Two-Unit Duplex with Fenced
New
For Sale
$479,900
1601 BRYANT ST, Vancouver, WA 98661
Both residences offer two bedrooms, a full bath, and indoor laundry connections.
Property Size1,536 SF
Days on Market7
Property Features for 1601 BRYANT ST
General Information
Standard status
Active
Size
1,536 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,072
Amenities
indoor utility area with washer/dryer hookups
back patio
fenced back yard
Building Details
Building Size
1,536 SF
Year Built
1972
Listing Agency:
Coldwell Banker Bain
Listed By:
Diane Mathew
(360) 921-2131
Source:
Eleeterealestate
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 10 at 1:48AM
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 Coldwell Banker Bain
Investment Insights
Based on property information with market context.
Built in 1972, this duplex contains two matching 768-square-foot residences. Each has two bedrooms, one bathroom, a living and dining area, and a kitchen equipped with a range, dishwasher, and refrigerator. Washer and dryer hookups are located indoors, and sliding doors open to a patio and fenced backyard.
Luxury vinyl flooring runs through the homes, with newer carpeting in both bedrooms of each unit. Vinyl windows were installed in 2021, and the roofs were replaced approximately eight years ago. The property is near Clark College, the VA hospital, and downtown Vancouver, with access to I-5 and Portland.
Luxury vinyl flooring runs through the homes, with newer carpeting in both bedrooms of each unit. Vinyl windows were installed in 2021, and the roofs were replaced approximately eight years ago. The property is near Clark College, the VA hospital, and downtown Vancouver, with access to I-5 and Portland.
Key Highlights
- Two matching residences, each measuring 768 SF
- Each unit has 2 bedrooms and 1 bathroom
- Range, dishwasher, refrigerator, and washer/dryer hookups in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,524
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,480
$410.5K
Cap Rate 7%
$293,200
$293.2K
Cap Rate 9%
$228,044
$228.0K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$30.8K $20.04/SF
− Vacancy
−$1.5K −$0.95/SF
EGI
$29.3K $19.09/SF
− OpEx
−$8.8K −$5.73/SF
NOI
$20.5K $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%
$410,480
Cap Rate 7%
$293,200
Cap Rate 9%
$228,044
Alternative Uses
Best Use
Multifamily LT 5
$293.2K
$256.6K – $342.1K
NOI $20,524 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$254.5K
$222.7K – $297.0K
NOI $17,817 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$375.8K
$328.8K – $438.5K
NOI $26,307 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Explore this area
Business Placement
Demographics for 98661, WA
48,983
Population
22,291
Households
2.2
Avg Household Size
36
Median Age
27%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,494
Density / Sq Mi
$75,037
Median Household Income
$43,920
Median Earnings
$1,440
Median Rent
$424,700
Median Home Value
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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 - Both residences offer two bedrooms, a full bath, and indoor laundry connections.
Where is this duplex located?
The property is located at 1601 BRYANT ST Vancouver, WA.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Two matching residences, each measuring 768 SF; Each unit has 2 bedrooms and 1 bathroom; Range, dishwasher, refrigerator, and washer/dryer hookups in each residence
