Triplex with Private Fenced
For Sale
$675,000
3316 Grand Blvd, Vancouver, WA 98660
Three occupied two-bedroom residences offer updated flooring and individual outdoor areas near Minnehaha Park.
Property Size2,850 SF
Price / SF$236.84
Days on Market60
Property Features for 3316 Grand Blvd
General Information
Standard status
Active
Size
2,850 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Amenities
private fenced yard
Building Details
Year Built
1972
Listing Agency:
Coldwell Banker United Brokers
Listed By:
Matthew Bailey
(503) 810-1769
Source:
Foxrealestategroups
Added: Aug 17
Changed: Oct 8
Last Checked: Oct 5 at 7:53PM
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 Coldwell Banker United Brokers
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Investment Insights
Based on property information with market context.
This 2,850-square-foot triplex, built in 1972, contains three residences with a consistent layout: two bedrooms and one bathroom per unit. Each residence includes a private fenced yard, and newer flooring adds a recent interior improvement. All three units are occupied, with tenants in place for 3+ years.
The property is located at 3316 Grand Blvd in Vancouver, near Minnehaha Park. Its three-unit configuration and established occupancy provide a straightforward multifamily format for ownership or continued rental use.
The property is located at 3316 Grand Blvd in Vancouver, near Minnehaha Park. Its three-unit configuration and established occupancy provide a straightforward multifamily format for ownership or continued rental use.
Key Highlights
- 2,850‑square‑foot triplex built in 1972
- Three units, each with 2 bedrooms and 1 bath
- Private fenced yard for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,081
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,620
$761.6K
Cap Rate 7%
$544,014
$544.0K
Cap Rate 9%
$423,122
$423.1K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$57.1K $20.04/SF
− Vacancy
−$2.7K −$0.95/SF
EGI
$54.4K $19.09/SF
− OpEx
−$16.3K −$5.73/SF
NOI
$38.1K $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 Rate 5%
$761,620
Cap Rate 7%
$544,014
Cap Rate 9%
$423,122
Alternative Uses
Best Use
Multifamily LT 5
$544.0K
$476.0K – $634.7K
NOI $38,081 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$472.3K
$413.2K – $551.0K
NOI $33,059 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$697.3K
$610.2K – $813.5K
NOI $48,812 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
518
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
Check the figures for this property
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?
Triplex - Three occupied two-bedroom residences offer updated flooring and individual outdoor areas near Minnehaha Park.
Where is this triplex located?
The property is located at 3316 Grand Blvd Vancouver, WA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,850‑square‑foot triplex built in 1972; Three units, each with 2 bedrooms and 1 bath; Private fenced yard for every unit
