Two-Unit Duplex with
New
For Sale
$609,750
5704 NE 135TH AVE, Vancouver, WA 98682
Each residence offers three bedrooms, two-and-a-half bathrooms, and a spacious kitchen; one unit is vacant.
Property Size2,520 SF
Days on Market4
Property Features for 5704 NE 135TH AVE
General Information
Standard status
Active
Size
2,520 SF
Property subtype
MULTI_FAMILY
Taxes and HOA fees
Annual Taxes
$5,621
Building Details
Building Size
2,520 SF
Year Built
2005
Listing Agency:
AgencyOne NW
Listed By:
Sutko Gojak
(360) 521-4318
Source:
Currangrouprealtors
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 7 at 3:24PM
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 AgencyOne NW
Investment Insights
Based on property information with market context.
Built in 2005, this duplex contains 2,520 square feet across two residences. Each side has three bedrooms, two-and-a-half bathrooms, living space, and a spacious kitchen. Both units have oversized garages, and the property’s exterior has no fence separating the residences.
One unit is vacant, while the other has a history of consistent rentals. The property is at 5704 NE 135th AVE in Vancouver, Washington, with access to nearby shopping, services, and commuter routes.
One unit is vacant, while the other has a history of consistent rentals. The property is at 5704 NE 135th AVE in Vancouver, Washington, with access to nearby shopping, services, and commuter routes.
Key Highlights
- Two residences, each with 3 bedrooms and 2.5 bathrooms
- 2,520 square feet; built in 2005
- Both units include oversized garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,671
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,420
$673.4K
Cap Rate 7%
$481,014
$481.0K
Cap Rate 9%
$374,122
$374.1K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$50.5K $20.04/SF
− Vacancy
−$2.4K −$0.95/SF
EGI
$48.1K $19.09/SF
− OpEx
−$14.4K −$5.73/SF
NOI
$33.7K $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%
$673,420
Cap Rate 7%
$481,014
Cap Rate 9%
$374,122
Alternative Uses
Best Use
Multifamily LT 5
$481.0K
$420.9K – $561.2K
NOI $33,671 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$417.6K
$365.4K – $487.2K
NOI $29,231 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$616.6K
$539.5K – $719.3K
NOI $43,160 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Explore this area
Business Placement
Demographics for 98682, WA
65,434
Population
24,288
Households
2.7
Avg Household Size
35
Median Age
26%
College-Educated
92%
High-School Grad
28.5 sq mi
ZIP Area
2,296
Density / Sq Mi
$95,863
Median Household Income
$48,723
Median Earnings
$1,766
Median Rent
$442,100
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
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, two-and-a-half bathrooms, and a spacious kitchen; one unit is vacant.
Where is this duplex located?
The property is located at 5704 NE 135TH AVE Vancouver, WA.
What is the asking price?
The asking price for this property is $609,750.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2.5 bathrooms; 2,520 square feet; built in 2005; Both units include oversized garages
