Five-Unit Apartment
414 W 12TH ST, Vancouver, WA 98660
For Sale
$995,000
CX zoning and separate electrical meters support the property's current apartment configuration.
Property Size4,500 SF
Price / SF$221.11
Days on Market600
Property Features for 414 W 12TH ST
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Opportunity Zone
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Construction
Listing Agency:
Premiere Property Group LLC
Listed By:
Ryan Lapointe
(360) 609-2830
Source:
Hustlehearthomes
Added: Mar 20, 2025
Changed: Nov 7
Last Checked: Nov 8 at 8:59PM
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 Premiere Property Group LLC
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Investment Insights
Based on property information with market context.
This 4,500-square-foot apartment property dates to 1910 and contains five apartments, each with a separate electrical meter. Two units are on the main floor, two occupy the second floor, and one is on the third floor. The building carries CX commercial zoning, with an opportunity-zone designation also noted.
The property sits on a corner lot at 414 W 12TH ST in Vancouver, Washington. Nearby destinations include the farmers market, the waterfront, and Uptown Village, each described as a few blocks away.
The property sits on a corner lot at 414 W 12TH ST in Vancouver, Washington. Nearby destinations include the farmers market, the waterfront, and Uptown Village, each described as a few blocks away.
Key Highlights
- Five apartments arranged across three floors
- Five separate electrical meters
- 4,500 square feet; built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,198
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,043,960
$1.0M
Cap Rate 7%
$745,686
$745.7K
Cap Rate 9%
$579,978
$580.0K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$99.9K $22.20/SF
− Vacancy
−$5.0K −$1.11/SF
EGI
$94.9K $21.09/SF
− OpEx
−$42.7K −$9.49/SF
NOI
$52.2K $11.60/SF
Area
Vancouver, WA
Vacancy
5.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,043,960
Cap Rate 7%
$745,686
Cap Rate 9%
$579,978
Alternative Uses
Best Use
Apartment 5plus
$745.7K
$652.5K – $870.0K
NOI $52,198 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$963.4K – $1.28M
NOI $77,072 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
4,033
Businesses Nearby
Explore this area
Business Placement
Demographics for 98660, WA
12,735
Population
7,048
Households
1.8
Avg Household Size
39
Median Age
38%
College-Educated
91%
High-School Grad
15.3 sq mi
ZIP Area
832
Density / Sq Mi
$65,147
Median Household Income
$51,895
Median Earnings
$1,408
Median Rent
$444,300
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?
Apartment building - CX zoning and separate electrical meters support the property's current apartment configuration.
Where is this apartment building located?
The property is located at 414 W 12TH ST Vancouver, WA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Five apartments arranged across three floors; Five separate electrical meters; 4,500 square feet; built in 1910
