1000 W 23RD ST, Vancouver, WA 98660
1000 W 23RD ST, Vancouver, WA 98660
1000 W 23RD ST, Vancouver, WA 98660
1000 W 23RD ST, Vancouver, WA 98660
1000 W 23RD ST, Vancouver, WA 98660
1000 W 23RD ST, Vancouver, WA 98660
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Listed by List4FlatFee.com, LLC
$ 985,000
Est. payment | /mo

5,025 SqFt


Save
$ 985,000
Est. payment | /mo
Save

5,025 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,025 sqft

Price per Sqft $196

MLS Listing ID 784732521

HOA Y/N No

Year Built 1964

Annual Tax Amount $7,602

Tax Year 2025

Lot Size 10,890 Sqft

Property Description

Acquire a rare opportunity to purchase a fully stabilized, low-maintenance 5-unit multifamily asset in a high-demand Vancouver, Washington submarket, located within one of the city's most supply-constrained infill corridors and supported by consistent in-place income and demonstrated long-term NOI performance. Investment Highlights: $54,775 NOI (2025) with strong historical performance; Gross rental income of $78,642 (2025); Fully occupied, 12-month agreements. Five, 1-bedroom units with consistent demand profile. Individual yard space for select units (rare for this asset class); Located near Downtown Vancouver, major freeways, and retail amenities; Attractive to both first-time investors and 1031 exchange buyers. Offering Price: $985,000Cap Rate: 5.56%; Number of Units: 5

Location

State WA

County Clark

Community Alllandscaping

Area _11

Zoning R-9

Rooms

Basement Crawl Space

Interior

Heating Wall Furnace

Cooling None

Exterior

Community Features AllLandscaping

View Park Greenbelt

Garage No

Building

Story 1

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Hough

Middle Schools Discovery

High Schools Hudsons Bay

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

Nearby Locations

Carrie Warlaumont

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 803-3812

carriewarlaumont@epique.me

1026 SW Greenburg Rd Fl 4, Portland, OR, 97223

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1000 W 23RD ST