Building Details

Year Built 1977

Listing Agency: Windermere Northwest Living

Listed By: Taylor Anderson · License #120507 Show Phone

Source: Rosecityrealtygroup

Added: Aug 21 Changed: Oct 7 Last Checked: Oct 7 at 1:07PM

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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 Windermere Northwest Living

Investment Insights

Based on property information with market context.

Built in 1977, this 3,286-square-foot quadplex contains four two-bedroom, one-bathroom units. Each residence includes a central living area, while shared amenities include on-site parking and a community laundry facility serving the property. The unit configuration provides a consistent layout across the building.

The property is located at 1715 SE 9th Ave in Camas, within the Camas School District. Downtown Camas, Highway 14, shopping, dining, and local amenities are nearby. Washougal Waterfront Park is a 4-minute drive away, and the Columbia River Gorge National Scenic Area provides access to nearby outdoor recreation.

Key Highlights

• Four units, each with 2 bedrooms and 1 bathroom
• 3,286‑square‑foot property built in 1977
• On‑site parking for residents

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,811

Cap Rate

3.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$856,220 $856.2K

Cap Rate 7%

$611,586 $611.6K

Cap Rate 9%

$475,678 $475.7K

Market Conditions

NOI Build-Up for 3,286 SF

Gross rent

$65.1K $19.80/SF

− Vacancy

−$3.9K −$1.19/SF

EGI

$61.2K $18.61/SF

− OpEx

−$18.3K −$5.58/SF

NOI

$42.8K $13.03/SF

Area

Clark County, WA

Vacancy

6.00%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$856,220

Cap Rate 7%

$611,586

Cap Rate 9%

$475,678

Alternative Uses

Best Use

Multifamily LT 5

$611.6K

$535.1K – $713.5K (±1% cap)

NOI $42,811 @ 7.0% cap · market cap 3.89%

Second Best

Apartment 5plus

$571.0K

$499.6K – $666.2K (±1% cap)

NOI $39,970 @ 7.0% cap · market cap 3.63%

Theoretical Best

Specialty Retail

$800.6K

$700.5K – $934.0K (±1% cap)

NOI $56,039 @ 7.0% cap · market cap 5.09%

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

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Electrical Service Plumbing Service Storage Facility (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Carpet & Flooring Store

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

4

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

348

Businesses Nearby

Explore this area Business Placement

Demographics for 98607, WA

35,054

Population

12,667

Households

2.8

Avg Household Size

40

Median Age

53%

College-Educated

96%

High-School Grad

47.6 sq mi

ZIP Area

736

Density / Sq Mi

$132,234

Median Household Income

$64,422

Median Earnings

$1,854

Median Rent

$648,700

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Four two-bedroom units share on-site parking and a community laundry facility.

Where is this quadplex located?

The property is located at 1715 SE 9th Ave Camas, WA.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,286‑square‑foot property built in 1977; On‑site parking for residents