Two-Unit Duplex with
New
For Sale
$650,000
16203 NE 8TH St, Vancouver, WA 98684
MultiFamily, Vancouver, WA
Property Size2,434 SF
Lot Size0.18 Acres
Price / SF$267.05
Days on Market4
Property Features for 16203 NE 8TH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1-5
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2
Subdivision
Kellies Landing
Elementary school
Harmony
Middle school
Pacific
High school
Evergreen
Directions
NE 8th St
Standard status
Active
APN
110184582
Size
2,434 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
KELLIES LANDING LOT 7 SUB 96 FOR ASSESSOR USE ONLY KELLIES LANDIN
Tax Annual Amount
6246
Legal Description
KELLIES LANDING LOT 7 SUB 96 FOR ASSESSOR USE ONLY KELLIES LANDIN
Utilities
Heating system
Forced Air
Amenities
vaulted ceilings
skylights
gas fireplaces
Building Details
Year built
1995
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Knipe Realty ERA Powered
(360) 567-0164
Listed By:
Andrea Warren
(971) 570-1704
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 25 at 8:06PM
MLS# 374310665
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.
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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 residences on a 0.18-acre lot. One unit has two bedrooms, two bathrooms, and a one-car garage; the other provides three bedrooms, two bathrooms, and a two-car garage. Both feature vaulted ceilings, skylights, gas fireplaces, fresh interior paint, and new carpet.
The property is zoned R1-5 and is located in Vancouver, Washington. Both residences are vacant, offering flexibility for occupancy or leasing.
The property is zoned R1-5 and is located in Vancouver, Washington. Both residences are vacant, offering flexibility for occupancy or leasing.
Key Highlights
- Two 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 on a 0.18‑acre lot
- Vaulted ceilings, skylights, and gas fireplaces in both residences
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
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer a mix of two- and three-bedroom layouts, each with two bathrooms.
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 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 on a 0.18‑acre lot; Vaulted ceilings, skylights, and gas fireplaces in both residences
