Shorewood East Condo with
For Sale
$345,000
5575 E EVERGREEN BLVD #4212, Vancouver, WA 98661
Condo with city views, balcony, and convenient complex amenities.
Property Size1,093 SF
Price / SF$315.65
Days on Market423
Property Features for 5575 E EVERGREEN BLVD #4212
General Information
Standard status
Active
Size
1,093 SF
Property subtype
Condominium
Amenities
Baseboard
Wall Heater
Wall Unit
Dishwasher
Disposal
Free-Standing Range
Free-Standing Refrigerator
Microwave
Pantry
Composition
Building Details
Building Size
1,093 SF
Year Built
1972
Stories
1
Listing Agency:
Keller Williams Premier Partners
Listed By:
Luke Ross · License #51793
(360) 901-5550
Source:
Kw
Added: Aug 10, 2025
Changed: Oct 6
Last Checked: Oct 5 at 4:19PM
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 Premier Partners
Investment Insights
Based on property information with market context.
This second-level front unit in Shorewood East offers panoramic city and territorial views, including sights of planes, trains, automobiles, and boats. Accessible via the north entrance, the condo features a galley-style kitchen with white cabinetry and butcher block counters, along with two large storage closets. The dining area is situated between the kitchen and a slider that opens to a private balcony. The living room has oversized windows providing natural light and showcasing the views. A centrally located full bath serves guests and the second bedroom. The primary bedroom includes a large closet and a primary bath accessed through a sliding barn door. An additional unit is available for rent on a daily or weekly basis for extra guests. The building provides a garbage chute in the main hall, an elevator to the first floor for laundry and mail, and security doors throughout.
Key Highlights
- Panoramic city and territorial views offer constant activity.
- Convenient main floor location with accessible north entrance.
- Primary bedroom features a huge closet and ensuite bathroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,678
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,560
$253.6K
Cap Rate 7%
$181,114
$181.1K
Cap Rate 9%
$140,867
$140.9K
Market Conditions
NOI Build-Up for 1,093 SF
Gross rent
$24.3K $22.20/SF
− Vacancy
−$1.2K −$1.11/SF
EGI
$23.1K $21.09/SF
− OpEx
−$10.4K −$9.49/SF
NOI
$12.7K $11.60/SF
Area
Vancouver, WA
Vacancy
5.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,560
Cap Rate 7%
$181,114
Cap Rate 9%
$140,867
Alternative Uses
Best Use
Apartment 5plus
$181.1K
$158.5K – $211.3K
NOI $12,678 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$267.4K
$234.0K – $312.0K
NOI $18,720 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
128
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Condo with city views, balcony, and convenient complex amenities.
Where is this apartment building located?
The property is located at 5575 E EVERGREEN BLVD #4212 Vancouver, WA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Panoramic city and territorial views offer constant activity.; Convenient main floor location with accessible north entrance.; Primary bedroom features a huge closet and ensuite bathroom.
