Duplex with Finished
For Sale
$650,000
2841 NE Stapleton RD, Vancouver, WA 98661
Two-unit property with updated interior finishes, private primary suites, and convenient access to local education, shopping, and transportation.
Property Size1,426 SF
Price / SF$455.82
Days on Market53
Property Features for 2841 NE Stapleton RD
General Information
Standard status
Active
Size
1,426 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
great-room living
tiled flooring
stainless steel appliances
tiled countertops
gas fireplaces
walk-in closets
private bathrooms
dedicated laundry rooms
window blinds
finished garages
Building Details
Year Built
2006
Listing Agency:
Chris Balmes Properties LLC
Listed By:
Realty Portland Team
(503) 966-4371
Source:
Realtyportland
Added: Aug 10
Changed: Sep 30
Last Checked: Oct 1 at 11:29AM
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 Chris Balmes Properties LLC
Investment Insights
Based on property information with market context.
Built in 2006, this duplex offers two residential units with open great-room layouts and tiled finishes extending through the entry, hallways, kitchens, dining areas, and bathrooms. Each kitchen includes stainless steel appliances and tiled countertops. Gas fireplaces serve the living areas, while primary suites provide walk-in closets and private bathrooms with full tile finishes. Dedicated laundry rooms, window blinds, and finished garages with automatic openers add functional features for occupants.
The property is located at 2841 NE Stapleton Rd in Vancouver, Washington, near Clark College, major freeways, shopping, and area schools. Its two-unit configuration and separate primary-suite layouts support residential income use.
The property is located at 2841 NE Stapleton Rd in Vancouver, Washington, near Clark College, major freeways, shopping, and area schools. Its two-unit configuration and separate primary-suite layouts support residential income use.
Key Highlights
- Duplex built in 2006
- Open great‑room layouts with gas fireplaces
- Kitchens include stainless steel appliances and tiled countertops
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,054
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$381,080
$381.1K
Cap Rate 7%
$272,200
$272.2K
Cap Rate 9%
$211,711
$211.7K
Market Conditions
NOI Build-Up for 1,426 SF
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.
Gross rent
$28.6K $20.04/SF
− Vacancy
−$1.4K −$0.95/SF
EGI
$27.2K $19.09/SF
− OpEx
−$8.2K −$5.73/SF
NOI
$19.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$381,080
Cap Rate 7%
$272,200
Cap Rate 9%
$211,711
Alternative Uses
Best Use
Multifamily LT 5
$272.2K
$238.2K – $317.6K
NOI $19,054 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$236.3K
$206.8K – $275.7K
NOI $16,541 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$348.9K
$305.3K – $407.1K
NOI $24,423 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
807
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with updated interior finishes, private primary suites, and convenient access to local education, shopping, and transportation.
Where is this duplex located?
The property is located at 2841 NE Stapleton RD Vancouver, WA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Duplex built in 2006; Open great‑room layouts with gas fireplaces; Kitchens include stainless steel appliances and tiled countertops
