Remodeled Triplex with
For Sale
$665,000
4522 PACIFIC Ave, Vancouver, WA 98663
MultiFamily, Vancouver, WA
Property Size2,289 SF
Lot Size0.28 Acres
Price / SF$290.52
Days on Market51
Property Features for 4522 PACIFIC Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-18
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 3
View
Territorial
Elementary school
Lincoln
Middle school
Discovery
High school
Hudsons Bay
Directions
Main St; West on 45th St; North on Pacific Ave
Subdivision
_14
Standard status
Active
APN
037918044
Size
2,289 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
PACIFIC TERRACE ADJ LOT 19 FOR ASSESSOR USE ONLY S 30 FT OF LOT 1
Tax Annual Amount
3620
Legal Description
PACIFIC TERRACE ADJ LOT 19 FOR ASSESSOR USE ONLY S 30 FT OF LOT 1
Amenities
storage rooms
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Roof type
Composition
Listing Agency:
Keller Williams Realty
(360) 693-3336
Listed By:
John Rose · License #25225
(360) 903-3466
Added: Aug 27
Changed: Oct 15
Last Checked: Oct 16 at 12:06AM
MLS# 715530334
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.
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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 unit with three bedrooms and two 640-square-foot one-bedroom units. Garage space provides additional storage rooms, while the composition roof serves the property. The 0.28-acre lot offers more than 12,000 square feet of land.
Located in Vancouver’s Lincoln neighborhood, the property is close to Main Street and downtown Vancouver. R-18 zoning and the existing three-unit layout support its multifamily profile. The building dates to 1900.
Located in Vancouver’s Lincoln neighborhood, the property is close to Main Street and downtown Vancouver. R-18 zoning and the existing three-unit layout support its multifamily profile. The building dates to 1900.
Key Highlights
- Three‑unit multifamily property totaling 2,289 square feet
- Unit mix includes one 1000 sqft three‑bedroom unit and two 640 sqft one‑bedroom units
- Remodeled triplex with garage space used as storage rooms
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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Property Analytics
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Current Use
Lease Details
3
Residential units
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
Check the figures for this property
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 residential units include one three-bedroom layout and two one-bedroom layouts in Vancouver’s Lincoln neighborhood.
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: Three‑unit multifamily property totaling 2,289 square feet; Unit mix includes one 1000 sqft three‑bedroom unit and two 640 sqft one‑bedroom units; Remodeled triplex with garage space used as storage rooms
