Townhome-Style Duplex with
For Sale
$800,000
11912 SE 7th Street, Vancouver, WA 98683
Two separately configured residences offer private outdoor areas, individual laundry spaces, and attached parking in Cascade Park.
Property Size2,976 SF
Price / SF$268.82
Days on Market50
Property Features for 11912 SE 7th Street
General Information
Standard status
Active
Size
2,976 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 2BR/2.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
private fenced backyards
dedicated laundry spaces
Building Details
Year Built
1987
Buildings
1
Listing Agency:
Windermere Northwest Living
Listed By:
Maria Andrews · License #NWM113652
Source:
Nwhomeexperts
Added: Jul 12
Changed: Aug 28
Last Checked: Aug 30 at 1:33PM
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 Windermere Northwest Living
Investment Insights
Based on property information with market context.
Built in 1987, this townhome-style duplex contains 2,976 square feet across two separately arranged residences. Unit 1 measures approximately 1,536 square feet with 3 bedrooms and 2.5 bathrooms, while Unit 2 measures 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 include dedicated laundry areas, forced-air heating, low-maintenance vinyl siding, attached two-car garages, and fenced backyards finished with easy-care turf. Long-term tenants are in place. The property is located near shopping, restaurants, parks, and schools, with freeway access nearby. The address is 11912 SE 7th St, Vancouver, WA 98683, in the Cascade Park area.
Both residences include dedicated laundry areas, forced-air heating, low-maintenance vinyl siding, attached two-car garages, and fenced backyards finished with easy-care turf. Long-term tenants are in place. The property is located near shopping, restaurants, parks, and schools, with freeway access nearby. The address is 11912 SE 7th St, Vancouver, WA 98683, in the Cascade Park area.
Key Highlights
- 2,976‑square‑foot duplex built in 1987
- 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
4.97%
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 4.97%
Second Best
Apartment 5plus
$493.1K
$431.5K – $575.3K
NOI $34,520 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$728.1K
$637.1K – $849.5K
NOI $50,970 @ 7.0% cap · market cap 6.37%
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 separately configured residences offer private outdoor areas, individual laundry spaces, and attached parking in Cascade Park.
Where is this duplex located?
The property is located at 11912 SE 7th Street Vancouver, WA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 2,976‑square‑foot duplex built in 1987; 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
