Updated 4-Plex with Individual
4416 Gibbons Street Vancouver, WA 98661
4416 Gibbons Street, Vancouver, WA, 98661
$889,900
For Sale
$889,900
Four leased 2-bed/1-bath units with individual single-car garages and coin-operated laundry on a level cul-de-sac lot.
Property Size3,480 SF
Lot Size0.24 Acres
Price / SF$255.72
Days on Market15
Property Features for 4416 Gibbons Street
General Information
- Standard status
- Active
- Size
- 3,480 SF
- Lot size
- 0.24 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1972
Listing agency
John L. Scott Real Estate
(360) 921-4799
Listed by
Scott Bradley · License #27669
(360) 921-4799
Source
Compass
Added: Jul 8 Updated: Jul 21 at 5:41PM Checked: Jul 21 at 5:41PM
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 John L. Scott Real Estate
Investment Insights
Based on property information with market context.
This updated 4-plex contains four 2-bedroom, 1-bath units, each with a full kitchen and currently leased. The property is set up with individual single-car garages and ample off-street parking, along with common coin-operated laundry. Public water and sewer service are in place, and the lot is level and located on a cul-de-sac.
Per seller records, the property has an actual gross income of $55,440 and $40,440 net income. The listing notes R-18 zoning and an approximately 0.24-acre lot size, providing long-term flexibility.
The property also includes a solar supplemental system, with plans indicating a 35-module rooftop solar array; the buyer is responsible for verifying ownership, production, utility savings, and transferability. Assumable 2.25% VA financing may be available, subject to lender approval and buyer qualification. Showings are appointment-only, and tenants should not be disturbed.
Per seller records, the property has an actual gross income of $55,440 and $40,440 net income. The listing notes R-18 zoning and an approximately 0.24-acre lot size, providing long-term flexibility.
The property also includes a solar supplemental system, with plans indicating a 35-module rooftop solar array; the buyer is responsible for verifying ownership, production, utility savings, and transferability. Assumable 2.25% VA financing may be available, subject to lender approval and buyer qualification. Showings are appointment-only, and tenants should not be disturbed.
Key Highlights
- Four leased units; all are 2 bed/1 bath, approx. 825 SF each (fourplex).
- Individual single‑car garages plus ample off‑street parking for each unit.
- Coin‑operated common laundry on‑site.
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 | $69.7k | $20.04 |
| − Vacancy | −$3.3k | −$0.95 |
| EGI | $66.4k | $19.09 |
| − OpEx | −$19.9k | −$5.73 |
| NOI | $46.5k | $13.36 |
3,480 SF · lease $20.04/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$664.3K
$581.2K – $775.0K
NOI $46,499 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$576.7K
$504.6K – $672.8K
NOI $40,366 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$851.5K
$745.0K – $993.4K
NOI $59,602 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four leased 2-bed/1-bath units with individual single-car garages and coin-operated laundry on a level cul-de-sac lot.
Where is this quadplex located?
The property is located at 4416 Gibbons Street Vancouver, WA.
What is the asking price?
The asking price for this property is $889,900.
What are key features of this property?
This property features: Four leased units; all are 2 bed/1 bath, approx. 825 SF each (fourplex).; Individual single‑car garages plus ample off‑street parking for each unit.; Coin‑operated common laundry on‑site.
