3-Unit Vancouver
4520 NICHOLSON RD, Vancouver, WA 98661
For Sale
New
$697,997
Built in 1950, the property can support rental use or an owner-occupant arrangement.
Property Size2,200 SF
Days on Market7
Property Features for 4520 NICHOLSON RD
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Huston Realty DBA Arete Properties
Listed By:
Tyler Sundby
(360) 601-7118
Source:
Currangrouprealtors
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 8 at 2:01PM
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 Huston Realty DBA Arete Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Vancouver triplex contains three residences in a building constructed in 1950. The configuration allows an owner to occupy one unit while renting the other two, or to lease all three as a rental property.
The property is in the Bagley Downs neighborhood, near Bagley Community Park, shopping, and dining. SR 500 provides connections to I-5 and I-205, with Clark College and downtown Vancouver also within reach.
The property is in the Bagley Downs neighborhood, near Bagley Community Park, shopping, and dining. SR 500 provides connections to I-5 and I-205, with Clark College and downtown Vancouver also within reach.
Key Highlights
- Three residences in one building
- Built in 1950
- Bagley Downs location near Bagley Community Park, shopping, and dining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,396
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,920
$587.9K
Cap Rate 7%
$419,943
$419.9K
Cap Rate 9%
$326,622
$326.6K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$44.1K $20.04/SF
− Vacancy
−$2.1K −$0.95/SF
EGI
$42.0K $19.09/SF
− OpEx
−$12.6K −$5.73/SF
NOI
$29.4K $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%
$587,920
Cap Rate 7%
$419,943
Cap Rate 9%
$326,622
Alternative Uses
Best Use
Multifamily LT 5
$419.9K
$367.5K – $489.9K
NOI $29,396 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$364.6K
$319.0K – $425.3K
NOI $25,519 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$538.3K
$471.0K – $628.0K
NOI $37,679 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
Explore this area
Business Placement
Demographics for 98661, WA
48,983
Population
22,291
Households
2.2
Avg Household Size
36
Median Age
27%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,494
Density / Sq Mi
$75,037
Median Household Income
$43,920
Median Earnings
$1,440
Median Rent
$424,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Built in 1950, the property can support rental use or an owner-occupant arrangement.
Where is this triplex located?
The property is located at 4520 NICHOLSON RD Vancouver, WA.
What is the asking price?
The asking price for this property is $697,997.
What are key features of this property?
This property features: Three residences in one building; Built in 1950; Bagley Downs location near Bagley Community Park, shopping, and dining
