Updated Triplex with Attached
For Sale
$699,900
2404 E 13TH ST, Vancouver, WA 98661
Three-unit property with shared laundry, renovated finishes, and a fenced common yard.
Property Size2,238 SF
Days on Market204
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Property Features for 2404 E 13TH ST
General Information
Standard status
Active
Size
2,238 SF
Property subtype
MULTI_FAMILY
Taxes and HOA fees
Annual Taxes
$4,619
Building Details
Building Size
2,238 SF
Year Built
1964
Listing Agency:
Premiere Property Group, LLC
Listed By:
Jason Preuit · License #200408054
(503) 984-9887
Source:
Eleeterealestate
Added: Mar 26
Changed: Oct 4
Last Checked: Oct 15 at 4:48AM
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 Premiere Property Group, LLC
Investment Insights
Based on property information with market context.
This 2,238-square-foot triplex, built in 1964, combines refreshed interiors with practical shared amenities. Select units have refinished oak hardwood flooring, updated appliances, and refreshed finishes. The property also includes shared laundry and two attached garages that provide additional storage capacity.
Exterior improvements include new landscaping, concrete, railings, and hardscaping. A front English garden complements the property, while the fully fenced backyard features turf and drainage improvements for shared outdoor use.
The Vancouver property is located near downtown Vancouver, the Vancouver Waterfront, and Clark College, with access to I-5 and SR-500 for travel toward Portland.
Exterior improvements include new landscaping, concrete, railings, and hardscaping. A front English garden complements the property, while the fully fenced backyard features turf and drainage improvements for shared outdoor use.
The Vancouver property is located near downtown Vancouver, the Vancouver Waterfront, and Clark College, with access to I-5 and SR-500 for travel toward Portland.
Key Highlights
- 2,238‑square‑foot triplex built in 1964
- Two attached garages with additional storage capacity
- Shared laundry located on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,903
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,060
$598.1K
Cap Rate 7%
$427,186
$427.2K
Cap Rate 9%
$332,256
$332.3K
Market Conditions
NOI Build-Up for 2,238 SF
Gross rent
$44.8K $20.04/SF
− Vacancy
−$2.1K −$0.95/SF
EGI
$42.7K $19.09/SF
− OpEx
−$12.8K −$5.73/SF
NOI
$29.9K $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%
$598,060
Cap Rate 7%
$427,186
Cap Rate 9%
$332,256
Alternative Uses
Best Use
Multifamily LT 5
$427.2K
$373.8K – $498.4K
NOI $29,903 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$370.9K
$324.5K – $432.7K
NOI $25,960 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$547.6K
$479.1K – $638.8K
NOI $38,330 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,063
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with shared laundry, renovated finishes, and a fenced common yard.
Where is this triplex located?
The property is located at 2404 E 13TH ST Vancouver, WA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 2,238‑square‑foot triplex built in 1964; Two attached garages with additional storage capacity; Shared laundry located on site
