Duplex with Private Outdoor
2614 E 18th St, Vancouver, WA 98661
For Sale
$575,000
Two separate three-bedroom residences offer fireplaces, full kitchens, and distinct outdoor areas.
Property Size2,240 SF
Lot Size0.23 Acres
Price / SF$256.70
Days on Market9
Property Features for 2614 E 18th St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
fireplaces
patio
deck
Building Details
Year Built
Buildings
Listing Agency:
Keller Williams Realty
Listed By:
Haris Hadziselimovic
(360) 521-1615
Source:
Southwestwahomefinder
Added: Nov 5
Changed: Nov 12
Last Checked: Nov 10 at 12:05PM
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
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Investment Insights
Based on property information with market context.
Built in 1978, this Vancouver duplex contains 2,240 square feet across two separate residences. Each unit has three bedrooms, one bathroom, an open floor plan, and a fireplace. Kitchens include a range, refrigerator, microwave, and dishwasher. The lower unit opens to a patio, while the upper unit has a deck.
The property occupies a 0.23-acre lot with trees. It is described as minutes from downtown Vancouver, Clark College, dining, and shopping. Both residences have their own outdoor space and kitchen appliances.
The property occupies a 0.23-acre lot with trees. It is described as minutes from downtown Vancouver, Clark College, dining, and shopping. Both residences have their own outdoor space and kitchen appliances.
Key Highlights
- Two units, each with 3 bedrooms and 1 bath
- 2,240 square feet total
- 0.23‑acre lot with trees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,930
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,600
$598.6K
Cap Rate 7%
$427,571
$427.6K
Cap Rate 9%
$332,556
$332.6K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$44.9K $20.04/SF
− Vacancy
−$2.1K −$0.95/SF
EGI
$42.8K $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%
$598,600
Cap Rate 7%
$427,571
Cap Rate 9%
$332,556
Alternative Uses
Best Use
Multifamily LT 5
$427.6K
$374.1K – $498.8K
NOI $29,930 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$371.2K
$324.8K – $433.1K
NOI $25,983 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$548.1K
$479.6K – $639.4K
NOI $38,365 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
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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
$424,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Vancouver, WA
Properties on Market for Duplexes in Vancouver
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate three-bedroom residences offer fireplaces, full kitchens, and distinct outdoor areas.
Where is this duplex located?
The property is located at 2614 E 18th St Vancouver, WA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bath; 2,240 square feet total; 0.23‑acre lot with trees
