Two-Unit Residential Income
2811 CAPLES Ave Vancouver, WA 98660
For Sale
$450,000
MULTI_FAMILY - Vancouver, WA
Property Size1,585 SF
Lot Size0.12 Acres
Price / SF$283.91
Days on Market11
Property Features for 2811 CAPLES Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-18
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
- Standard status
- Active
- APN
- 030251232
- Size
- 1,585 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- LORRIES LOTS LOT 6 FOR ASSESSOR USE ONLY LORRIES LOTS LOT 6
- 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
(360) 687-3183
Listed By:
Matthew Bailey
(503) 810-1769
Added: Jul 16
Changed: Jul 22
Last Checked: Jul 26 at 10:06AM
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.
Investment Insights
Based on property information with market context.
This well cared for duplex offers two residential units, each providing 2 bedrooms and 1 bathroom. Each unit includes a private fenced yard, and both units have newer flooring. The property also has a newer roof.
The duplex is located in Bagley Downs near a community swimming center and park. Both units are currently occupied by the same tenants for 3+ years.
With two units in place and ongoing tenancy, the property is presented as an income-focused investment opportunity.
The duplex is located in Bagley Downs near a community swimming center and park. Both units are currently occupied by the same tenants for 3+ years.
With two units in place and ongoing tenancy, the property is presented as an income-focused investment opportunity.
Key Highlights
- Well‑cared‑for duplex in Bagley Downs
- Built in 1972 with baseboard heating and a composition roof
- 2 bedrooms and 1 bath per unit, each with a private fenced yard
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 | $31.8k | $20.04 |
| − Vacancy | −$1.5k | −$0.95 |
| EGI | $30.3k | $19.09 |
| − OpEx | −$9.1k | −$5.73 |
| NOI | $21.2k | $13.36 |
1,585 SF · lease $20.04/SF/yr · vacancy 4.75% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex features two 2-bedroom, 1-bath units, each with a private fenced yard.
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: Well‑cared‑for duplex in Bagley Downs; Built in 1972 with baseboard heating and a composition roof; 2 bedrooms and 1 bath per unit, each with a private fenced yard
