10
See all 10 photos
Listed by List4FlatFee.com, LLC
$985,000
Est. payment /mo
5,025 SqFt
New
1000 W 23RD ST Vancouver, WA 98660
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
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
GET IN TOUCH
Follow Us