Remodeled Duplex with Fenced
For Sale
$439,900
2809 Watson Ave, Vancouver, WA 98661
Two one-bedroom units offer separate entries, appliances, laundry hookups, and mini-split heating and cooling.
Property Size1,200 SF
Price / SF$366.58
Days on Market71
Property Features for 2809 Watson Ave
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
fenced backyard
own entry gate
open floorplan
laminate flooring
washer/dryer hookups
mini-splits
range
refrigerator
Building Details
Year Built
1943
Listing Agency:
Berkshire Hathaway HomeServices NW Real Estate
Listed By:
Annette Chapman
(360) 256-0088
Source:
Evergreenrealestatepartners
Added: Aug 9
Changed: Oct 15
Last Checked: Oct 7 at 1:14PM
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 Berkshire Hathaway HomeServices NW Real Estate
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Investment Insights
Based on property information with market context.
This remodeled duplex contains approximately 1,200 square feet with two separate one-bedroom, one-bath residences. Each unit features an open living arrangement, laminate flooring, a kitchen equipped with a range and refrigerator, and washer/dryer hookups. Mini-split systems provide both cooling and heat, while the units are currently vacant. Separate entry gates create individual access to the property’s parking and RV areas, and the oversized corner lot includes a fenced backyard.
The property is located at 2809 Watson Ave in Vancouver, Washington, near bus service, shopping, and restaurants. Built in 1943, the duplex offers two distinct living spaces with room for on-site parking and outdoor use.
The property is located at 2809 Watson Ave in Vancouver, Washington, near bus service, shopping, and restaurants. Built in 1943, the duplex offers two distinct living spaces with room for on-site parking and outdoor use.
Key Highlights
- Approximately 1,200 Sq Ft duplex on an oversized corner lot
- Two vacant units, each with 1 bedroom and 1 bath
- Fenced backyard with separate entry gates for RV/parking access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,034
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,680
$320.7K
Cap Rate 7%
$229,057
$229.1K
Cap Rate 9%
$178,156
$178.2K
Market Conditions
NOI Build-Up for 1,200 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%
$320,680
Cap Rate 7%
$229,057
Cap Rate 9%
$178,156
Alternative Uses
Best Use
Multifamily LT 5
$229.1K
$200.4K – $267.2K
NOI $16,034 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$198.8K
$174.0K – $232.0K
NOI $13,919 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$293.6K
$256.9K – $342.5K
NOI $20,552 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
504
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
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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?
Duplex - Two one-bedroom units offer separate entries, appliances, laundry hookups, and mini-split heating and cooling.
Where is this duplex located?
The property is located at 2809 Watson Ave Vancouver, WA.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Approximately 1,200 Sq Ft duplex on an oversized corner lot; Two vacant units, each with 1 bedroom and 1 bath; Fenced backyard with separate entry gates for RV/parking access
