Duplex with Private
New
For Sale
$520,000
2301 KAUFFMAN Ave, Vancouver, WA 98660
MULTI_FAMILY - Vancouver, WA
Property Size1,680 SF
Lot Size0.11 Acres
Price / SF$309.52
Days on Market1
Property Features for 2301 KAUFFMAN Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-9
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2
Elementary school
Hough
Middle school
Discovery
High school
Hudsons Bay
Directions
I-5, Fourth Plain Exit West, South on Kauffman Ave
Subdivision
_11
Standard status
Active
APN
056740000
Size
1,680 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
SIMONS ADDITION LOT 5 BLK 4 FOR ASSESSOR USE ONLY SIMONS ADDITION
Tax Annual Amount
4735
Legal Description
SIMONS ADDITION LOT 5 BLK 4 FOR ASSESSOR USE ONLY SIMONS ADDITION
Utilities
Heating system
Baseboard
Building Details
Year built
1971
Floors in Building
1
Number of units
2
Listing Agency:
Keller Williams Realty
(360) 693-3336
Listed By:
Amy Asivido
(360) 831-4290
Added: Aug 6
Last Checked: Aug 6 at 4:06PM
MLS# 221230005
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1971 duplex contains 1,680 square feet across two residences, each arranged with two bedrooms and one bathroom. Both units are scheduled for delivery vacant at closing. Interior features include laminate flooring, baseboard heat, appliance packages, and washer-dryer hookups. Unit 2303 includes a private driveway with side-by-side off-street parking for two vehicles, while Unit 2301 received new piping along with a new tub, shower, vanity, and fixtures in 2024.
The property occupies 0.11 acres at 2301 Kauffman Ave in Vancouver. John Ball Park is across the street, with a C-Tran stop nearby. The site is 9/10 mile from I-5 and provides access to WA-500, Highway 14, downtown Vancouver, dining, breweries, and the Columbia River waterfront. A new water meter and 4-inch sewer line to the street were installed in 2017, and the roof was replaced in 2014. The property is zoned R-9.
The property occupies 0.11 acres at 2301 Kauffman Ave in Vancouver. John Ball Park is across the street, with a C-Tran stop nearby. The site is 9/10 mile from I-5 and provides access to WA-500, Highway 14, downtown Vancouver, dining, breweries, and the Columbia River waterfront. A new water meter and 4-inch sewer line to the street were installed in 2017, and the roof was replaced in 2014. The property is zoned R-9.
Key Highlights
- 1,680 SF duplex on a 0.11‑acre lot
- Two 2‑bedroom, 1‑bath units delivered vacant at closing
- Unit 2303 has a private driveway and off‑street parking for 2 cars
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,448
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$448,960
$449.0K
Cap Rate 7%
$320,686
$320.7K
Cap Rate 9%
$249,422
$249.4K
Market Conditions
NOI Build-Up for 1,680 SF
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.
Gross rent
$33.7K $20.04/SF
− Vacancy
−$1.6K −$0.95/SF
EGI
$32.1K $19.09/SF
− OpEx
−$9.6K −$5.73/SF
NOI
$22.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$448,960
Cap Rate 7%
$320,686
Cap Rate 9%
$249,422
Alternative Uses
Best Use
Multifamily LT 5
$320.7K
$280.6K – $374.1K
NOI $22,448 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$278.4K
$243.6K – $324.8K
NOI $19,487 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$411.0K
$359.7K – $479.6K
NOI $28,773 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,957
Businesses Nearby
Explore this area
Business Placement
Demographics for 98660, WA
12,735
Population
7,048
Households
1.8
Avg Household Size
39
Median Age
38%
College-Educated
91%
High-School Grad
15.3 sq mi
ZIP Area
832
Density / Sq Mi
$65,147
Median Household Income
$51,895
Median Earnings
$1,408
Median Rent
$444,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two vacant units offer separate living spaces, appliance packages, and washer-dryer hookups in a residential income property.
Where is this duplex located?
The property is located at 2301 KAUFFMAN Ave Vancouver, WA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 1,680 SF duplex on a 0.11‑acre lot; Two 2‑bedroom, 1‑bath units delivered vacant at closing; Unit 2303 has a private driveway and off‑street parking for 2 cars
