Updated Two-Unit
For Sale
$479,900
Pending
3109 N ST, Vancouver, WA 98663
Remodeled residences offer private utility rooms, covered parking, and separate kitchens with solid-surface counters.
Property Size2,000 SF
Days on Market52
Property Features for 3109 N ST
General Information
Standard status
Pending
Size
2,000 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Neighborhood
Rose Village
Highway Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Building Details
Year Built
1972
Year Renovated
2018
Listing Agency:
Taylor & Taylor Realty Co.
(541) 994-9111
Listed By:
The Reger Group
(503) 893-2022
Source:
Searchpnwhouses
Added: Sep 13
Changed: Oct 31
Last Checked: Nov 3 at 6:05AM
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 Taylor & Taylor Realty Co.
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,000 square feet in total, with each residence measuring 1,000 square feet. Both units offer two bedrooms, one bathroom, a living room, dining area, kitchen, indoor utility room with washer and dryer hookups, and a covered one-car carport. Kitchen appliances include a dishwasher, range, and refrigerator, while solid-surface counters add to the kitchen finish package.
The units were remodeled in 2017/2018 with bathroom updates, carpet and vinyl flooring, light fixtures, bedroom doors, and closet doors. Additional work includes a new roof, a complete attic overhaul with new insulation in 2026, fresh interior paint in 2025/2023, exterior doors installed in 2022, and landscaping with a retaining wall completed in 2020. Built in 1972, the property is near Clark College, the VA Hospital, downtown Vancouver, I-5, and Portland.
The units were remodeled in 2017/2018 with bathroom updates, carpet and vinyl flooring, light fixtures, bedroom doors, and closet doors. Additional work includes a new roof, a complete attic overhaul with new insulation in 2026, fresh interior paint in 2025/2023, exterior doors installed in 2022, and landscaping with a retaining wall completed in 2020. Built in 1972, the property is near Clark College, the VA Hospital, downtown Vancouver, I-5, and Portland.
Key Highlights
- Two‑unit duplex with 2,000 square feet total
- Each unit includes 2 bedrooms, 1 bathroom, and 1,000 square feet
- Remodeling completed in 2017/2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,723
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,460
$534.5K
Cap Rate 7%
$381,757
$381.8K
Cap Rate 9%
$296,922
$296.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$40.1K $20.04/SF
− Vacancy
−$1.9K −$0.95/SF
EGI
$38.2K $19.09/SF
− OpEx
−$11.5K −$5.73/SF
NOI
$26.7K $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%
$534,460
Cap Rate 7%
$381,757
Cap Rate 9%
$296,922
Alternative Uses
Best Use
Multifamily LT 5
$381.8K
$334.0K – $445.4K
NOI $26,723 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$331.4K
$290.0K – $386.7K
NOI $23,199 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$489.3K
$428.2K – $570.9K
NOI $34,254 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
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Business Placement
Demographics for 98663, WA
15,188
Population
6,753
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
3,704
Density / Sq Mi
$84,590
Median Household Income
$47,747
Median Earnings
$1,538
Median Rent
$430,900
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 - Remodeled residences offer private utility rooms, covered parking, and separate kitchens with solid-surface counters.
Where is this duplex located?
The property is located at 3109 N ST Vancouver, WA.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,000 square feet total; Each unit includes 2 bedrooms, 1 bathroom, and 1,000 square feet; Remodeling completed in 2017/2018
