Four-Unit Multifamily
For Sale
$799,900
119 SE 98TH AVE, Vancouver, WA 98664
Two duplex buildings with three occupied units, one vacancy, and refreshed exterior paint near everyday retail and transportation.
Property Size3,312 SF
Days on Market62
Property Features for 119 SE 98TH AVE
General Information
Standard status
Active
Size
3,312 SF
Property subtype
MULTI_FAMILY
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,755
Building Details
Building Size
3,312 SF
Year Built
1960
Buildings
2
Listing Agency:
Realty ONE Group Pacifica
Listed By:
Katherine Sater
(360) 936-8230
Source:
Eleeterealestate
Added: Aug 14
Changed: Oct 1
Last Checked: Oct 13 at 1:39AM
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
Investment Insights
Based on property information with market context.
This four-unit multifamily property consists of two duplex buildings with a combined 3,312 square feet. The layout includes 8 bedrooms and 4 bathrooms, with each unit measuring 828 square feet. Three units are occupied, while the remaining unit is vacant for showings and future leasing or owner occupancy. Exterior painting has been completed recently, giving the buildings an updated appearance.
The property is located in East Vancouver near SE Mill Plain Boulevard, with access to I-205 and SR-14. Shopping, dining, grocery stores, and other everyday amenities are nearby. Built in 1960, the property offers an established four-unit configuration with both occupied and vacant space.
The property is located in East Vancouver near SE Mill Plain Boulevard, with access to I-205 and SR-14. Shopping, dining, grocery stores, and other everyday amenities are nearby. Built in 1960, the property offers an established four-unit configuration with both occupied and vacant space.
Key Highlights
- Four‑unit property arranged as two duplex buildings
- 3,312 square feet with 8 bedrooms and 4 bathrooms
- Each unit measures 828 square feet
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Two duplex buildings with three occupied units, one vacancy, and refreshed exterior paint near everyday retail and transportation.
Where is this quadplex located?
The property is located at 119 SE 98TH AVE 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; 3,312 square feet with 8 bedrooms and 4 bathrooms; Each unit measures 828 square feet
