117 W 31ST St Vancouver, WA 98660
MULTI_FAMILY - Vancouver, WA
Property Features for 117 W 31ST St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-9
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4
- Standard status
- Active
- APN
- 008410000
- Size
- 2,894 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- ROWLEYS ADDITION-7 LOT 5 BLK 11 FOR ASSESSOR USE ONLY ROWLEYS ADD
- Tax Annual Amount
- 7072
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1940
- Number of units
- 2
- Roof type
- Composition
Listing agent Nathan Cano License #11141 (360) 947-1237
Listing office Cano Real Estate LLC 415 E Mill Plain Blvd, Vancouver, WA (360) 823-3333
Listing date Jul 15, 2026
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.
Outside, both units have their own private backyard with patio space and alley access. Each unit also includes a single-car garage with electricity.
The property is located in the Carter Park neighborhood of Vancouver, WA on a quiet street near bus lines, schools, shopping, medical offices, restaurants, grocery stores, and the Carter Park.
Key Highlights
- Duplex in the Carter Park neighborhood with each unit featuring private backyard space, patio area, and alley access
- 1940‑built duplex with forced‑air heating and a composition roof
- Main level layout includes a primary bedroom in each unit, plus freshly remodeled bathrooms and multiple closets
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.0k | $20.04 |
| − Vacancy | −$2.8k | −$0.95 |
| EGI | $55.2k | $19.09 |
| − OpEx | −$16.6k | −$5.73 |
| NOI | $38.7k | $13.36 |
