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Two-Unit Duplex Investment

2807 CAPLES Ave Vancouver, WA 98661

New
2807 CAPLES Ave, Vancouver, WA, 98661
$450,000
For Sale
$450,000

MULTI_FAMILY - Vancouver, WA

Property Size1,584 SF
Lot Size0.13 Acres
Price / SF$284.09
Days on Market2

Property Features for 2807 CAPLES Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R-18
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2
Standard status
Active
APN
030251230
Size
1,584 SF
Lot size
0.13 Acres

Taxes and HOA fees

Tax Description
LORRIES LOTS LOT 5 FOR ASSESSOR USE ONLY LORRIES LOTS LOT 5
Tax Annual Amount
3668

Utilities

Heating system
Baseboard

Building Details

Year built
1972
Floors in Building
1
Number of units
3
Roof type
Composition
Listing Agency Coldwell Banker United Brokers
1710 W Main Street Ste 110, Battle Ground, WA
Listed by Matthew Bailey
Added: Jul 16 Checked: Jul 17 at 2:06 pm
MLS# 187360684 Listing URL

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 well-cared-for duplex offers two separate units, each featuring 2 bedrooms and 1 bathroom, along with a private fenced yard. The property has newer flooring and a newer roof. Both units are currently occupied by the same tenants for more than three years.

Located in Vancouver, Washington, the duplex is in Bagley Downs, near a community swimming center and a park.

With both units configured similarly and all units occupied, the property provides a straightforward two-unit residential income profile.

Key Highlights

  • Well cared‑for duplex built in 1972
  • Each unit has 2 bedrooms and 1 bathroom
  • Both units include a private fenced yard

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $31.7k $20.04
− Vacancy −$1.5k −$0.95
EGI $30.2k $19.09
− OpEx −$9.1k −$5.73
NOI $21.2k $13.36
1,584 SF · lease $20.04/SF/yr · vacancy 4.75% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$302.4K
$264.6K – $352.8K (±1% cap)
NOI $21,165 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$262.5K
$229.7K – $306.2K (±1% cap)
NOI $18,374 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$387.6K
$339.1K – $452.2K (±1% cap)
NOI $27,129 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Dental Office Law Firm Hair Salon Skin Care Clinic Parking Lot & Garage Nail Salon Barber Shop (Bike/Boat/Book/etc) Store Furniture & Home Goods

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom, 1-bath units, each with a private fenced yard.
Where is this duplex located?
The property is located at 2807 CAPLES Ave Vancouver, WA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Well cared‑for duplex built in 1972; Each unit has 2 bedrooms and 1 bathroom; Both units include a private fenced yard
Contact an agent
More about this property
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