Remodeled Duplex with Covered
For Sale
$625,000
Pending
908 Pioneer, Ridgefield, WA 98642
Two single-story units feature updated interiors, fenced yards, and additional off-street parking.
Property Size2,816 SF
Days on Market88
Property Features for 908 Pioneer
General Information
Standard status
Pending
Size
2,816 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1991
Buildings
1
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 753-3151
Listed By:
Realty Portland Team
(503) 966-4371
Source:
Realtyportland
Added: Jul 24
Changed: Oct 16
Last Checked: Oct 16 at 8:12AM
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 Keller Williams Realty Portland Premiere
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two single-story residences, each with 3 bedrooms. Both units have been remodeled with luxury vinyl plank flooring, refreshed baseboards and countertops, and newer appliances. The property also includes fenced yards, covered parking, and additional off-street spaces. Built in 1991, the building measures 2,816 SF.
Located at 908 Pioneer in Ridgefield, the property is minutes from downtown, Costco, Rosauers, local boutiques, restaurants, and everyday amenities. The site is also near the future Ridgefield waterfront development. Cash or non-QM financing only; tenants are not to be disturbed.
Located at 908 Pioneer in Ridgefield, the property is minutes from downtown, Costco, Rosauers, local boutiques, restaurants, and everyday amenities. The site is also near the future Ridgefield waterfront development. Cash or non-QM financing only; tenants are not to be disturbed.
Key Highlights
- Two remodeled single‑story units, each with 3 bedrooms
- 2,816 SF duplex built in 1991
- Updated flooring, baseboards, countertops, and newer appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,688
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,760
$733.8K
Cap Rate 7%
$524,114
$524.1K
Cap Rate 9%
$407,644
$407.6K
Market Conditions
NOI Build-Up for 2,816 SF
Gross rent
$55.8K $19.80/SF
− Vacancy
−$3.3K −$1.19/SF
EGI
$52.4K $18.61/SF
− OpEx
−$15.7K −$5.58/SF
NOI
$36.7K $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%
$733,760
Cap Rate 7%
$524,114
Cap Rate 9%
$407,644
Alternative Uses
Best Use
Multifamily LT 5
$524.1K
$458.6K – $611.5K
NOI $36,688 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$489.3K
$428.2K – $570.9K
NOI $34,253 @ 7.0% cap · market cap 5.48%
Theoretical Best
Specialty Retail
$686.0K
$600.3K – $800.4K
NOI $48,023 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
Business Placement
Demographics for 98642, WA
23,685
Population
9,736
Households
2.4
Avg Household Size
41
Median Age
41%
College-Educated
96%
High-School Grad
56.8 sq mi
ZIP Area
417
Density / Sq Mi
$119,316
Median Household Income
$62,710
Median Earnings
$1,938
Median Rent
$622,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Two single-story units feature updated interiors, fenced yards, and additional off-street parking.
Where is this duplex located?
The property is located at 908 Pioneer Ridgefield, WA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two remodeled single‑story units, each with 3 bedrooms; 2,816 SF duplex built in 1991; Updated flooring, baseboards, countertops, and newer appliances
