Updated Quadplex with Off-Street
2509 T St, Vancouver, WA 98661
For Sale
$795,000
MultiFamily, Vancouver, WA
Property Size2,784 SF
Lot Size0.19 Acres
Price / SF$285.56
Days on Market111
Property Features for 2509 T St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
Weichert Realtors, Equity NW
(360) 253-1212
Listed By:
Paul Stevens
(360) 921-1277
Added: Jul 27
Changed: Oct 25
Last Checked: Nov 14 at 12:06AM
MLS# 490929213
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.
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Investment Insights
Based on property information with market context.
Built in 1976, this 2,784-square-foot quadplex contains four residential units on a 0.19-acre parcel zoned R 30. Three units have received extensive updates, while the fourth has remained occupied by the same tenants for nearly 20 years. Vinyl windows and a composition roof that is four years old add to the property’s existing improvements.
The property includes off-street parking and is located near Clark College, the VA Hospital, and bus lines. Fourth Plain Blvd is approximately half a block away, providing convenient access to a major nearby corridor. The unit layout includes eight bedrooms and four bathrooms.
The property includes off-street parking and is located near Clark College, the VA Hospital, and bus lines. Fourth Plain Blvd is approximately half a block away, providing convenient access to a major nearby corridor. The unit layout includes eight bedrooms and four bathrooms.
Key Highlights
- 2,784‑square‑foot quadplex on a 0.19‑acre lot
- Three of four units extensively updated
- Fourth unit occupied by the same tenants for nearly 20 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,199
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,980
$744.0K
Cap Rate 7%
$531,414
$531.4K
Cap Rate 9%
$413,322
$413.3K
Market Conditions
NOI Build-Up for 2,784 SF
Gross rent
$55.8K $20.04/SF
− Vacancy
−$2.7K −$0.95/SF
EGI
$53.1K $19.09/SF
− OpEx
−$15.9K −$5.73/SF
NOI
$37.2K $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%
$743,980
Cap Rate 7%
$531,414
Cap Rate 9%
$413,322
Alternative Uses
Best Use
Multifamily LT 5
$531.4K
$465.0K – $620.0K
NOI $37,199 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$461.3K
$403.7K – $538.2K
NOI $32,293 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$681.2K
$596.0K – $794.7K
NOI $47,682 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
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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
$424,700
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Vancouver, WA
Properties on Market for Quadplexes in Vancouver
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with refreshed units, established occupancy, and access to nearby transit and services.
Where is this quadplex located?
The property is located at 2509 T St Vancouver, WA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 2,784‑square‑foot quadplex on a 0.19‑acre lot; Three of four units extensively updated; Fourth unit occupied by the same tenants for nearly 20 years
