Updated Duplex with Private
New
For Sale
$560,000
3408 N St, Vancouver, WA 98663
MULTI_FAMILY - Vancouver, WA
Property Size1,504 SF
Lot Size0.12 Acres
Price / SF$372.34
Days on Market2
Property Features for 3408 N St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-9
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2
View
Territorial
Elementary school
Washington
Middle school
Discovery
High school
Hudsons Bay
Directions
33rd and N St
Subdivision
_12
Standard status
Active
APN
018360000
Size
1,504 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
LAYS SUB-DIV LOT 2 BLK 5 FOR ASSESSOR USE ONLY LAYS SUB-DIV LOT 2
Tax Annual Amount
4217
Legal Description
LAYS SUB-DIV LOT 2 BLK 5 FOR ASSESSOR USE ONLY LAYS SUB-DIV LOT 2
Utilities
Heating system
Ductless (Heating)
Building Details
Year built
1967
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Windermere Northwest Living · Windermere Real Estate
(360) 993-2222
Listed By:
Kathy Dessimoz · License #97627
(360) 721-4031
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 7:06AM
MLS# 710898128
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,504-square-foot duplex, built in 1967, contains two updated units with distinct interior and outdoor features. Improvements include granite tile kitchen countertops in the front unit, 3/4-inch hardwood flooring, and a fenced dog run, while the rear unit offers a soaking tub, Italian tile details, and a fenced backyard. Both residences have vinyl windows, recessed lighting with dimmers, tiled tub and shower surrounds, appliances, newer washers and dryers, and added soundproofing along the adjoining wall. Each side also includes a 200-amp electrical panel, private carport, and dedicated storage. Recent property upgrades include a new composition roof, exterior paint, and ductless heating and A/C systems for both units.
The property is located at 3408 N St in Vancouver, near Vancouver Mall, shopping, restaurants, and everyday services. Access to I-5 and I-205 is nearby, with the I-5 Bridge and Portland International Airport also within the stated travel area. The parcel measures 0.12 acres and is zoned R-9.
The property is located at 3408 N St in Vancouver, near Vancouver Mall, shopping, restaurants, and everyday services. Access to I-5 and I-205 is nearby, with the I-5 Bridge and Portland International Airport also within the stated travel area. The parcel measures 0.12 acres and is zoned R-9.
Key Highlights
- 1,504‑square‑foot duplex on a 0.12‑acre parcel
- Each unit includes a private carport, dedicated storage, and a 200‑amp electrical panel
- New composition roof, exterior paint, and ductless heating and A/C systems
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
$20,096
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
3.59%
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%
$401,920
$401.9K
Cap Rate 7%
$287,086
$287.1K
Cap Rate 9%
$223,289
$223.3K
Market Conditions
NOI Build-Up for 1,504 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
$30.1K $20.04/SF
− Vacancy
−$1.4K −$0.95/SF
EGI
$28.7K $19.09/SF
− OpEx
−$8.6K −$5.73/SF
NOI
$20.1K $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 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%
$401,920
Cap Rate 7%
$287,086
Cap Rate 9%
$223,289
Alternative Uses
Best Use
Multifamily LT 5
$287.1K
$251.2K – $334.9K
NOI $20,096 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$249.2K
$218.1K – $290.8K
NOI $17,446 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$368.0K
$322.0K – $429.3K
NOI $25,759 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Explore this area
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
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 separately equipped units feature private outdoor areas, dedicated storage, and recent mechanical and exterior upgrades.
Where is this duplex located?
The property is located at 3408 N St Vancouver, WA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 1,504‑square‑foot duplex on a 0.12‑acre parcel; Each unit includes a private carport, dedicated storage, and a 200‑amp electrical panel; New composition roof, exterior paint, and ductless heating and A/C systems
