6-Unit Multifamily
For Sale
$700,000
908 NE 1ST AVE, Battle Ground, WA 98604
Three duplex buildings across two tax lots with resident laundry hookups and outdoor areas for most units.
Property Size2,736 SF
Days on Market183
Property Features for 908 NE 1ST AVE
General Information
Standard status
Active
Size
2,736 SF
Total Parking Spaces
10
Property subtype
MULTI_FAMILY
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$3,599
Amenities
laundry hookups
backyards
storage sheds
Building Details
Building Size
2,736 SF
Year Built
1996
Buildings
3
Listing Agency:
Windermere Northwest Living
Listed By:
Stefanie Foster
(360) 903-7200
Source:
Currangrouprealtors
Added: Apr 15
Changed: Oct 14
Last Checked: Oct 13 at 2:48AM
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 multifamily property consists of three duplex buildings across two separate tax lots, totaling 4,372 square feet and six units. The unit mix includes four two-bedroom, one-bath residences and two one-bedroom, one-bath residences. Built in 1996, the property includes laundry hookups in every unit, mini-split or wall heat, carpeted bedrooms and living areas, and linoleum flooring in the kitchens and bathrooms.
The site provides 10 parking spaces, with backyards or side yards serving most units. Some residences also have detached storage sheds. All six units are currently rented, with long-term tenants in place. The property is located at 908 NE 1st Ave in Battle Ground, with Main Street within a short walk.
The site provides 10 parking spaces, with backyards or side yards serving most units. Some residences also have detached storage sheds. All six units are currently rented, with long-term tenants in place. The property is located at 908 NE 1st Ave in Battle Ground, with Main Street within a short walk.
Key Highlights
- Six total units: four 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
- Three duplex buildings situated on two separate tax lots
- 4,372 square feet; built in 1996
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,646
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,920
$712.9K
Cap Rate 7%
$509,229
$509.2K
Cap Rate 9%
$396,067
$396.1K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$54.2K $19.80/SF
− Vacancy
−$3.3K −$1.19/SF
EGI
$50.9K $18.61/SF
− OpEx
−$15.3K −$5.58/SF
NOI
$35.6K $13.03/SF
Area
Clark County, WA
Vacancy
6.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,920
Cap Rate 7%
$509,229
Cap Rate 9%
$396,067
Alternative Uses
Best Use
Multifamily LT 5
$509.2K
$445.6K – $594.1K
NOI $35,646 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$475.4K
$416.0K – $554.7K
NOI $33,280 @ 7.0% cap · market cap 4.75%
Theoretical Best
Specialty Retail
$666.6K
$583.2K – $777.7K
NOI $46,659 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Explore this area
Business Placement
Demographics for 98604, WA
38,245
Population
13,557
Households
2.8
Avg Household Size
39
Median Age
28%
College-Educated
94%
High-School Grad
72.1 sq mi
ZIP Area
530
Density / Sq Mi
$108,616
Median Household Income
$58,693
Median Earnings
$1,492
Median Rent
$543,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three duplex buildings across two tax lots with resident laundry hookups and outdoor areas for most units.
Where is this multifamily property located?
The property is located at 908 NE 1ST AVE Battle Ground, WA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Six total units: four 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; Three duplex buildings situated on two separate tax lots; 4,372 square feet; built in 1996
