Turn-Key Four-Plex
1715 Southeast 9th Avenue Camas, WA 98607
For Sale
$1,250,000
Well-maintained four-plex with four 2-bedroom units, shared laundry, and on-site parking for straightforward income property operations.
Property Size3,286 SF
Price / SF$380.40
Days on Market83
Property Features for 1715 Southeast 9th Avenue
General Information
- Standard status
- Active
- Size
- 3,286 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1977
Listing Agency:
Windermere Northwest Living
(360) 910-1979
Listed By:
Taylor Anderson · License #120507
(360) 910-1979
Source:
Compass
Added: May 3
Changed: Jul 10
Last Checked: Jul 23 at 11:23AM
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.
This turn-key four-plex offers four spacious residential units, each configured with two bedrooms and one bathroom and a central living area for everyday use. The property includes ample on-site parking to support resident convenience, and a shared community laundry facility serves all four units.
Located in the Camas School District, the property is positioned just minutes from downtown Camas as well as Highway 14, shopping, dining, and other local amenities. Additional nearby recreation includes quick access to Washougal Waterfront Park, described as about a 4-minute drive away, with outdoor opportunities associated with the Columbia River Gorge National Scenic Area.
Designed for an owner who wants a ready-to-manage multifamily asset, the consistent unit mix across all four homes can simplify leasing and day-to-day operations. With on-site parking and shared laundry in place, the community supports core resident needs while providing a straightforward housing setup for tenants seeking a two-bedroom, one-bath layout.
Located in the Camas School District, the property is positioned just minutes from downtown Camas as well as Highway 14, shopping, dining, and other local amenities. Additional nearby recreation includes quick access to Washougal Waterfront Park, described as about a 4-minute drive away, with outdoor opportunities associated with the Columbia River Gorge National Scenic Area.
Designed for an owner who wants a ready-to-manage multifamily asset, the consistent unit mix across all four homes can simplify leasing and day-to-day operations. With on-site parking and shared laundry in place, the community supports core resident needs while providing a straightforward housing setup for tenants seeking a two-bedroom, one-bath layout.
Key Highlights
- Four‑plex with four 2‑bedroom, 1‑bath units across 2 stories
- Shared community laundry facility for all four units
- Ample on‑site parking for residents
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.1k | $19.80 |
| − Vacancy | −$3.9k | −$1.19 |
| EGI | $61.2k | $18.61 |
| − OpEx | −$18.3k | −$5.58 |
| NOI | $42.8k | $13.03 |
3,286 SF · lease $19.80/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$611.6K
$535.1K – $713.5K
NOI $42,811 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$571.0K
$499.6K – $666.2K
NOI $39,970 @ 7.0% cap · market cap 3.20%
Theoretical Best
Specialty Retail
$800.6K
$700.5K – $934.0K
NOI $56,039 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained four-plex with four 2-bedroom units, shared laundry, and on-site parking for straightforward income property operations.
Where is this quadplex located?
The property is located at 1715 Southeast 9th Avenue Camas, WA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four‑plex with four 2‑bedroom, 1‑bath units across 2 stories; Shared community laundry facility for all four units; Ample on‑site parking for residents
