Townhome Multifamily
7017 NE 131st WAY, Vancouver, WA 98686
For Sale
New
$398,000
Each residence has three bedrooms, three bathrooms, and an open main floor with a quartz kitchen island.
Property Size1,432 SF
Price / SF$277.93
Days on Market7
Property Features for 7017 NE 131st WAY
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Realty Works Group Inc
Listed By:
The Reger Group
(503) 893-2022
Source:
Searchpnwhouses
Added: Nov 4
Changed: Nov 10
Last Checked: Nov 10 at 7:50AM
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 Realty Works Group Inc
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Investment Insights
Based on property information with market context.
This 2026-built townhome offering features three-bedroom, three-bathroom residences with an open-concept main level. The kitchen includes a quartz island and stainless steel appliances; upstairs are a primary suite and two additional bedrooms. Homes may be acquired individually or in groupings of two, three, four, or nine units.
Parks, schools, shopping, and major commuter routes are described as minutes away. Washington State University is eight minutes from the property.
Parks, schools, shopping, and major commuter routes are described as minutes away. Washington State University is eight minutes from the property.
Key Highlights
- Townhomes built in 2026
- Three bedrooms and three bathrooms per residence
- Available individually or in packages of 2, 3, 4, or 9 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,610
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,200
$332.2K
Cap Rate 7%
$237,286
$237.3K
Cap Rate 9%
$184,556
$184.6K
Market Conditions
NOI Build-Up for 1,432 SF
Gross rent
$31.8K $22.20/SF
− Vacancy
−$1.6K −$1.11/SF
EGI
$30.2K $21.09/SF
− OpEx
−$13.6K −$9.49/SF
NOI
$16.6K $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%
$332,200
Cap Rate 7%
$237,286
Cap Rate 9%
$184,556
Alternative Uses
Best Use
Apartment 5plus
$237.3K
$207.6K – $276.8K
NOI $16,610 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$350.4K
$306.6K – $408.8K
NOI $24,526 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
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Business Placement
Demographics for 98686, WA
21,462
Population
8,348
Households
2.6
Avg Household Size
43
Median Age
37%
College-Educated
96%
High-School Grad
11.7 sq mi
ZIP Area
1,834
Density / Sq Mi
$101,866
Median Household Income
$57,423
Median Earnings
$1,836
Median Rent
$546,100
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Vancouver, WA
Properties on Market for Multifamily properties in Vancouver
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence has three bedrooms, three bathrooms, and an open main floor with a quartz kitchen island.
Where is this multifamily property located?
The property is located at 7017 NE 131st WAY Vancouver, WA.
What is the asking price?
The asking price for this property is $398,000.
What are key features of this property?
This property features: Townhomes built in 2026; Three bedrooms and three bathrooms per residence; Available individually or in packages of 2, 3, 4, or 9 units
