Renovated
2807 E 24TH St, Vancouver, WA 98661
For Sale
$435,000
MultiFamily, Vancouver, WA
Property Size1,198 SF
Lot Size0.13 Acres
Price / SF$363.11
Days on Market50
Property Features for 2807 E 24TH 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
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
stackable washer/dryer
refrigerator
private fenced yards
Trex decks
off-street parking
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
Windermere Northwest Living · Windermere Real Estate
(360) 993-2222
Listed By:
Jodie Sharp
(360) 798-6668
Added: Sep 25
Changed: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 305528106
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 1,198-square-foot duplex, built in 1943, has two one-bedroom, one-bathroom units on a 0.13-acre lot. Improvements include updated kitchens and bathrooms, new cabinets and appliances, laminate flooring, vinyl windows, siding, and electrical panels. Each residence has a refrigerator and stackable washer and dryer; attic and crawl-space insulation and a vapor barrier have also been added. The roof is composition, and both units have fenced private yards with Trex decks.
Driveway parking serves the property, with additional street parking available. Shopping, Clark College, services, and I-5 access are nearby. The property is zoned LSN.
Driveway parking serves the property, with additional street parking available. Shopping, Clark College, services, and I-5 access are nearby. The property is zoned LSN.
Key Highlights
- Two units, each with one bedroom and one bathroom
- 1,198 square feet on a 0.13‑acre lot
- Updated kitchens and bathrooms with new cabinets and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,007
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,140
$320.1K
Cap Rate 7%
$228,671
$228.7K
Cap Rate 9%
$177,856
$177.9K
Market Conditions
NOI Build-Up for 1,198 SF
Gross rent
$24.0K $20.04/SF
− Vacancy
−$1.1K −$0.95/SF
EGI
$22.9K $19.09/SF
− OpEx
−$6.9K −$5.73/SF
NOI
$16.0K $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%
$320,140
Cap Rate 7%
$228,671
Cap Rate 9%
$177,856
Alternative Uses
Best Use
Multifamily LT 5
$228.7K
$200.1K – $266.8K
NOI $16,007 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$198.5K
$173.7K – $231.6K
NOI $13,896 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$293.1K
$256.5K – $342.0K
NOI $20,518 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
599
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
$424,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 one-bedroom residences include private fenced outdoor space, individual laundry, and driveway parking.
Where is this duplex located?
The property is located at 2807 E 24TH St Vancouver, WA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two units, each with one bedroom and one bathroom; 1,198 square feet on a 0.13‑acre lot; Updated kitchens and bathrooms with new cabinets and appliances
