4337 NE 87TH St, Vancouver, WA 98665
MULTI_FAMILY - Vancouver, WA
- Added:
- May 21, 2026
- Days on Market:
- 47
- Last Refresh:
- Jul 6 at 9:06 am
Property Features for 4337 NE 87TH St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-18
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 6, Bathroom 3, Bedroom 6, Bedroom 4, Bathroom 4, Bathroom 5
- Standard status
- Active
- APN
- 986047319
- Size
- 3,305 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Description
- FLATS ON 88TH LOT 11 311985 FOR ASSESSOR USE ONLY FLATS ON 88TH L
- Tax Annual Amount
- 4049
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2019
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Composition
Listing agent John Blom (360) 977-8329
Listing office Windermere Northwest Living 1404 NE 134th St Ste 100, Vancouver, WA (360) 993-2222
Listing date May 21, 2026
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.
HighLights
- 2019‑built duplex with central air and forced air heating
- Two tax parcels; each unit features 3 bedrooms and 2.5 bathrooms
- Both units are currently leased with consistent rental history
- Each unit includes a 2‑car garage
- Quality finishes include quartz counters in the kitchen and primary bath, stainless steel appliances, and durable laminate floors
- Location near Costco and Luke Jensen Park with easy access to Padden Parkway, I‑5, and I‑205
Overview
The duplex is positioned in a central Vancouver area with access to Padden Parkway and major routes including I-5 and I-205. Public remarks note proximity to Costco and Luke Jensen Park, supporting convenient everyday access for residents.
For investors, this asset is being marketed as a turn-key rental with both units in place through 2027. Public remarks also cite a 4.9% cap rate, and financial information is available upon request. For owner-occupants or buyers seeking rental income, the existing lease structure and in-unit features—such as attached garages and updated finishes—provide a straightforward path to take over an operating property.
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 | $66.2k | $20.04 |
| − Vacancy | −$3.1k | −$0.95 |
| EGI | $63.1k | $19.09 |
| − OpEx | −$18.9k | −$5.73 |
| NOI | $44.2k | $13.36 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Vancouver
- County
- Clark
- State
- Washington
- Longitude
- -122.626452
- Latitude
- 45.684982
