Daylight Triplex
For Sale
Under Contract
$550,000
2619 NE 45TH St, Vancouver, WA 98663
MultiFamily, Vancouver, WA
Property Size2,868 SF
Lot Size0.21 Acres
Price / SF$191.77
Days on Market153
Property Features for 2619 NE 45TH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
r9
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 4
Elementary school
Minnehaha
Middle school
Jason Lee
High school
Hudsons Bay
Directions
NE St. Johns to NE 45th St into quiet, tree lined street...
Subdivision
_15
Special listing conditions
Short Sale
Standard status
Active Under Contract
APN
151504000
Size
2,868 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
#18 N HENRICHSEN CL .21A FOR ASSESSOR USE ONLYTHAT PORTION OF THE
Tax Annual Amount
5495
Legal Description
#18 N HENRICHSEN CL .21A FOR ASSESSOR USE ONLYTHAT PORTION OF THE
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
1978
Floors in Building
2
Number of units
3
Roof type
Composition
Listing Agency:
Keller Williams Realty Professionals
(503) 546-9955
Listed By:
Heather Brymer
(971) 227-6871
Added: May 27
Changed: Oct 23
Last Checked: Oct 26 at 2:06AM
MLS# 169289327
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.
This triplex property offers a daylight ranch layout with 2,868 square feet of interior space on a 0.21-acre lot. The main level includes three bedrooms, two full bathrooms, an updated kitchen with an eating bar, a dining area, and refreshed interior paint. The finished lower level adds two bedrooms, a full bathroom, a family room, laundry area, and flexible kitchen space, with separate entry and access to the patio and backyard.
Outdoor improvements include a landscaped backyard and a 12' x 16' shed suited to storage, workshop, studio, or hobby use. The property was built in 1978 and includes heat pump heating and cooling, a composition roof, and all appliances. It is located at 2619 NE 45TH St in Vancouver, Washington, with convenient freeway access.
Outdoor improvements include a landscaped backyard and a 12' x 16' shed suited to storage, workshop, studio, or hobby use. The property was built in 1978 and includes heat pump heating and cooling, a composition roof, and all appliances. It is located at 2619 NE 45TH St in Vancouver, Washington, with convenient freeway access.
Key Highlights
- 2,868 square feet on a 0.21‑acre lot
- Five bedrooms and three full bathrooms across the main and lower levels
- Finished daylight lower level with separate entrance and flexible kitchen space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,321
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,420
$766.4K
Cap Rate 7%
$547,443
$547.4K
Cap Rate 9%
$425,789
$425.8K
Market Conditions
NOI Build-Up for 2,868 SF
Gross rent
$57.5K $20.04/SF
− Vacancy
−$2.7K −$0.95/SF
EGI
$54.7K $19.09/SF
− OpEx
−$16.4K −$5.73/SF
NOI
$38.3K $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%
$766,420
Cap Rate 7%
$547,443
Cap Rate 9%
$425,789
Alternative Uses
Best Use
Multifamily LT 5
$547.4K
$479.0K – $638.7K
NOI $38,321 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$475.2K
$415.8K – $554.5K
NOI $33,267 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$701.7K
$614.0K – $818.7K
NOI $49,120 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
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Business Placement
Demographics for 98663, WA
15,188
Population
6,753
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
3,704
Density / Sq Mi
$84,590
Median Household Income
$47,747
Median Earnings
$1,538
Median Rent
$430,900
Median Home Value
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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 - Flexible residential configuration with a finished lower level, separate entrance, backyard access, and included appliances.
Where is this triplex located?
The property is located at 2619 NE 45TH St Vancouver, WA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,868 square feet on a 0.21‑acre lot; Five bedrooms and three full bathrooms across the main and lower levels; Finished daylight lower level with separate entrance and flexible kitchen space
