Duplex With Fenced
For Sale
$450,000
2811 CAPLES Ave, Vancouver, WA 98660
MultiFamily, Vancouver, WA
Property Size1,585 SF
Lot Size0.12 Acres
Price / SF$283.91
Days on Market102
Property Features for 2811 CAPLES Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-18
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3
Subdivision
Bagley Downs
Elementary school
Roosevelt
Middle school
McLoughlin
High school
Fort Vancouver
Directions
East on E Fourth, North on Caples
Standard status
Active
APN
030251232
Size
1,585 SF
Lot size
0.12 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
LORRIES LOTS LOT 6 FOR ASSESSOR USE ONLY LORRIES LOTS LOT 6
Tax Annual Amount
3668
Legal Description
LORRIES LOTS LOT 6 FOR ASSESSOR USE ONLY LORRIES LOTS LOT 6
Utilities
Heating system
Baseboard
Amenities
private fenced yard
Building Details
Year built
1972
Floors in Building
1
Number of units
2
Roof type
Composition
Buildings
1
Listing Agency:
Coldwell Banker United Brokers · Coldwell Banker Real Estate
(360) 687-3183
Listed By:
Matthew Bailey
(503) 810-1769
Added: Jul 16
Changed: Oct 24
Last Checked: Oct 25 at 9:06PM
MLS# 385087206
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 duplex contains two residences, each configured with two bedrooms and one bathroom. Both units include a private fenced yard, and the property has newer flooring and a newer composition roof. Baseboard heating serves the building, which was constructed in 1972.
The property occupies 0.12 acres at 2811 CAPLES Ave in Vancouver, Washington, near a community swimming center and park. R-18 zoning applies to the site. Both residences are occupied by the same tenants, who have remained in place for more than three years.
The property occupies 0.12 acres at 2811 CAPLES Ave in Vancouver, Washington, near a community swimming center and park. R-18 zoning applies to the site. Both residences are occupied by the same tenants, who have remained in place for more than three years.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Private fenced yard provided for each residence
- 1585 square feet on a 0.12‑acre lot
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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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences offer matching two-bedroom, one-bath layouts with individual outdoor space.
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: Two units, each with 2 bedrooms and 1 bathroom; Private fenced yard provided for each residence; 1585 square feet on a 0.12‑acre lot
