1000 W 23RD ST, Vancouver, WA 98660
- $985,000
- 5,025
- SqFt
Listing courtesy of List4FlatFee.com, LLC.
- List Price
- $985,000
- Status
- ACTIVE
- MLS#
- 784732521
- Days on Market
- 24
- Finished SqFt
- 5,025
- Lot Size (sq ft)
- 10,890
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
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Additional Information
- List Date
- 2026-07-08 00:00:00
- Stories
- 1
- Potential Terms
- Cash, Conventional
- Year Built
- 1964
- View
- Park/Greenbelt
- Elementary School
- Hough
- Middle School
- Discovery
- High School
- Hudsons Bay
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