Battle Ground Multifamily Investment
908 NE 1ST Ave Battle Ground, WA 98604
For Sale
$1,299,999
MULTI_FAMILY - BattleGround, WA
Property Size4,372 SF
Lot Size0.54 Acres
Price / SF$297.35
Days on Market179
Property Features for 908 NE 1ST Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R7
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bedroom 5, Bathroom 5, Bedroom 8, Bedroom 6, Bedroom 1, Bedroom 7, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 4
- Standard status
- Active
- APN
- 091052030
- Size
- 4,372 SF
- Lot size
- 0.54 Acres
Taxes and HOA fees
- Tax Description
- ERICKSONS SUB-DIV LOT 15 FOR ASSESSOR USE ONLY ERICKSONS SUB-DIV
- Tax Annual Amount
- 3600
Building Details
- Year built
- 1996
- Floors in Building
- 1
- Number of units
- 6
- Roof type
- Composition
Listing Agency:
Windermere Northwest Living
(360) 993-2222
Listed By:
Stefanie Foster
(360) 903-7200
Added: Jan 28
Changed: Jul 26
Last Checked: Jul 26 at 1:06PM
MLS# 423211847
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.
This property features three duplexes situated on two separate tax lots, presenting a unique investment opportunity. The property includes a total of six units, comprising four 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. Each unit is designed for tenant comfort and convenience and includes laundry hookups, mini-split or wall heat, carpeted bedrooms and living areas, and linoleum flooring in the kitchens and bathrooms. The property provides 10 parking spots, backyards or side yards for most units, and detached storage sheds for some units. Located within a short walk to Main Street in Battle Ground, the property is ideally situated. All units are currently rented with long-term tenants. The buyer may be able to obtain two loans to avoid a commercial loan. This duplex is located in a great location.
Key Highlights
- 1996‑built property with 3 duplexes on two separate tax lots
- Total of 6 units: four 2 bed/1 bath and two 1 bed/1 bath
- All units are currently rented with long‑time tenants; buyers subject to interior inspection
Financial Insights For Apartment 5plus
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 | $101.8k | $23.28 |
| − Vacancy | −$5.1k | −$1.16 |
| EGI | $96.7k | $22.12 |
| − OpEx | −$43.5k | −$9.95 |
| NOI | $53.2k | $12.16 |
4,372 SF · lease $23.28/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$759.7K
$664.8K – $886.3K
NOI $53,180 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.07M
$932.0K – $1.24M
NOI $74,559 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six well-maintained units on two tax lots in Battle Ground.
Where is this apartment building 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 $1,299,999.
What are key features of this property?
This property features: 1996‑built property with 3 duplexes on two separate tax lots; Total of 6 units: four 2 bed/1 bath and two 1 bed/1 bath; All units are currently rented with long‑time tenants; buyers subject to interior inspection
