Historic Triplex with Fenced
For Sale
$799,900
1614 KAUFFMAN AVE, Vancouver, WA 98660
Three residential units feature full kitchens, in-unit laundry, and shared basement storage on a corner lot.
Property Size3,543 SF
Days on Market14
Property Features for 1614 KAUFFMAN AVE
General Information
Standard status
Active
Size
3,543 SF
Property subtype
MULTI_FAMILY
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,045
Amenities
washer/dryer
basement
fenced backyard
Building Details
Building Size
3,543 SF
Year Built
1900
Buildings
1
Listing Agency:
Keller Williams Realty Professionals
Listed By:
Scott Hall
(503) 860-9888
Source:
Currangrouprealtors
Added: Aug 20
Changed: Aug 28
Last Checked: Sep 1 at 10:24PM
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 Keller Williams Realty Professionals
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.
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 = 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
$47,340
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
5.92%
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%
$946,800
$946.8K
Cap Rate 7%
$676,286
$676.3K
Cap Rate 9%
$526,000
$526.0K
Market Conditions
NOI Build-Up for 3,543 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
$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 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%
$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
NOI $47,340 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$587.1K
$513.7K – $685.0K
NOI $41,097 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$866.9K
$758.5K – $1.01M
NOI $60,681 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
