Tenant-Occupied
For Sale
$799,000
2917 Fruit Valley Road, Vancouver, WA 98660
Two residential units provide matching layouts with contemporary finishes, private outdoor areas, and established occupancy.
Property Size3,052 SF
Price / SF$261.80
Days on Market188
Property Features for 2917 Fruit Valley Road
General Information
Standard status
Active
Size
3,052 SF
Total Parking Spaces
4
Property subtype
Multi Family
Zoning
R-30
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,602
Amenities
2
Composition
Cement Siding
Building Details
Year Built
2017
Listing Agency:
Premiere Property Group, LLC
(360) 909-1179
Listed By:
John Bishop · License #47728
(360) 909-1179
Source:
Compass
Added: Feb 24
Changed: Aug 30
Last Checked: Aug 30 at 9:02PM
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 Premiere Property Group, LLC
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 = 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
$40,780
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
5.10%
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%
$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
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
$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 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%
$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 5.10%
Second Best
Apartment 5plus
$505.7K
$442.5K – $590.0K
NOI $35,402 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$746.7K
$653.4K – $871.2K
NOI $52,272 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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 Road Vancouver, WA.
What is the asking price?
The asking price for this property is $799,000.
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
