Four-Unit Multifamily
For Sale
$1,100,000
1715 SE 9TH Ave, Camas, WA 98607
MultiFamily, Camas, WA
Property Size3,286 SF
Lot Size0.17 Acres
Price / SF$334.75
Days on Market95
Property Features for 1715 SE 9TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LI
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 8, Bedroom 6, Bathroom 2, Bedroom 7, Bedroom 2
Subdivision
Orchard Homes
Elementary school
Woodburn
Middle school
Liberty
High school
Camas
Directions
Sr 14 Turn N onto Union St. Follow roundabout to W on 8th Ave. Turn S onto polk. E onto 9th ave.
Standard status
Active
APN
087129000
Size
3,286 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
ORCHARD HOME WASHOUGAL #8 LOT 4 .17A FOR ASSESSOR USE ONLY BAAP 5
Tax Annual Amount
6670
Legal Description
ORCHARD HOME WASHOUGAL #8 LOT 4 .17A FOR ASSESSOR USE ONLY BAAP 5
Amenities
shared community laundry facility
Building Details
Year built
1977
Floors in Building
2
Number of units
4
Roof type
Composition
Listing Agency:
Windermere Northwest Living · Windermere Real Estate
(360) 993-2222
Listed By:
Taylor Anderson · License #120507
(360) 910-1979
Added: Jun 3
Changed: Aug 28
Last Checked: Sep 5 at 12:06PM
MLS# 458299304
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.
This 3,286-square-foot quadplex contains four residential units, each arranged with two bedrooms, one bathroom, and a central living area. The property includes shared laundry service for residents, on-site parking, and a composition roof. Built in 1977, the asset occupies 0.17 acres and carries LI zoning.
The property is located in Camas near downtown, Highway 14, shopping, dining, and other local amenities. Washougal Waterfront Park is approximately a 4-minute drive away, while the Columbia River Gorge National Scenic Area provides access to nearby outdoor recreation.
The property is located in Camas near downtown, Highway 14, shopping, dining, and other local amenities. Washougal Waterfront Park is approximately a 4-minute drive away, while 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 feet on 0.17 acres
- On‑site parking for residents
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
$42,811
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
3.89%
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%
$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
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
$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 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%
$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
NOI $42,811 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$571.0K
$499.6K – $666.2K
NOI $39,970 @ 7.0% cap · market cap 3.63%
Theoretical Best
Specialty Retail
$800.6K
$700.5K – $934.0K
NOI $56,039 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units share on-site parking and a community laundry facility in Camas.
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 feet on 0.17 acres; On‑site parking for residents
