Duplex with Accessory Dwelling
New
For Sale
$775,000
1342 SE 2nd Ave, Battle Ground, WA 98604
A separately metered accessory residence creates a distinct second living space alongside the main home.
Property Size2,766 SF
Price / SF$280.19
Days on Market3
Property Features for 1342 SE 2nd Ave
General Information
Standard status
Active
Size
2,766 SF
Property subtype
Multi-Family
Building Details
Year Built
2023
Listing Agency:
Real Broker LLC
Listed By:
Daniel Belza · License #132688
(360) 953-9933
Source:
Christiesrealestateevg
Added: Sep 29
Last Checked: Oct 1 at 1:17PM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
Built in 2023, this duplex combines a 2,053-square-foot main residence with a 713-square-foot accessory dwelling unit, for a reported 2,766 square feet. The main home has three bedrooms, 2.5 bathrooms, a kitchen with an island and quartz countertops, a two-car garage, and a primary bedroom with a walk-in closet and tiled shower. The ADU includes two bedrooms, one bathroom, a private entrance, dedicated parking, and its own electric meter.
Both residences have concrete patios, and the property includes a fenced backyard. The property is fully leased and has no HOA. It is close to amenities, with access to SR 500 and I-5.
Both residences have concrete patios, and the property includes a fenced backyard. The property is fully leased and has no HOA. It is close to amenities, with access to SR 500 and I-5.
Key Highlights
- 2,766 square feet total: 2,053‑square‑foot main home and 713‑square‑foot ADU
- Built in 2023; property is fully leased
- ADU has 2 bedrooms, 1 bathroom, a private entrance, dedicated parking, and its own electric meter
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
$36,037
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
4.65%
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%
$720,740
$720.7K
Cap Rate 7%
$514,814
$514.8K
Cap Rate 9%
$400,411
$400.4K
Market Conditions
NOI Build-Up for 2,766 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
$54.8K $19.80/SF
− Vacancy
−$3.3K −$1.19/SF
EGI
$51.5K $18.61/SF
− OpEx
−$15.4K −$5.58/SF
NOI
$36.0K $13.03/SF
Area
Clark County, WA
Vacancy
6.00%
Lease Rate
$19.80 /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%
$720,740
Cap Rate 7%
$514,814
Cap Rate 9%
$400,411
Alternative Uses
Best Use
Multifamily LT 5
$514.8K
$450.5K – $600.6K
NOI $36,037 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$480.6K
$420.6K – $560.8K
NOI $33,645 @ 7.0% cap · market cap 4.34%
Theoretical Best
Specialty Retail
$673.9K
$589.6K – $786.2K
NOI $47,171 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
Business Placement
Demographics for 98604, WA
38,245
Population
13,557
Households
2.8
Avg Household Size
39
Median Age
28%
College-Educated
94%
High-School Grad
72.1 sq mi
ZIP Area
530
Density / Sq Mi
$108,616
Median Household Income
$58,693
Median Earnings
$1,492
Median Rent
$543,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - A separately metered accessory residence creates a distinct second living space alongside the main home.
Where is this duplex located?
The property is located at 1342 SE 2nd Ave Battle Ground, 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: 2,766 square feet total: 2,053‑square‑foot main home and 713‑square‑foot ADU; Built in 2023; property is fully leased; ADU has 2 bedrooms, 1 bathroom, a private entrance, dedicated parking, and its own electric meter
