Midcentury Duplex with Fenced
7516 Tennessee Ln Vancouver, WA 98664
New
For Sale
$525,000
Midcentury duplex on a corner lot with two 2-bedroom, 1-bath units, each with laundry and a one-car garage.
Days on Market7
Property Features for 7516 Tennessee Ln
General Information
Standard status
Active
Property subtype
Multi Family Home
Building Details
Year Built
1958
Listing Agency:
Windermere Northwest Living
(360) 907-9513
Listed By:
Amelie Marian · License #123192
(360) 907-9513
Source:
Allprofessionalsre
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 29 at 12:40PM
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 Windermere Northwest Living
Investment Insights
Based on property information with market context.
This sturdy midcentury duplex is situated on a large corner lot and features a one-level layout with garages located in the middle. The property includes two separate units, and each unit offers two bedrooms, one bathroom, in-unit laundry, and a one-car garage. Both units also benefit from large, divided, fully fenced backyards.
Recent improvements include newer LVP flooring and paint in unit 7516, along with a newer roof and newer fencing. The property is described as having a long-term rental history in the Vancouver Heights area.
Please do not disturb tenants.
Recent improvements include newer LVP flooring and paint in unit 7516, along with a newer roof and newer fencing. The property is described as having a long-term rental history in the Vancouver Heights area.
Please do not disturb tenants.
Key Highlights
- 1958 midcentury duplex on a large corner lot
- Two separate units: each has 2 bedrooms, 1 bathroom, laundry, and a 1‑car garage
- Each unit includes a large divided, fully fenced backyard space
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.1k | $20.04 |
| − Vacancy | −$1.6k | −$0.95 |
| EGI | $31.5k | $19.09 |
| − OpEx | −$9.5k | −$5.73 |
| NOI | $22.1k | $13.36 |
1,652 SF · lease $20.04/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$315.3K
$275.9K – $367.9K
NOI $22,073 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$273.7K
$239.5K – $319.4K
NOI $19,162 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$404.2K
$353.7K – $471.6K
NOI $28,294 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Midcentury duplex on a corner lot with two 2-bedroom, 1-bath units, each with laundry and a one-car garage.
Where is this duplex located?
The property is located at 7516 Tennessee Ln Vancouver, WA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1958 midcentury duplex on a large corner lot; Two separate units: each has 2 bedrooms, 1 bathroom, laundry, and a 1‑car garage; Each unit includes a large divided, fully fenced backyard space
