New Construction
For Sale
$1,275,000
3916 G St, Vancouver, WA 98663
MultiFamily, Vancouver, WA
Property Size4,800 SF
Lot Size0.12 Acres
Price / SF$265.63
Days on Market47
Property Features for 3916 G St
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R-22
Bedrooms
8
Bathrooms
12
Full bathrooms
12
Rooms
Bathroom 7, Bedroom 1, Bedroom 2, Bathroom 11, Bedroom 6, Bathroom 5, Bathroom 1, Bathroom 9, Bathroom 10, Bathroom 8, Bedroom 5, Bathroom 12, Bathroom 4, Bedroom 8, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 7, Bathroom 2, Bathroom 6
Elementary school
Lincoln
Middle school
Discovery
High school
Hudsons Bay
Directions
I-5 exit at 39th st, E on 39th St, Right on G St
Subdivision
_14
Standard status
Active
APN
012675000
Size
4,800 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
SUMMIT PARK ADDN LOT 13 BLK 2
Tax Annual Amount
1809
Legal Description
SUMMIT PARK ADDN LOT 13 BLK 2
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Number of units
4
Roof type
Composition
Listing Agency:
Premiere Property Group, LLC
(360) 693-6139
Listed By:
Isaac Kieffer
(360) 787-6534
Added: Jul 17
Changed: Aug 19
Last Checked: Sep 1 at 12:06PM
MLS# 604980829
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.
Under construction at 3916 G St in Vancouver, this four-unit multifamily property contains 4,800 square feet on a 0.12-acre site. Completion is estimated for March/April 2027. Each residence is arranged across two levels, with a main-floor living area, a half bathroom, and two upstairs bedroom suites that include private full bathrooms. Central air conditioning, forced-air heating, and a full appliance package are planned for every unit.
The property is designated R-22 and is configured as a quadplex rather than a single large dwelling. Its composition provides four separately arranged residences within one newly constructed building, with a total of eight bedrooms and twelve bathrooms across the property. The composition roof and modern mechanical systems are part of the current construction scope.
The property is designated R-22 and is configured as a quadplex rather than a single large dwelling. Its composition provides four separately arranged residences within one newly constructed building, with a total of eight bedrooms and twelve bathrooms across the property. The composition roof and modern mechanical systems are part of the current construction scope.
Key Highlights
- Four‑unit multifamily property with 4,800 square feet on 0.12 acres
- Estimated completion in March/April 2027
- Each unit includes two private bedroom suites with individual full bathrooms
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
$64,136
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
5.03%
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%
$1,282,720
$1.3M
Cap Rate 7%
$916,229
$916.2K
Cap Rate 9%
$712,622
$712.6K
Market Conditions
NOI Build-Up for 4,800 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
$96.2K $20.04/SF
− Vacancy
−$4.6K −$0.95/SF
EGI
$91.6K $19.09/SF
− OpEx
−$27.5K −$5.73/SF
NOI
$64.1K $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%
$1,282,720
Cap Rate 7%
$916,229
Cap Rate 9%
$712,622
Alternative Uses
Best Use
Multifamily LT 5
$916.2K
$801.7K – $1.07M
NOI $64,136 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$795.4K
$696.0K – $928.0K
NOI $55,678 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,210 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
696
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?
Quadplex - Four two-story residences offer private bedroom suites, individual HVAC, and appliance packages within a contemporary multifamily design.
Where is this quadplex located?
The property is located at 3916 G St Vancouver, WA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Four‑unit multifamily property with 4,800 square feet on 0.12 acres; Estimated completion in March/April 2027; Each unit includes two private bedroom suites with individual full bathrooms
