801 NE 104TH Ave Vancouver, WA 98664
MULTI_FAMILY - Vancouver, WA
Property Features for 801 NE 104TH Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-18
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4
- Standard status
- Active
- APN
- 110532248
- Size
- 1,672 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Description
- HUDSONS BAY LOT 25 FOR ASSESSOR USE ONLY HUDSONS BAY LOT 25
- Tax Annual Amount
- 4824
Building Details
- Year built
- 1967
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Composition, Shingle
Listing agent Jonathan Casares (360) 721-2739
Listing office Zenith Properties NW, LLC 1498 SE Tech Ctr Pl, Ste 17, Vancouver, WA (360) 696-3111
Listing date Jul 15, 2026
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The lot is large and level, with 100+ feet of road frontage. The duplex is connected to city water and uses a septic tank. There is no HOA.
The duplex is listed under zoning R-18. One unit is fully leased out through February 2027, with an option to renew. Buyer to verify any development potential. Convenient access to transportation includes being within a quarter-mile radius of the Vine major bus line, and the property is described as approximately 3 minutes to PeaceHealth and 9 minutes to PDX International Airport.
Key Highlights
- Cash‑flow‑ready duplex in Forest Ridge: both units are 2 bed / 1 bath
- Fully leased—one unit leased out through Feb 2027 with an option to renew
- Large level lot with 100+ ft road frontage; each unit has a fenced‑in backyard
Local 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 | $33.5k | $20.04 |
| − Vacancy | −$1.6k | −$0.95 |
| EGI | $31.9k | $19.09 |
| − OpEx | −$9.6k | −$5.73 |
| NOI | $22.3k | $13.36 |
