Townhome-Style Duplex with
For Sale
$775,000
11912 SE 7TH St, Vancouver, WA 98683
MultiFamily, Vancouver, WA
Property Size2,976 SF
Lot Size0.17 Acres
Price / SF$260.42
Days on Market48
Property Features for 11912 SE 7TH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R22
Bedrooms
5
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 2, Bathroom 5, Bathroom 6, Bedroom 4
Subdivision
CASCADE PARK
Elementary school
Crestline
Middle school
Wy East
High school
Mountain View
Directions
From Chkalov, east on SE 7th Street
Standard status
Active
APN
114728832
Size
2,976 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
CASCADE PLACE LOT 7 FOR ASSESSOR USE ONLY CASCADE PLACE LOT 7
Tax Annual Amount
6896
Legal Description
CASCADE PLACE LOT 7 FOR ASSESSOR USE ONLY CASCADE PLACE LOT 7
Utilities
Heating system
Forced Air
Amenities
private backyards
dedicated laundry spaces
Building Details
Year built
1987
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Windermere Northwest Living · Windermere Real Estate
(360) 253-3600
Listed By:
Dale Chumbley
(360) 260-3253
Added: Jul 10
Changed: Aug 25
Last Checked: Aug 26 at 4:06AM
MLS# 737133055
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 townhome-style duplex contains 2,976 square feet across two attached residences. The larger unit provides approximately 1,536 square feet with 3 bedrooms and 2.5 bathrooms, while the second includes approximately 1,440 square feet with 2 bedrooms and 2.5 bathrooms. Each layout places the living room, kitchen, dining area, and half bath on the main level, with bedrooms and full bathrooms upstairs. Both residences also feature dedicated laundry areas, forced-air heating, vinyl siding, composition roofs, attached two-car garages, and fenced private backyards with low-maintenance turf.
Built in 1987 on a 0.17-acre parcel, the property is zoned R22 and located in Vancouver’s Cascade Park area. Shopping, restaurants, parks, schools, and freeway access are identified nearby. The property is occupied by long-term tenants.
Built in 1987 on a 0.17-acre parcel, the property is zoned R22 and located in Vancouver’s Cascade Park area. Shopping, restaurants, parks, schools, and freeway access are identified nearby. The property is occupied by long-term tenants.
Key Highlights
- 2,976 square feet on a 0.17‑acre parcel
- Unit 1: approximately 1,536 square feet, 3 bedrooms, and 2.5 bathrooms
- Unit 2: approximately 1,440 square feet, 2 bedrooms, and 2.5 bathrooms
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
$39,764
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
5.13%
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%
$795,280
$795.3K
Cap Rate 7%
$568,057
$568.1K
Cap Rate 9%
$441,822
$441.8K
Market Conditions
NOI Build-Up for 2,976 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
$59.6K $20.04/SF
− Vacancy
−$2.8K −$0.95/SF
EGI
$56.8K $19.09/SF
− OpEx
−$17.0K −$5.73/SF
NOI
$39.8K $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%
$795,280
Cap Rate 7%
$568,057
Cap Rate 9%
$441,822
Alternative Uses
Best Use
Multifamily LT 5
$568.1K
$497.1K – $662.7K
NOI $39,764 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$493.1K
$431.5K – $575.3K
NOI $34,520 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$728.1K
$637.1K – $849.5K
NOI $50,970 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,361
Businesses Nearby
Explore this area
Business Placement
Demographics for 98683, WA
33,884
Population
14,352
Households
2.4
Avg Household Size
42
Median Age
42%
College-Educated
94%
High-School Grad
7.3 sq mi
ZIP Area
4,642
Density / Sq Mi
$83,821
Median Household Income
$47,862
Median Earnings
$1,783
Median Rent
$501,500
Median Home Value
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 - Two attached residences offer private fenced backyards, dedicated laundry areas, and separate two-car garages.
Where is this duplex located?
The property is located at 11912 SE 7TH St Vancouver, WA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 2,976 square feet on a 0.17‑acre parcel; Unit 1: approximately 1,536 square feet, 3 bedrooms, and 2.5 bathrooms; Unit 2: approximately 1,440 square feet, 2 bedrooms, and 2.5 bathrooms
