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Four-Unit Residential Property
For Sale
$700,000

908 NE 1ST Ave, Battle Ground, WA 98604

MultiFamily, BattleGround, WA

Property Size2,736 SF
Lot Size0.36 Acres
Price / SF$255.85
Days on Market195

Property Features for 908 NE 1ST Ave

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R7
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2
Subdivision ERICKSONS SUB-DIVISION
Elementary school Captain Strong
Middle school Chief Umtuch
High school Battle Ground
Directions W Main St and N Parkway Ave to NE 1st Ave
Standard status Active
APN 091052030
Size 2,736 SF
Lot size 0.36 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description ERICKSONS SUB-DIV ADJ LOT 15 G317 FOR ASSESSOR USE ONLY BEGINNING
Tax Annual Amount 3600
Legal Description ERICKSONS SUB-DIV ADJ LOT 15 G317 FOR ASSESSOR USE ONLY BEGINNING

Amenities

laundry hook ups
backyards
storage sheds

Building Details

Year built 1996
Floors in Building 1
Number of units 4
Roof type Composition
Listing Agency: Windermere Northwest Living · Windermere Real Estate
Listed By: Stefanie Foster
Added: Apr 15 Changed: Oct 25 Last Checked: Oct 26 at 7:06AM
MLS# 283597269

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.

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Investment Insights

Based on property information with market context.

This 2,736-square-foot quadplex, built in 1996, contains four residences: two two-bedroom, one-bath units and two one-bedroom, one-bath units. Each unit includes laundry hookups, while heating is provided by a mini-split or wall-mounted system. Carpet is used in the bedrooms and living areas, with linoleum in the kitchens and bathrooms. The property also includes detached storage sheds serving some units, along with backyard or side-yard areas for most residences.

Six parking spaces support the property, which is located near Main Street in Battle Ground. All four units are currently rented to long-term tenants. The property is zoned R7, and offers are subject to interior inspection.

Key Highlights

  • Four‑unit configuration with two 2 bed/1 bath residences and two 1 bed/1 bath residences
  • 2,736 square feet on a 0.36‑acre lot
  • All units currently rented to long‑term tenants

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 (±1% cap)
NOI $35,646 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$475.4K
$416.0K – $554.7K (±1% cap)
NOI $33,280 @ 7.0% cap · market cap 4.75%
Theoretical Best
Specialty Retail
$666.6K
$583.2K – $777.7K (±1% cap)
NOI $46,659 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

663
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Fully occupied quadplex with varied unit layouts, individual laundry hookups, and outdoor areas for most residences.
Where is this quadplex 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: Four‑unit configuration with two 2 bed/1 bath residences and two 1 bed/1 bath residences; 2,736 square feet on a 0.36‑acre lot; All units currently rented to long‑term tenants
More about this property
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