Two-Unit Duplex with Off-Street
3713 M Street Vancouver, WA 98663
3713 M Street, Vancouver, WA, 98663
$600,000
For Sale
$600,000
Two single-level units each offer 2 bedrooms and 1 bathroom, with dedicated off-street parking behind the building.
Property Size1,724 SF
Price / SF$348.03
Days on Market81
Property Features for 3713 M Street
General Information
- Standard status
- Active
- Size
- 1,724 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1965
Listing agency
Knipe Realty ERA Powered
(360) 831-4290
Listed by
Amy Asivido Christman · License #120298
(360) 831-4290
Source
Compass
Added: May 4 Updated: Jul 21 at 8:34PM Checked: Jul 22 at 6:37AM
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 Knipe Realty ERA Powered
Investment Insights
Based on property information with market context.
This well-located duplex offers two single-level units. Each unit features 2 bedrooms and 1 bathroom, with updated hard-surface flooring. In-unit amenities include a refrigerator and washer/dryer hookups, supported by practical, comfortable layouts.
Recent upgrades include new flooring and subfloor work, full interior paint, plumbing updates, and some newer appliances. The property is served by two electrical panels that were replaced in May 2023. Four dedicated off-street parking spaces are located behind the building, with additional parking available in front.
There is also an opportunity to purchase an adjacent duplex (3709 M St) for a combined total of four units across two neighboring properties. Access is described as convenient to I-5, Clark College, downtown employment centers, restaurants, and shopping.
Recent upgrades include new flooring and subfloor work, full interior paint, plumbing updates, and some newer appliances. The property is served by two electrical panels that were replaced in May 2023. Four dedicated off-street parking spaces are located behind the building, with additional parking available in front.
There is also an opportunity to purchase an adjacent duplex (3709 M St) for a combined total of four units across two neighboring properties. Access is described as convenient to I-5, Clark College, downtown employment centers, restaurants, and shopping.
Key Highlights
- Duplex with two single‑level units, each offering 2 bedrooms and 1 bathroom
- Four dedicated off‑street parking spaces behind the building, with additional parking available in front
- Recent upgrades include new flooring and subfloor work, full interior paint, and plumbing updates
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.5k | $20.04 |
| − Vacancy | −$1.6k | −$0.95 |
| EGI | $32.9k | $19.09 |
| − OpEx | −$9.9k | −$5.73 |
| NOI | $23.0k | $13.36 |
1,724 SF · lease $20.04/SF/yr · vacancy 4.75% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two single-level units each offer 2 bedrooms and 1 bathroom, with dedicated off-street parking behind the building.
Where is this duplex located?
The property is located at 3713 M Street 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: Duplex with two single‑level units, each offering 2 bedrooms and 1 bathroom; Four dedicated off‑street parking spaces behind the building, with additional parking available in front; Recent upgrades include new flooring and subfloor work, full interior paint, and plumbing updates
