Tenant-Occupied
For Sale
$780,000
2917 Fruit Valley Rd, Vancouver, WA 98660
Two residential units provide matching layouts with contemporary finishes, private outdoor areas, and established occupancy.
Property Size3,052 SF
Price / SF$255.57
Days on Market213
Property Features for 2917 Fruit Valley Rd
General Information
Standard status
Active
Size
3,052 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2017
Listing Agency:
John L. Scott Real Estate
Listed By:
Barry Johnson · License #4664
(360) 253-4100
Source:
Christiesrealestateevg
Added: Mar 17
Changed: Oct 10
Last Checked: Oct 7 at 3:34PM
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 John L. Scott Real Estate
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Investment Insights
Based on property information with market context.
Built in 2017, this 3,052-square-foot duplex contains two 1,526-square-foot residences, each offering 3 bedrooms and 2 1/2 bathrooms. Both units feature LVP flooring, a kitchen pantry, electric range, built-in microwave, built-in dishwasher, vinyl windows, walk-in closet, vaulted ceiling, ceiling fans, and forced-air heat pumps. Fiber cement siding, composition roofing, concrete patios, and fenced yards complete the exterior improvements.
The property is tenant occupied and located at 2917 Fruit Valley Road in Vancouver, Washington. R-30 zoning supports the property’s residential configuration. Each side provides a comparable floor plan, creating a consistent two-unit layout for continued residential occupancy.
The property is tenant occupied and located at 2917 Fruit Valley Road in Vancouver, Washington. R-30 zoning supports the property’s residential configuration. Each side provides a comparable floor plan, creating a consistent two-unit layout for continued residential occupancy.
Key Highlights
- Two‑unit property totaling 3,052 sqft, with 1,526 sqft per residence
- Each unit includes 3 bedrooms and 2 1/2 bathrooms
- Tenant occupied duplex built in 2017
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,780
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,600
$815.6K
Cap Rate 7%
$582,571
$582.6K
Cap Rate 9%
$453,111
$453.1K
Market Conditions
NOI Build-Up for 3,052 SF
Gross rent
$61.2K $20.04/SF
− Vacancy
−$2.9K −$0.95/SF
EGI
$58.3K $19.09/SF
− OpEx
−$17.5K −$5.73/SF
NOI
$40.8K $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%
$815,600
Cap Rate 7%
$582,571
Cap Rate 9%
$453,111
Alternative Uses
Best Use
Multifamily LT 5
$582.6K
$509.8K – $679.7K
NOI $40,780 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$505.7K
$442.5K – $590.0K
NOI $35,402 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$746.7K
$653.4K – $871.2K
NOI $52,272 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
269
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
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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 residential units provide matching layouts with contemporary finishes, private outdoor areas, and established occupancy.
Where is this duplex located?
The property is located at 2917 Fruit Valley Rd Vancouver, WA.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Two‑unit property totaling 3,052 sqft, with 1,526 sqft per residence; Each unit includes 3 bedrooms and 2 1/2 bathrooms; Tenant occupied duplex built in 2017
