Two-Unit Duplex with Updated
New
For Sale
$475,000
3821 E 18TH St, Vancouver, WA 98661
MultiFamily, Vancouver, WA
Property Size1,680 SF
Lot Size0.29 Acres
Price / SF$282.74
Days on Market3
Property Features for 3821 E 18TH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MSN
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2
Subdivision
MAPLEWOOD
Elementary school
King
Middle school
McLoughlin
High school
Fort Vancouver
Directions
Grand Blvd, East on E. 18th St, Duplex at Corner of Brandt Rd & E. 18th St
Standard status
Active
APN
029373010
Size
1,680 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
#109 EDWARD MOORE DLC .29 ACRE ML FOR ASSESSOR USE ONLY THAT PTN
Tax Annual Amount
4549
Legal Description
#109 EDWARD MOORE DLC .29 ACRE ML FOR ASSESSOR USE ONLY THAT PTN
Utilities
Heating system
Baseboard
Amenities
laundry area
Building Details
Year built
1942
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Premier Realty
(360) 546-1554
Listed By:
Linda Hougan
(360) 600-6694
Added: Oct 16
Last Checked: Oct 18 at 12:06AM
MLS# 501311762
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 duplex contains two two-story residences, each with 840 square feet. Both units have a living room, kitchen, and laundry area on the main level, with two bedrooms and one bathroom upstairs. Refrigerators and stoves are included in each residence. The building dates to 1942 and has baseboard heating and a composition roof. Exterior improvements include fiber cement siding, vinyl windows, gutters, and fresh paint.
The property occupies a 0.29-acre corner lot in Vancouver, Washington. Both units are currently vacant; previous rents are not included in this summary.
The property occupies a 0.29-acre corner lot in Vancouver, Washington. Both units are currently vacant; previous rents are not included in this summary.
Key Highlights
- Two residences totaling 1,680 square feet
- Each unit has 840 square feet, two bedrooms, and one bathroom
- Two‑story layouts with living room, kitchen, and laundry area on the main floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,448
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,960
$449.0K
Cap Rate 7%
$320,686
$320.7K
Cap Rate 9%
$249,422
$249.4K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$33.7K $20.04/SF
− Vacancy
−$1.6K −$0.95/SF
EGI
$32.1K $19.09/SF
− OpEx
−$9.6K −$5.73/SF
NOI
$22.4K $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%
$448,960
Cap Rate 7%
$320,686
Cap Rate 9%
$249,422
Alternative Uses
Best Use
Multifamily LT 5
$320.7K
$280.6K – $374.1K
NOI $22,448 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$278.4K
$243.6K – $324.8K
NOI $19,487 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$411.0K
$359.7K – $479.6K
NOI $28,773 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
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Business Placement
Demographics for 98661, WA
48,983
Population
22,291
Households
2.2
Avg Household Size
36
Median Age
27%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,494
Density / Sq Mi
$75,037
Median Household Income
$43,920
Median Earnings
$1,440
Median Rent
$424,700
Median Home Value
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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?
Duplex - Two vacant residences offer separate kitchens, laundry areas, and upstairs bedrooms.
Where is this duplex located?
The property is located at 3821 E 18TH St Vancouver, WA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two residences totaling 1,680 square feet; Each unit has 840 square feet, two bedrooms, and one bathroom; Two‑story layouts with living room, kitchen, and laundry area on the main floor
