Duplex With Fenced
For Sale
$450,000
2811 Caples Ave, Vancouver, WA 98660
Two residences offer matching layouts, updated flooring, and private outdoor space near a community pool and park.
Property Size1,585 SF
Price / SF$283.91
Days on Market89
Property Features for 2811 Caples Ave
General Information
Standard status
Active
Size
1,585 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1972
Buildings
1
Listing Agency:
Coldwell Banker United Brokers
Listed By:
Matthew Bailey
(503) 810-1769
Source:
Rosecityrealtygroup
Added: Jul 22
Changed: Oct 16
Last Checked: Oct 7 at 1:15PM
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 Coldwell Banker United Brokers
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Investment Insights
Based on property information with market context.
This 1,584-square-foot duplex, built in 1972, contains two residences with the same configuration: two bedrooms and one bathroom per unit. Each side includes a private fenced yard, while newer flooring and a newer roof provide recent property improvements.
Both units are occupied by the same tenants, each for more than three years. The property is located in Bagley Downs near a community swimming center and park, adding nearby recreational amenities to the residential setting.
Both units are occupied by the same tenants, each for more than three years. The property is located in Bagley Downs near a community swimming center and park, adding nearby recreational amenities to the residential setting.
Key Highlights
- 1,584‑square‑foot duplex built in 1972
- Each unit has 2 bedrooms and 1 bathroom
- Private fenced yard for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,178
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,560
$423.6K
Cap Rate 7%
$302,543
$302.5K
Cap Rate 9%
$235,311
$235.3K
Market Conditions
NOI Build-Up for 1,585 SF
Gross rent
$31.8K $20.04/SF
− Vacancy
−$1.5K −$0.95/SF
EGI
$30.3K $19.09/SF
− OpEx
−$9.1K −$5.73/SF
NOI
$21.2K $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%
$423,560
Cap Rate 7%
$302,543
Cap Rate 9%
$235,311
Alternative Uses
Best Use
Multifamily LT 5
$302.5K
$264.7K – $353.0K
NOI $21,178 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$262.6K
$229.8K – $306.4K
NOI $18,385 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$387.8K
$339.3K – $452.4K
NOI $27,146 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
Explore this area
Business Placement
Demographics for 98660, WA
12,735
Population
7,048
Households
1.8
Avg Household Size
39
Median Age
38%
College-Educated
91%
High-School Grad
15.3 sq mi
ZIP Area
832
Density / Sq Mi
$65,147
Median Household Income
$51,895
Median Earnings
$1,408
Median Rent
$444,300
Median Home Value
Check the figures for this property
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 residences offer matching layouts, updated flooring, and private outdoor space near a community pool and park.
Where is this duplex located?
The property is located at 2811 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: 1,584‑square‑foot duplex built in 1972; Each unit has 2 bedrooms and 1 bathroom; Private fenced yard for both units
