Updated Duplex with
New
For Sale
$650,000
16203 NE 8TH ST, Vancouver, WA 98684
Two vacant residences provide separate living spaces with different bedroom counts and attached garage capacity.
Property Size2,434 SF
Days on Market5
Property Features for 16203 NE 8TH ST
General Information
Standard status
Active
Size
2,434 SF
Total Parking Spaces
3
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Countryside Woods
Units
Unit Mix
1 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,245
Building Details
Building Size
2,434 SF
Year Built
1995
Buildings
1
Listing Agency:
Knipe Realty ERA Powered
Listed By:
Andrea Warren · License #21016981
(971) 570-1704
Source:
Eleeterealestate
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 24 at 5:29PM
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 Knipe Realty ERA Powered
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Investment Insights
Based on property information with market context.
Built in 1995, this duplex contains 2,434 square feet across two vacant units. The smaller residence has 2 bedrooms, 2 bathrooms, and a one-car garage; the other includes 3 bedrooms, 2 bathrooms, and a two-car garage. Both units have vaulted ceilings, skylights, and gas fireplaces. Interior paint and carpet have been recently updated.
The property is located near shopping, dining, and everyday amenities in Vancouver, Washington.
The property is located near shopping, dining, and everyday amenities in Vancouver, Washington.
Key Highlights
- Two vacant units: one with 2 bedrooms, 2 bathrooms, and a one‑car garage; the other with 3 bedrooms, 2 bathrooms, and a two‑car garage
- 2,434 square feet total
- Vaulted ceilings, skylights, and gas fireplaces in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,522
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,440
$650.4K
Cap Rate 7%
$464,600
$464.6K
Cap Rate 9%
$361,356
$361.4K
Market Conditions
NOI Build-Up for 2,434 SF
Gross rent
$48.8K $20.04/SF
− Vacancy
−$2.3K −$0.95/SF
EGI
$46.5K $19.09/SF
− OpEx
−$13.9K −$5.73/SF
NOI
$32.5K $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%
$650,440
Cap Rate 7%
$464,600
Cap Rate 9%
$361,356
Alternative Uses
Best Use
Multifamily LT 5
$464.6K
$406.5K – $542.0K
NOI $32,522 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$403.3K
$352.9K – $470.6K
NOI $28,233 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$595.5K
$521.1K – $694.8K
NOI $41,687 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
Explore this area
Business Placement
Demographics for 98684, WA
33,659
Population
14,355
Households
2.3
Avg Household Size
37
Median Age
29%
College-Educated
90%
High-School Grad
7.1 sq mi
ZIP Area
4,741
Density / Sq Mi
$88,044
Median Household Income
$48,108
Median Earnings
$1,847
Median Rent
$442,100
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
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences provide separate living spaces with different bedroom counts and attached garage capacity.
Where is this duplex located?
The property is located at 16203 NE 8TH ST Vancouver, WA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two vacant units: one with 2 bedrooms, 2 bathrooms, and a one‑car garage; the other with 3 bedrooms, 2 bathrooms, and a two‑car garage; 2,434 square feet total; Vaulted ceilings, skylights, and gas fireplaces in both units
