Four-Unit Duplex
New
For Sale
$999,000
3400 Kauffman Ave, Vancouver, WA 98660
Two adjacent duplexes provide four rented apartments, each with a two-bedroom, one-bathroom layout.
Property Size3,512 SF
Price / SF$284.45
Days on Market5
Property Features for 3400 Kauffman Ave
General Information
Standard status
Active
Size
3,512 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1966
Buildings
2
Listed By:
Charles and Janette Wilcox
(253) 256-1721
Source:
Wilcoxrealestatewa
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 8:18AM
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 Charles and Janette Wilcox
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering comprises two duplexes totaling 3,512 square feet. Together, they contain four apartments, each arranged with two bedrooms and one bathroom. The buildings date to 1966 and are professionally managed, with maintenance and upkeep carried out over time.
All four apartments are occupied. The property is located on Kauffman Ave in Vancouver, near the Lincoln and Carter Park neighborhoods.
All four apartments are occupied. The property is located on Kauffman Ave in Vancouver, near the Lincoln and Carter Park neighborhoods.
Key Highlights
- Two duplexes offered together
- Four units, all occupied
- Each unit has two bedrooms and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,926
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$938,520
$938.5K
Cap Rate 7%
$670,371
$670.4K
Cap Rate 9%
$521,400
$521.4K
Market Conditions
NOI Build-Up for 3,512 SF
Gross rent
$70.4K $20.04/SF
− Vacancy
−$3.3K −$0.95/SF
EGI
$67.0K $19.09/SF
− OpEx
−$20.1K −$5.73/SF
NOI
$46.9K $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%
$938,520
Cap Rate 7%
$670,371
Cap Rate 9%
$521,400
Alternative Uses
Best Use
Multifamily LT 5
$670.4K
$586.6K – $782.1K
NOI $46,926 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$582.0K
$509.2K – $679.0K
NOI $40,737 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$859.3K
$751.9K – $1.00M
NOI $60,150 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
800
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
Frequently Asked Questions
What type of property is this?
Duplex - Two adjacent duplexes provide four rented apartments, each with a two-bedroom, one-bathroom layout.
Where is this duplex located?
The property is located at 3400 Kauffman Ave Vancouver, WA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two duplexes offered together; Four units, all occupied; Each unit has two bedrooms and one bathroom
