Income-Producing Duplex with
908 West 39th Street Vancouver, WA 98660
For Sale
$450,000
Well-kept duplex offers two 1-bedroom, 1-bath units with separate utilities and an unfinished basement with storage and hookups.
Property Size1,790 SF
Price / SF$251.40
Days on Market187
Property Features for 908 West 39th Street
General Information
Standard status
Active
Size
1,790 SF
Property subtype
Multi Family
Building Details
Year Built
1944
Listing Agency:
Keller Williams Realty Professionals
(503) 828-9551
Listed By:
Rick Sadle · License #88904
(503) 828-9551
Source:
Compass
Added: Jan 21
Changed: Jul 22
Last Checked: Jul 23 at 10:44AM
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 Professionals
Investment Insights
Based on property information with market context.
This income-producing duplex features two matching 1-bedroom, 1-bath units with efficient, well-designed layouts. Both units include oak hardwood floors, built-ins, and spacious living areas. Each unit has its own electric water heater, forced-air electric furnace, and separate power for independent utility management.
An unfinished basement adds additional utility, providing washer/dryer hookups for each unit, ample storage space, and an additional refrigerator. The property has been well maintained and is in good condition, with potential for cosmetic updates.
The asset is located in a walkable, bikeable neighborhood with convenient access to amenities and transit, supporting both tenant occupancy and owner-occupant use.
An unfinished basement adds additional utility, providing washer/dryer hookups for each unit, ample storage space, and an additional refrigerator. The property has been well maintained and is in good condition, with potential for cosmetic updates.
The asset is located in a walkable, bikeable neighborhood with convenient access to amenities and transit, supporting both tenant occupancy and owner-occupant use.
Key Highlights
- Income‑producing duplex with 2 matching units, each offering 1 bedroom and 1 bathroom
- Each unit has its own electric water heater, forced‑air electric furnace, and separate power for independent utilities
- Unfinished basement with exterior entry, storage space, and washer/dryer hookups for each unit
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 | $35.9k | $20.04 |
| − Vacancy | −$1.7k | −$0.95 |
| EGI | $34.2k | $19.09 |
| − OpEx | −$10.3k | −$5.73 |
| NOI | $23.9k | $13.36 |
1,790 SF · lease $20.04/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$341.7K
$299.0K – $398.6K
NOI $23,917 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$296.6K
$259.5K – $346.1K
NOI $20,763 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$438.0K
$383.2K – $511.0K
NOI $30,657 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-kept duplex offers two 1-bedroom, 1-bath units with separate utilities and an unfinished basement with storage and hookups.
Where is this duplex located?
The property is located at 908 West 39th Street Vancouver, WA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Income‑producing duplex with 2 matching units, each offering 1 bedroom and 1 bathroom; Each unit has its own electric water heater, forced‑air electric furnace, and separate power for independent utilities; Unfinished basement with exterior entry, storage space, and washer/dryer hookups for each unit
