Building Details

Year Built 1940

Listing Agency: eXp Realty LLC

Listed By: Joel Mattila Show Phone

Source: Wisser

Added: Aug 17 Changed: Oct 17 Last Checked: Oct 6 at 12:40AM

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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 eXp Realty LLC

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Investment Insights

Based on property information with market context.

This duplex includes two leased units with separate electric meters, supporting unit-level billing and management. Each unit benefits from access to a private yard with an installed sprinkler system, while on-site parking accommodates residents and guests.

The property is located at 207 W Humphrey St in Yacolt, Washington, on a low-traffic road. A nearby park is within walking distance, and both existing tenants would like to remain in place.

Key Highlights

• Two‑unit duplex with both units currently leased
• Separate electric meters for each unit
• Private yard with sprinkler system

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,227

Cap Rate

3.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,540 $284.5K

Cap Rate 7%

$203,243 $203.2K

Cap Rate 9%

$158,078 $158.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,092 SF

Gross rent

$21.6K $19.80/SF

− Vacancy

−$1.3K −$1.19/SF

EGI

$20.3K $18.61/SF

− OpEx

−$6.1K −$5.58/SF

NOI

$14.2K $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%

$284,540

Cap Rate 7%

$203,243

Cap Rate 9%

$158,078

Alternative Uses

Best Use

Multifamily LT 5

$203.2K

$177.8K – $237.1K (±1% cap)

NOI $14,227 @ 7.0% cap · market cap 3.16%

Second Best

Apartment 5plus

$189.8K

$166.0K – $221.4K (±1% cap)

NOI $13,283 @ 7.0% cap · market cap 2.95%

Theoretical Best

Specialty Retail

$266.0K

$232.8K – $310.4K (±1% cap)

NOI $18,623 @ 7.0% cap · market cap 4.14%

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

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Plumbing Service Garden Center Hair Salon Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

102

Businesses Nearby

Explore this area Business Placement

Demographics for 98675, WA

7,688

Population

2,292

Households

3.4

Avg Household Size

33

Median Age

21%

College-Educated

90%

High-School Grad

155.4 sq mi

ZIP Area

49

Density / Sq Mi

$104,333

Median Household Income

$54,399

Median Earnings

$1,642

Median Rent

$522,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Both units are occupied, with individual electric metering, a private yard, and on-site parking.

Where is this duplex located?

The property is located at 207 W Humphrey St Yacolt, WA.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Two‑unit duplex with both units currently leased; Separate electric meters for each unit; Private yard with sprinkler system