Remodeled
For Sale
$665,000
4522 Pacific Ave, Vancouver, WA 98663
Three-unit residential income property with one three-bedroom residence and two one-bedroom units.
Property Size2,289 SF
Price / SF$290.52
Days on Market48
Property Features for 4522 Pacific Ave
General Information
Standard status
Active
Size
2,289 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Keller Williams Realty
Listed By:
John Rose · License #25225
(360) 693-3336
Source:
Rosecityrealtygroup
Added: Sep 1
Changed: Oct 6
Last Checked: Oct 7 at 2:52PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This remodeled triplex contains 2,289 square feet across three residential units. The configuration includes one 1,000-square-foot, three-bedroom unit and two 640-square-foot, one-bedroom units. Garage space is used for storage rooms, adding functional support space to the property.
Built in 1900, the property occupies an oversized lot measuring more than 12,000 square feet. It is located at 4522 Pacific Ave in Vancouver’s Lincoln neighborhood, with proximity to Main St and downtown Vancouver.
Built in 1900, the property occupies an oversized lot measuring more than 12,000 square feet. It is located at 4522 Pacific Ave in Vancouver’s Lincoln neighborhood, with proximity to Main St and downtown Vancouver.
Key Highlights
- Remodeled triplex with 2,289 square feet
- Unit mix includes one 1,000‑square‑foot, three‑bedroom unit and two 640‑square‑foot, one‑bedroom units
- Oversized 12k+ square foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,585
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,700
$611.7K
Cap Rate 7%
$436,929
$436.9K
Cap Rate 9%
$339,833
$339.8K
Market Conditions
NOI Build-Up for 2,289 SF
Gross rent
$45.9K $20.04/SF
− Vacancy
−$2.2K −$0.95/SF
EGI
$43.7K $19.09/SF
− OpEx
−$13.1K −$5.73/SF
NOI
$30.6K $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%
$611,700
Cap Rate 7%
$436,929
Cap Rate 9%
$339,833
Alternative Uses
Best Use
Multifamily LT 5
$436.9K
$382.3K – $509.8K
NOI $30,585 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$379.3K
$331.9K – $442.5K
NOI $26,551 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$560.1K
$490.1K – $653.4K
NOI $39,204 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
Business Placement
Demographics for 98663, WA
15,188
Population
6,753
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
3,704
Density / Sq Mi
$84,590
Median Household Income
$47,747
Median Earnings
$1,538
Median Rent
$430,900
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?
Triplex - Three-unit residential income property with one three-bedroom residence and two one-bedroom units.
Where is this triplex located?
The property is located at 4522 Pacific Ave Vancouver, WA.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Remodeled triplex with 2,289 square feet; Unit mix includes one 1,000‑square‑foot, three‑bedroom unit and two 640‑square‑foot, one‑bedroom units; Oversized 12k+ square foot lot
