Renovated Fourplex with Covered
For Sale
$1,099,000
2211 Y St, Vancouver, WA 98661
Four rental units feature private outdoor areas, updated finishes, stainless steel appliances, and dedicated storage.
Property Size3,504 SF
Price / SF$313.64
Days on Market75
Property Features for 2211 Y St
General Information
Standard status
Active
Size
3,504 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
yard and patio
private storage
Building Details
Year Built
1966
Buildings
1
Construction
HardiPlank siding
Listing Agency:
Keller Williams Realty
Listed By:
Jeff Wunder, Lisa Wunder · License #39935
(360) 921-6527
Source:
Wyndeekono
Added: Aug 1
Changed: Sep 13
Last Checked: Oct 7 at 1:22PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This fourplex at 2211 Y St in Vancouver, WA, was built in 1966 and has undergone extensive renovation. The property includes HardiPlank siding, a metal roof, vinyl windows, stainless steel appliances, and newer luxury vinyl plank flooring. Some plumbing has also been updated.
Each of the four units includes a private yard and patio, along with a dedicated storage unit. Covered parking accommodates four vehicles, with additional parking available on the property. The existing configuration provides four separate residential units on a large lot. Tenant privacy is requested during property visits.
Each of the four units includes a private yard and patio, along with a dedicated storage unit. Covered parking accommodates four vehicles, with additional parking available on the property. The existing configuration provides four separate residential units on a large lot. Tenant privacy is requested during property visits.
Key Highlights
- Four‑unit residential property at 2211 Y St, Vancouver, WA 98661
- Built in 1966 with extensive renovation updates
- HardiPlank siding, metal roof, vinyl windows, and newer luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,819
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,380
$936.4K
Cap Rate 7%
$668,843
$668.8K
Cap Rate 9%
$520,211
$520.2K
Market Conditions
NOI Build-Up for 3,504 SF
Gross rent
$70.2K $20.04/SF
− Vacancy
−$3.3K −$0.95/SF
EGI
$66.9K $19.09/SF
− OpEx
−$20.1K −$5.73/SF
NOI
$46.8K $13.36/SF
Area
Vancouver, WA
Vacancy
4.75%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,380
Cap Rate 7%
$668,843
Cap Rate 9%
$520,211
Alternative Uses
Best Use
Multifamily LT 5
$668.8K
$585.2K – $780.3K
NOI $46,819 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$580.6K
$508.1K – $677.4K
NOI $40,645 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$857.3K
$750.2K – $1.00M
NOI $60,013 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Explore this area
Business Placement
Demographics for 98661, WA
48,983
Population
22,291
Households
2.2
Avg Household Size
36
Median Age
27%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,494
Density / Sq Mi
$75,037
Median Household Income
$43,920
Median Earnings
$1,440
Median Rent
$424,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four rental units feature private outdoor areas, updated finishes, stainless steel appliances, and dedicated storage.
Where is this quadplex located?
The property is located at 2211 Y St Vancouver, WA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Four‑unit residential property at 2211 Y St, Vancouver, WA 98661; Built in 1966 with extensive renovation updates; HardiPlank siding, metal roof, vinyl windows, and newer luxury vinyl plank flooring
