Building Details

Building Size 3,543 SF

Year Built 1900

Buildings 1

Listing Agency: Keller Williams Realty Professionals

Listed By: Scott Hall Show Phone

Source: Currangrouprealtors

Added: Aug 20 Changed: Oct 17 Last Checked: Oct 16 at 5:30PM

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Investment Insights

Based on property information with market context.

Built in 1900, this 3,543-square-foot triplex includes a three-bedroom, one-bath main-floor residence and two additional upstairs units. Each apartment has a full kitchen and washer/dryer. Two units are occupied, while the remaining unit is being marketed for rent. A sizable basement supplies storage, and the corner-lot property includes a fenced backyard.

The property is located at 1614 Kauffman Ave in Vancouver’s Hough neighborhood, approximately one-half mile from Main St and one mile from I-5. Restaurants, retail, parks, and downtown are minutes away, and the location carries a 90 Bike Score.

Key Highlights

• Three‑unit residential property with a 3,543‑square‑foot building
• Main‑floor unit has 3 bedrooms and 1 bath
• Full kitchen and washer/dryer in each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,340

Cap Rate

5.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$946,800 $946.8K

Cap Rate 7%

$676,286 $676.3K

Cap Rate 9%

$526,000 $526.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,543 SF

Gross rent

$71.0K $20.04/SF

− Vacancy

−$3.4K −$0.95/SF

EGI

$67.6K $19.09/SF

− OpEx

−$20.3K −$5.73/SF

NOI

$47.3K $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%

$946,800

Cap Rate 7%

$676,286

Cap Rate 9%

$526,000

Alternative Uses

Best Use

Multifamily LT 5

$676.3K

$591.8K – $789.0K (±1% cap)

NOI $47,340 @ 7.0% cap · market cap 5.92%

Second Best

Apartment 5plus

$587.1K

$513.7K – $685.0K (±1% cap)

NOI $41,097 @ 7.0% cap · market cap 5.14%

Theoretical Best

Office A

$866.9K

$758.5K – $1.01M (±1% cap)

NOI $60,681 @ 7.0% cap · market cap 7.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Plumbing Service Butcher Locksmith Tanning Salon Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

3,352

Businesses Nearby

Explore this area Business Placement

Demographics for 98660, WA

12,735

Population

7,048

Households

1.8

Avg Household Size

39

Median Age

38%

College-Educated

91%

High-School Grad

15.3 sq mi

ZIP Area

832

Density / Sq Mi

$65,147

Median Household Income

$51,895

Median Earnings

$1,408

Median Rent

$444,300

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three residential units feature full kitchens, in-unit laundry, and shared basement storage on a corner lot.

Where is this triplex located?

The property is located at 1614 KAUFFMAN AVE Vancouver, WA.

What is the asking price?

The asking price for this property is $799,900.

What are key features of this property?

This property features: Three‑unit residential property with a 3,543‑square‑foot building; Main‑floor unit has 3 bedrooms and 1 bath; Full kitchen and washer/dryer in each unit