Two-Unit Townhome-Style
For Sale
$725,000
11912 SE 7TH St, Vancouver, WA 98683
MultiFamily, Vancouver, WA
Property Size2,976 SF
Lot Size0.17 Acres
Price / SF$243.62
Days on Market93
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
Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 5, Bathroom 5, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 2, 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
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: Oct 9
Last Checked: Oct 10 at 12:06PM
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 R22-zoned duplex contains two townhome-style residences totaling 2,976 square feet on a 0.17-acre lot. Built in 1987, the property has composition roofing, vinyl siding, and forced-air heat. Each unit includes a living room, kitchen, dining area, half bath, upstairs bedrooms and full bathrooms, a dedicated laundry area, and an attached two-car garage. Unit 1 measures approximately 1,536 square feet with three bedrooms and 2.5 bathrooms; Unit 2 has approximately 1,440 square feet, two bedrooms, and 2.5 bathrooms. Both homes have fenced backyards with turf.
The property is located in Vancouver, Washington, with shopping, restaurants, parks, schools, and freeway access described as nearby. Long-term tenants occupy the units.
The property is located in Vancouver, Washington, with shopping, restaurants, parks, schools, and freeway access described as nearby. Long-term tenants occupy the units.
Key Highlights
- Two townhome‑style units total 2,976 square feet
- 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 / Yr
$39,764
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
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
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 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 5.48%
Second Best
Apartment 5plus
$493.1K
$431.5K – $575.3K
NOI $34,520 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$728.1K
$637.1K – $849.5K
NOI $50,970 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have private fenced yards, dedicated laundry areas, and attached 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 $725,000.
What are key features of this property?
This property features: Two townhome‑style units total 2,976 square feet; 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
