2-Unit
710/712 W 38TH ST, Vancouver, WA 98660
For Sale
$500,000
Both residences have two bedrooms and one bathroom, with downtown Vancouver and daily amenities nearby.
Property Size1,527 SF
Days on Market11
Property Features for 710/712 W 38TH ST
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Invest West Management LLC.
Listed By:
Alexandra Linstead
(360) 719-9888
Source:
Currangrouprealtors
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 3:07PM
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 Invest West Management LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1957 duplex contains two separate residences, each configured with two bedrooms and one bathroom. The paired-unit layout offers a distinct living space in each residence.
The property is in Vancouver’s Lincoln neighborhood, with downtown, shopping, dining, parks, and everyday services accessible nearby.
The property is in Vancouver’s Lincoln neighborhood, with downtown, shopping, dining, parks, and everyday services accessible nearby.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Built in 1957
- Located in Vancouver’s Lincoln neighborhood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,403
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,060
$408.1K
Cap Rate 7%
$291,471
$291.5K
Cap Rate 9%
$226,700
$226.7K
Market Conditions
NOI Build-Up for 1,527 SF
Gross rent
$30.6K $20.04/SF
− Vacancy
−$1.5K −$0.95/SF
EGI
$29.1K $19.09/SF
− OpEx
−$8.7K −$5.73/SF
NOI
$20.4K $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%
$408,060
Cap Rate 7%
$291,471
Cap Rate 9%
$226,700
Alternative Uses
Best Use
Multifamily LT 5
$291.5K
$255.0K – $340.1K
NOI $20,403 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$253.0K
$221.4K – $295.2K
NOI $17,712 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$373.6K
$326.9K – $435.9K
NOI $26,153 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
Explore this area
Business Placement
Demographics for 98660, WA
12,735
Population
7,048
Households
1.8
Avg Household Size
39
Median Age
38%
College-Educated
91%
High-School Grad
15.3 sq mi
ZIP Area
832
Density / Sq Mi
$65,147
Median Household Income
$51,895
Median Earnings
$1,408
Median Rent
$444,300
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Vancouver, WA
Properties on Market for Duplexes in Vancouver
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms and one bathroom, with downtown Vancouver and daily amenities nearby.
Where is this duplex located?
The property is located at 710/712 W 38TH ST Vancouver, WA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Built in 1957; Located in Vancouver’s Lincoln neighborhood
