Triplex with Fenced
New
For Sale
$799,900
1614 KAUFFMAN Ave, Vancouver, WA 98660
MultiFamily, Vancouver, WA
Property Size3,543 SF
Price / SF$225.77
Days on Market2
Property Features for 1614 KAUFFMAN Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-9
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 6, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1
Elementary school
Hough
Middle school
Discovery
High school
Hudsons Bay
Directions
N on I-5, Exit Mill Plain Blvd, L on E Mill Plain Blvd, R on Kauffman Ave
Subdivision
_11
Standard status
Active
APN
060770000
Size
3,543 SF
Taxes and HOA fees
Tax Description
PORTLAND ADDN ADJUSTED LOTS 1 & 2 BLK 4 FOR ASSESSOR USE ONLY A T
Tax Annual Amount
5046
Legal Description
PORTLAND ADDN ADJUSTED LOTS 1 & 2 BLK 4 FOR ASSESSOR USE ONLY A T
Utilities
Heating system
Zoned
Amenities
washer/dryer
basement storage
fenced backyard
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Roof type
Composition
Listing Agency:
Keller Williams Realty Professionals
(503) 546-9955
Listed By:
Scott Hall
(503) 860-9888
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 21 at 1:06PM
MLS# 697651512
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 unit and two additional residences on the upper level. Each unit has a full kitchen and washer/dryer. Two units are currently rented, while the third is listed for rent.
The property also includes a large basement for storage and a spacious fenced backyard on a corner lot. It is located 1/2 mile from Main St and 1 mile from I-5, with restaurants, shopping, parks, and downtown Vancouver within minutes. The property carries R-9 zoning and has a 90 Bike Score.
The property also includes a large basement for storage and a spacious fenced backyard on a corner lot. It is located 1/2 mile from Main St and 1 mile from I-5, with restaurants, shopping, parks, and downtown Vancouver within minutes. The property carries R-9 zoning and has a 90 Bike Score.
Key Highlights
- 3,543‑square‑foot triplex built in 1900
- Main‑floor unit includes 3 bedrooms and 1 bath
- Each unit has a full kitchen and washer/dryer
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - R-9-zoned three-unit property with individual kitchens, laundry, basement storage, and a corner-lot setting.
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: 3,543‑square‑foot triplex built in 1900; Main‑floor unit includes 3 bedrooms and 1 bath; Each unit has a full kitchen and washer/dryer
