Leased Duplex with
For Sale
$800,000
4337 NE 87th St, Vancouver, WA 98665
Both units are leased and feature quartz counters, stainless steel appliances, and durable laminate flooring.
Property Size3,305 SF
Price / SF$242.06
Days on Market53
Property Features for 4337 NE 87th St
General Information
Standard status
Active
Size
3,305 SF
Property subtype
Multi-Family
Building Details
Year Built
2019
Listing Agency:
Windermere Northwest Living
Listed By:
John D. Blom
(360) 977-8329
Source:
Basedinbham
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 24 at 8:09PM
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 Windermere Northwest Living
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Investment Insights
Based on property information with market context.
Completed in 2019, this 3,305-square-foot duplex comprises two tax parcels. Each unit offers three bedrooms, two and a half bathrooms, and a two-car garage, with quartz countertops in the kitchen and primary bath, stainless steel appliances, and durable laminate flooring. Both units are currently leased.
The property is positioned in central Vancouver near Costco and Luke Jensen Park, with access to Padden Parkway, I-5, and I-205.
The property is positioned in central Vancouver near Costco and Luke Jensen Park, with access to Padden Parkway, I-5, and I-205.
Key Highlights
- 3,305‑square‑foot duplex completed in 2019
- Two tax parcels with both units currently leased
- Each unit includes 3 bedrooms, 2.5 bathrooms, and a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,160
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,200
$883.2K
Cap Rate 7%
$630,857
$630.9K
Cap Rate 9%
$490,667
$490.7K
Market Conditions
NOI Build-Up for 3,305 SF
Gross rent
$66.2K $20.04/SF
− Vacancy
−$3.1K −$0.95/SF
EGI
$63.1K $19.09/SF
− OpEx
−$18.9K −$5.73/SF
NOI
$44.2K $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%
$883,200
Cap Rate 7%
$630,857
Cap Rate 9%
$490,667
Alternative Uses
Best Use
Multifamily LT 5
$630.9K
$552.0K – $736.0K
NOI $44,160 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$547.7K
$479.2K – $638.9K
NOI $38,336 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$808.6K
$707.6K – $943.4K
NOI $56,605 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,132
Businesses Nearby
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Business Placement
Demographics for 98665, WA
28,780
Population
11,894
Households
2.4
Avg Household Size
38
Median Age
29%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,889
Density / Sq Mi
$83,750
Median Household Income
$46,000
Median Earnings
$1,678
Median Rent
$447,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are leased and feature quartz counters, stainless steel appliances, and durable laminate flooring.
Where is this duplex located?
The property is located at 4337 NE 87th St Vancouver, WA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 3,305‑square‑foot duplex completed in 2019; Two tax parcels with both units currently leased; Each unit includes 3 bedrooms, 2.5 bathrooms, and a 2‑car garage
