18605 NE CRAMER Rd, Battle Ground, WA 98604
MULTI_FAMILY - BattleGround, WA
Property Features for 18605 NE CRAMER Rd
General Information
Taxes and HOA fees
Utilities
Building Details
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Investment Insights
Based on property information with market context.
Improvements and updates were completed throughout the units during 2022 through 2024, including flooring, cabinets, counters, stainless appliances, lighting, bathroom vanity, toilet, countertops, plumbing, and electrical. Additional exterior work includes a new roof in 2022, new exterior siding in 2026, and new exterior paint in 2026. The duplex was built in 1938 and is heated with baseboard and cooled with window unit(s). The roof is composition.
With two separate sides, the layout supports an owner-occupant scenario (live on one side while using the other as an Airbnb) or keeping both sides as short-term rental, subject to due diligence and any applicable reservation restrictions. The seller is also offering assistance with Airbnb support and turnover.
Key Highlights
- One side operating as an Airbnb (18603) and the other as a long‑time rental (18605)
- 0.37‑acre lot with extensive on‑site parking
- Interior remodels completed in 2022–2024 including flooring, cabinets, counters, stainless appliances, and updated plumbing/electrical
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 | $28.6k | $19.80 |
| − Vacancy | −$1.7k | −$1.19 |
| EGI | $26.9k | $18.61 |
| − OpEx | −$8.1k | −$5.58 |
| NOI | $18.8k | $13.03 |
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Demographics for 98604, WA
Market
Vacancy Rate% for Multifamily in West region