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Listed by Real Broker LLC • sbusick76@gmail.com
$590,000
Est. payment /mo
3 Beds
2 Baths
2,165 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,165 sqft
Price per Sqft $272
Subdivision Hudson'S Bay
MLS Listing ID 737064487
Bedrooms 3
HOA Y/N No
Year Built 1958
Annual Tax Amount $5,877
Lot Size 5,227 Sqft
Property Description
A rare opportunity to own a classic 1958 duplex offering approximately 2,165 square feet of finished living space across two residences—1,317 and 848 square feet—with three bedrooms and two full bathrooms overall. With separate living areas, mid-century character, and proximity to Clark College and Vancouver employment, shopping, education, and transportation, the property offers flexibility for investors, owner-occupants, or multigenerational living. Estimated combined market rents of $3,150–$3,400 per month could generate approximately $37,800–$40,800 in annual gross scheduled rental income, representing an estimated GRM of 14.9–15.6. Assuming operating expenses of 30%–35% for taxes, insurance, vacancy, maintenance, reserves, utilities, and other expenses, projected NOI is approximately $24,600–$27,700 annually. The two-residence configuration provides multiple possibilities, including renting both units or occupying one while generating income from the other, with separate living spaces providing additional privacy and independence. Rental amounts, GRM, NOI, and capitalization-rate figures are estimates and projections only and are not representations of actual or guaranteed performance. Buyer should independently verify permitted use, unit configuration, square footage, rents, expenses, and all investment calculations.
Location
State WA
County Clark
Area _13
Zoning R-30
Rooms
Basement Daylight
Interior
Heating Heat Pump
Cooling Heat Pump
Exterior
Garage Spaces 1.0
Roof Type Composition
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Edgewood
Middle Schools Discovery
High Schools Hudsons Bay
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
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