Two-Unit Duplex with Off-Street
3709 M St, Vancouver, WA 98663
For Sale
$600,000
MultiFamily, Vancouver, WA
Property Size1,724 SF
Lot Size0.13 Acres
Price / SF$348.03
Days on Market190
Property Features for 3709 M St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Keller Williams Realty
(360) 693-3336
Listed By:
Amy Asivido · License #25413
(360) 831-4290
Added: May 4
Changed: Nov 8
Last Checked: Nov 9 at 5:06AM
MLS# 710939001
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.
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Investment Insights
Based on property information with market context.
This 1,724-square-foot duplex contains two single-level residences, each with 2 bedrooms and 1 bathroom. Both units have hard-surface flooring, a refrigerator, and washer and dryer hookups. Improvements include flooring and subfloor work, interior paint, plumbing updates, and some newer appliances. The building dates to 1965 and has forced-air heat. Two electrical panels were replaced in May 2023.
The 0.13-acre property is zoned R-9 and includes four dedicated parking spaces behind the building, plus additional parking at the front. I-5, Clark College, downtown employment centers, restaurants, and shopping are accessible from the property.
A separate duplex at 3713 M St is identified as a potential adjacent purchase; together, the two properties would comprise four units.
The 0.13-acre property is zoned R-9 and includes four dedicated parking spaces behind the building, plus additional parking at the front. I-5, Clark College, downtown employment centers, restaurants, and shopping are accessible from the property.
A separate duplex at 3713 M St is identified as a potential adjacent purchase; together, the two properties would comprise four units.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,724 square feet on a 0.13‑acre lot
- Four dedicated off‑street parking spaces behind the building, plus additional front parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,036
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,720
$460.7K
Cap Rate 7%
$329,086
$329.1K
Cap Rate 9%
$255,956
$256.0K
Market Conditions
NOI Build-Up for 1,724 SF
Gross rent
$34.5K $20.04/SF
− Vacancy
−$1.6K −$0.95/SF
EGI
$32.9K $19.09/SF
− OpEx
−$9.9K −$5.73/SF
NOI
$23.0K $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%
$460,720
Cap Rate 7%
$329,086
Cap Rate 9%
$255,956
Alternative Uses
Best Use
Multifamily LT 5
$329.1K
$288.0K – $383.9K
NOI $23,036 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$285.7K
$250.0K – $333.3K
NOI $19,998 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$421.8K
$369.1K – $492.1K
NOI $29,527 @ 7.0% cap · market cap 4.92%
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
583
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
$430,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Vancouver, WA
Properties on Market for Duplexes in Vancouver
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a single-level, two-bedroom layout with washer and dryer hookups.
Where is this duplex located?
The property is located at 3709 M St Vancouver, WA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,724 square feet on a 0.13‑acre lot; Four dedicated off‑street parking spaces behind the building, plus additional front parking
