Renovated Four-Plex on Oversized
2211 Y Street Vancouver, WA 98661
For Sale
$1,099,000
Completely renovated four-plex with yards, parking, and storage.
Property Size3,504 SF
Price / SF$313.64
Days on Market75
Property Features for 2211 Y Street
General Information
Standard status
Active
Size
3,504 SF
Property subtype
Multi Family
Building Details
Year Built
1966
Listing Agency:
Keller Williams Realty
(360) 931-1178
Listed By:
Jeff Wunder · License #104052
(360) 931-1178
Source:
Compass
Added: May 14
Changed: Jul 10
Last Checked: Jul 27 at 11:40AM
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 property features a completely renovated four-plex situated on a supersized lot. The building has HardiPlank siding and a metal roof. Four-car covered parking is available. Each unit includes its own yard and patio. Interior features include luxury vinyl plank floors, stainless steel appliances, and vinyl windows. Some plumbing has been updated. Each unit has a private storage unit. The lot size may accommodate additional units or tiny homes, subject to city requirements. The property provides ample parking.
Key Highlights
- Completely renovated four‑plex with newer luxury vinyl plank floors and stainless steel appliances.
- Durable HardiPlank siding and metal roof.
- Supersize lot with potential for additional units or tiny homes (subject to city requirements).
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 | $70.2k | $20.04 |
| − Vacancy | −$3.3k | −$0.95 |
| EGI | $66.9k | $19.09 |
| − OpEx | −$20.1k | −$5.73 |
| NOI | $46.8k | $13.36 |
3,504 SF · lease $20.04/SF/yr · vacancy 4.75% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Completely renovated four-plex with yards, parking, and storage.
Where is this quadplex located?
The property is located at 2211 Y Street 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: Completely renovated four‑plex with newer luxury vinyl plank floors and stainless steel appliances.; Durable HardiPlank siding and metal roof.; Supersize lot with potential for additional units or tiny homes (subject to city requirements).
