, shopping, dining, and daily services.
Property Size3,312 SF
Price / SF$241.52
Days on Market77
Property Features for 113 Se 98th Ave SE
General Information
Standard status
Active
Size
3,312 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
1960
Buildings
2
Listing Agency:
Realty ONE Group Pacifica
Listed By:
Katherine Sater
(360) 936-8230
Source:
Portlandoregonhomelistings
Added: Aug 3
Changed: Oct 1
Last Checked: Oct 16 at 8:59AM
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 Realty ONE Group Pacifica
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1960-built quadplex comprises two duplex buildings with four residential units, totaling 8 bedrooms and 4 bathrooms. Every unit is occupied, providing an established tenant base and ongoing rental income. The exterior has been recently painted, giving the buildings a refreshed appearance.
The property is located in East Vancouver near SE Mill Plain Boulevard, with access to I-205 and SR-14. Shopping, restaurants, grocery stores, and other everyday amenities are located nearby.
The property is located in East Vancouver near SE Mill Plain Boulevard, with access to I-205 and SR-14. Shopping, restaurants, grocery stores, and other everyday amenities are located nearby.
Key Highlights
- Four‑unit property arranged as two duplex buildings
- 8 bedrooms and 4 bathrooms in total
- All units currently occupied by established tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,254
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$885,080
$885.1K
Cap Rate 7%
$632,200
$632.2K
Cap Rate 9%
$491,711
$491.7K
Market Conditions
NOI Build-Up for 3,312 SF
Gross rent
$66.4K $20.04/SF
− Vacancy
−$3.2K −$0.95/SF
EGI
$63.2K $19.09/SF
− OpEx
−$19.0K −$5.73/SF
NOI
$44.3K $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%
$885,080
Cap Rate 7%
$632,200
Cap Rate 9%
$491,711
Alternative Uses
Best Use
Multifamily LT 5
$632.2K
$553.2K – $737.6K
NOI $44,254 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$548.8K
$480.2K – $640.3K
NOI $38,418 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$810.4K
$709.1K – $945.4K
NOI $56,725 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
904
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Occupied residential income property with refreshed exteriors and convenient access to major routes, shopping, dining, and daily services.
Where is this quadplex located?
The property is located at 113 Se 98th Ave SE Vancouver, WA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Four‑unit property arranged as two duplex buildings; 8 bedrooms and 4 bathrooms in total; All units currently occupied by established tenants
