3922 I St Vancouver, WA 98663

This exceptional three-story multifamily property in Vancouver, WA, presents a lucrative investment opportunity. Boasting 2,433 square feet on a 0.11-acre lot, the property features two meticulously renovated units (completed in 2023) with high-end finishes. The lower level unit comprises 2 bedrooms and 1 bathroom, totaling 919 square feet, while the main and upper levels offer 3 bedrooms, 2.5 bathrooms, and 1,524 square feet, including a spacious covered balcony. Both units feature open-concept layouts with custom kitchens, upgraded stainless steel appliances, and elegant lighting. The property is zoned R-22 and offers potential for a third Accessory Dwelling Unit (ADU). The asking price is $849,900, representing a price per unit of $424,950 and a compelling 10.76% cap rate with a Net Operating Income (NOI) of $91,420. The property can be sold fully furnished and is ideally suited for both owner-occupancy and short-term rentals, making it an attractive addition to any investment portfolio. Built in 1940, this property combines classic charm with modern luxury, offering a unique blend of comfort and investment potential in a desirable Vancouver location at 3922 I St, Vancouver, WA 98663.