Courtesy: Keller Williams Realty
360-693-3336
Located in the heart of downtown Vancouver, Washington, this property offers a rare combination of stable in-place income and significant redevelopment upside. Currently operating as a fully leased 3,514 SF office building, the site is already permitted (2023/2024) for a 9-unit apartment project with 3,548 SF of ground-floor commercial space. The heavy lifting of entitlement has been done. Recent building code updates have removed unit count limitations on the site, opening the door for a buyer to expand well beyond the original scope. Using the existing approved plans as a foundation, a new owner could feasibly add 13 or more units, dramatically increasing density and long-term value without starting the entitlement process from scratch.This is a unique window for developers and investors: acquire a cash-flowing asset in a walkable, high-demand downtown core, hold or lease through the interim period, and capitalize on a codified upside that didn't exist when the original plans were drawn. Few opportunities offer this level of built-in optionality — permitted, de-risked, and primed for a density play most sites can't touch. Whether you're looking to execute the current 9-unit + commercial plan or maximize returns with an expanded unit count, this downtown Vancouver property is ready for its next chapter.
Courtesy: Premiere Property Group, LLC
360-693-6139
Brand-new construction 4-plex offering an outstanding investment opportunity with strong projected rental income. Each of the four units features a thoughtfully designed two-story floor plan with a spacious main living area, convenient half bath on the main level, and two private bedroom suites upstairs, each with its own full bathroom—an ideal layout for tenants seeking comfort and privacy. Every unit includes central heating and air conditioning, plus a full suite of appliances, making these homes truly move-in ready for future tenants. Estimated market rents of approximately **$2,300 per unit** provide excellent income potential. With the benefits of new construction, including modern systems, quality finishes, and reduced maintenance costs, this is a rare opportunity to add a turnkey multifamily property to your portfolio. Whether you're a seasoned investor or looking to expand your holdings, this newly built 4-plex is positioned to deliver long-term value and strong rental demand.
Courtesy: Coldwell Banker United Brokers
360-687-3183
Matthew Bailey
Investment Opportunity!! Well cared for Duplex in Bagley Downs, near community swimming center and park. Both units have 2 bedrooms and 1 bath each with a private fenced yard. Newer flooring. Newer roof. All units are occupied with the same tenants for 3+ years. Positive cash flow investment opportunity.
Courtesy: Coldwell Banker United Brokers
360-687-3183
Matthew Bailey
Investment Opportunity!! Well cared for Triplex on dead end road with easy access to SR 500 All units have 2 bedrooms and 1 bath. All units are occupied with the same tenants for 4+ years. Positive cash flow investment opportunity.
Courtesy: Coldwell Banker United Brokers
360-687-3183
Matthew Bailey
Investment Opportunity!! Well cared for Duplex in Bagley Downs, near community swimming center and park. Both units have 2 bedrooms and 1 bath each with a private fenced yard. Newer flooring. Newer roof. All units are occupied with the same tenants for 3+ years. Positive cash flow investment opportunity.
Courtesy: Zenith Properties NW, LLC
360-696-3111
Cash-flow-ready duplex in the Forest Ridge neighborhood. Each unit has 2 bedrooms and 1 bathroom. Fully leased-out unit Feb 2027, with the option to renew. LARGE level lot (with 100+ ft road frontage), with each unit having a fenced-in backyard. Potential for development; buyer to verify. Newer windows & garage doors. No HOA, 9 minutes to PDX International Airport, and only 3 minutes to PeaceHealth! The property is located within a quarter-mile radius of a major bus line (the Vine). The duplex has a septic tank & is hooked up to city water (no sewer fee's).
Courtesy: Cano Real Estate LLC
360-823-3333
Location, lifestyle, and charm come together in this beautifully maintained Carter Park duplex. Each mirrored unit welcomes you with hardwood floors, graceful archways, built-ins, and classic French multi-pane windows that fill the home with natural light. Spacious living rooms feature charming picture railing and an inviting ambiance that feels instantly like home. The kitchens offer excellent functionality with new refrigerators, abundant storage, and generous counterspace. On the main level, each unit includes a comfortable primary bedroom, freshly remodeled bathrooms, and multiple closets for everyday convenience. The lower level is thoughtfully divided to provide private access for each unit. Both basements include a large bedroom (non-conforming) with walk-in closet, washer/dryer hookups, and additional storage. One side is plumbed for a sink and toilet, while the other side already offers a sink, ideal for future customization. Outside, each unit enjoys its own private backyard with patio space, room for garden beds or storage sheds, and alley access. Both units also include a single-car garage with electricity. Nestled in the highly desirable Carter Park neighborhood, this duplex sits on a quiet street near bus lines, schools, shopping, medical offices, restaurants, grocery stores, and the beloved Carter Park. Opportunities like this—location, versatility, and vintage character—are truly one-of-a-kind in the heart of Vancouver.
Courtesy: Better Homes & Gardens Realty
360-567-0475
3 separate duplexes, seller wants them sold as a bundle, which makes sense due to parking configuration. Addresses include:3812-3814, 3816-3818 and 3820-3822 E 14th St. All units are 2bds, 1 bth, 900sf (appx). Parking for at least 8 vehicles. Roofs were redone appx 2 years ago. Lower units each have small 'box' storage areas, but currently the OWNER uses those, not the tenants. Laundry room: attached to 3820-3822, all tenants have keys for access, 2 washers and 2 dryers are metered (coins). Tenants pay their own electricity. Owner pays water, garbage, electricity for laundry room. Taxes are appx $3079.49 per duplex. *** DND tenants, please do NOT access parking area or driveway.*** Possible financing options (including seller-carry) - call for more info!
Courtesy: Windermere Northwest Living
360-253-3600
Excellent investment opportunity in the desirable Cascade Park area! This well-maintained townhome-style duplex offers strong rental appeal with spacious floor plans, private backyards, and attached two-car garages for each unit. Unit 1 features approximately 1,536 square feet with 3 bedrooms and 2.5 bathrooms. The main level includes a comfortable living room, kitchen, dining area, and convenient half bath, while all three bedrooms and two full bathrooms are located upstairs. Unit 2 offers approximately 1,440 square feet with 2 bedrooms and 2.5 bathrooms. The main level features the living room, kitchen, dining area, and half bath, with both bedrooms and two full bathrooms upstairs. Both units include dedicated laundry spaces, forced-air heating, low-maintenance vinyl siding, attached two-car garages, and large, private fenced backyards with easy-care turf. Long-term tenants provide immediate income potential, making this an outstanding opportunity for investors or those looking to add a quality duplex in a highly desirable location. Conveniently located near shopping, restaurants, parks, schools, and easy freeway access.
Courtesy: List4FlatFee.com, LLC
425-344-6779
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
Courtesy: John L. Scott Real Estate
360-253-4100
Stunning updated Vancouver 4-plex investment opportunity! All four units are 2 bed/1 bath, approx. 825 SF each, and currently leased. Practical investor-friendly setup with individual single car garage/ample off-street parking, common coin-operated laundry, full kitchen in each unit, public water/sewer, and a level cul-de-sac lot convenient to transit. R-18 zoning and approx. 0.24-acre lot offer long-term flexibility. The common yard space is designed to inspire almost any gardener; curated by master gardener seller. Solar supplemental system in place, with plans showing a 35-module rooftop solar array; buyer to verify ownership, production, utility savings, and transferability. Actual gross income is $55,440 with $40440 net income per seller records. Assumable 2.25% VA financing available, subject to lender approval and buyer qualification. Please do not disturb tenants; shown by appointment only, physical walk-though on accepted offer.
Courtesy: eXp Realty LLC
888-317-5197
Stunningly remodeled & spacious duplex w/ territorial & river views! Fantastic investment opportunity conveniently located near Clark College & move in ready for owner occupied or tenants! Newer roof, int/ext paint, flooring, fixtures, cabinetry, SS appliances & more, all sitting on just under 1/2 acre lot! Enjoy territorial views from either unit, both with spacious finished basements offering extra living space & storage galore. A truly unique property you have to see in person!
Courtesy: Real Broker LLC
855-450-0442
Open House Saturday, July 18th 10:30AM - 12:30 PM. Great investment or owner-occupant opportunity near downtown Vancouver! This duplex is a perfect setup for a buyer to live in one side and rent the other, or rent both units for income potential. New exterior paint, interior updates and landscaping. Conveniently located near shopping, dining, parks, schools, and commuter routes. City road paving improvements are currently underway in the area. One tenant is currently month-to-month, adding flexibility for the new owner.
Courtesy: Redfin
360-558-3945
Frederick Sanchez
Well-maintained four-plex situated on a single tax lot at 3007 & 3009 E 33rd St and 3213 & 3215 Drummond Ave in Vancouver. Each of the four units offers approximately 780 square feet of living space and features a comfortable living room, two bedrooms, one full bathroom, and a kitchen with an eating area. Kitchens are equipped with an electric range, range hood, and refrigerator. Each unit also includes a dedicated laundry closet with washer and dryer hookups for added convenience. The property has benefited from updates throughout all units, including refreshed kitchens and updated flooring. Interior flooring materials include laminate hardwood, laminate, vinyl, and carpet, providing a combination of durability and comfort. Utilities are powered by electricity, including the hot water heaters, and baseboard heating serves each unit. Positioned on a corner lot, this income-producing property offers the advantages of a single tax lot while providing four separate residential units. Exterior improvements include a roof with 30-year composition shingles and gutters installed around 2017. The property is connected to public water and sewer services. This versatile multi-family investment presents an opportunity for stable rental income with functional floor plans, desirable two-bedroom layouts, and convenient access to local amenities, schools, shopping, and transportation throughout central Vancouver. Mortgage savings may be available for buyers of this listing.
Courtesy: Realty Pro, Inc.
360-882-7000
Excellent investment opportunity! This well-maintained 8-plex offers a turnkey addition to any portfolio, blending strong rental demand with immediate cash flow. Ideally situated for high tenant retention, the property is conveniently located directly on a major bus line, just minutes from shopping centers, dining, and easy freeway access. The property features plenty of parking for each unit, ensuring hassle-free parking for all residents. Tenants will enjoy the outdoor common space perfect for gatherings, while the owner will appreciate the attached coin-operated laundry room that provides a steady stream of increased ancillary revenue. Inside, pride of ownership shines with most units boasting newer laminate flooring, updated kitchens, and modernized bathrooms. With major capital expenditures already addressed and a location that practically rents itself, this asset is primed for long-term appreciation and consistent returns.
Courtesy: MORE Realty, Inc
360-727-1077
Brand-New Triplex Investment Opportunity in Vancouver, WA. Exceptional opportunity to own a newly constructed triplex featuring three spacious townhome-style units in a convenient Vancouver location. Each unit offers 2 bedrooms, 2 bathrooms, an attached single-car garage with storage space, private fenced backyard, and in-unit washer and dryer. This property offers strong income potential and the benefits of new construction, including lower maintenance costs and builder warranty coverage. Designed for modern living, each residence features an open-concept floor plan with quartz countertops, laminate flooring in the main living areas, luxury vinyl plank flooring in the bathrooms, and stainless-steel appliances including a refrigerator. The thoughtful layout provides privacy and functionality, making these units highly attractive to both long-term tenants and owner-occupants seeking supplemental rental income. Conveniently located near shopping, dining, schools, major employers, and easy access to I-205 and SR-500.Whether you're an investor seeking a turnkey multifamily asset or a buyer looking to live in one unit while generating income from the others, this property presents a rare opportunity to own a high-quality, income-producing property in one of Southwest Washington's most desirable rental markets.
Courtesy: Realty One Group Prestige
503-205-0614
Fantastic investment opportunity in the McGillivray Highlands neighborhood. This single-level duplex, in a private cul-de-sac, offers two units with rear-load two-car garages. In 2021, the exterior was fully repainted. Within the last five years, a new washer was installed in one unit, and the other unit received a new water heater and bathroom sink replacement. Updates in 2017 included a new roof, fresh flooring, garage doors, and most appliances and plumbing fixtures. Positioned near amenities and commuter routes, this duplex has produced strong income and a low tenant turnover.
Courtesy: Vigilant Property Management
971-303-9171
Turnkey investment opportunity in a quiet Vancouver cul-de-sac! This well-maintained duplex is the perfect addition to any portfolio, currently fully occupied and generating $3,595 in total monthly income with tenants on leases through next year. Each unit offers a comfortable 2-bedroom, 1-bathroom layout featuring private patios and the added convenience of a detached garage. each unit boasts a cozy wood burning fireplace, supplemented by wall heaters. Residents enjoy a peaceful setting while being minutes away from local shopping, dining, and easy transportation access. With market-rate rents and a track record of stability, this property offers immediate cash flow and long-term predictability for the savvy investor.
Courtesy: Keller Williams Realty Portland Premiere
503-597-2444
A rare opportunity in Hazel Dell — this stunning, newly constructed contemporary three-plex is one of Vancouver's most versatile and thoughtfully designed income properties, offering nearly 3,000 square feet of sophisticated living across three distinct and beautifully appointed spaces. The main residence spans 1,657 square feet where large picture windows flood the open-concept great room with natural light beneath soaring ceilings, anchored by a gourmet kitchen featuring designer cabinetry, solid surface countertops, a generous center island, a walk-in pantry, and a full suite of stainless steel appliances, with a spacious dining room flowing seamlessly from it — making entertaining effortless and everyday living equally enjoyable. The primary suite serves as a true retreat, complete with a walk-in closet, dual vanities, a walk-in shower, and a secluded water closet, while two additional bedrooms, a full bath, a flexible loft perfect for a home office or creative space, and a dedicated laundry room round out the main residence. Two attached one-bedroom, one-bathroom accessory dwelling units — each with their own great room, gourmet kitchen, stainless steel appliances, and in-unit laundry — provide exceptional flexibility for multi-generational living, long-term tenants, or short-term rental income. As a brand-new construction, this property offers investors the added advantage of minimal near-term maintenance overhead and strong cost segregation potential, enabling accelerated depreciation on shorter-lived components that can translate into meaningful first-year tax savings and a materially stronger after-tax return. Nestled in Hazel Dell — celebrated for its community spirit, outstanding dining, and easy freeway access — this property represents one of the most compelling new construction values in the Vancouver-Portland metro area.
Courtesy: Keller Williams Realty Portland Premiere
503-597-2444
Obsidian presents a unique opportunity to acquire a newly constructed 40-unit residential community thoughtfully designed to provide a diverse mix of housing options within a cohesive neighborhood setting. Comprised of 12 triplex buildings and one fourplex, the community includes 16 three-bedroom residences with attached garages and 24 one-bedroom homes. Each triplex is configured with a spacious primary residence complemented by two attached 1-bedroom, 1-bath ADUs, creating a highly efficient housing product that appeals to a broad range of residents while diversifying income streams across the asset.Constructed by a respected local builder, Obsidian showcases quality craftsmanship, thoughtfully designed floor plans, and modern finishes throughout. The three-bedroom residences offer attached garages and larger living spaces that appeal to long-term residents and family-oriented households, while the spacious, one-bedroom homes (with an average of 521 SF) provide efficient, attainable housing options that support strong leasing demand. Together, the diverse unit mix creates multiple demand drivers and contributes to occupancy stability.As a recently completed asset, Obsidian benefits from modern construction, durable building materials, and thoughtfully selected finishes designed to support long-term ownership. The property's quality construction helps reduce maintenance demands, limit future capital expenditure requirements, and promote operational efficiency. Combined with a projected NOI of approximately $737,645 and a projected cap rate of 5.35%, Obsidian represents a compelling opportunity to acquire a modern, low-maintenance residential investment positioned for stable cash flow and long-term ownership performance.
Courtesy: Keller Williams Realty Portland Premiere
503-597-2444
An exceptional investment opportunity in the established and consistently sought-after Hazel Dell neighborhood of Vancouver, Washington, this newly constructed four-plex delivers strong projected returns at a strong cap rate — and as a brand-new build, minimal near-term maintenance overhead keeps cash flow predictable and capital expenditure risk reassuringly low, a stark contrast to the unexpected repair bills and aging infrastructure that so often quietly erode returns on older rental stock. New construction also positions this property favorably for cost segregation strategies, and potentially generate significant tax savings that further enhance overall returns. Each of the four generously proportioned units features a three-bedroom and two and one-half baths with desirable garages,, open Great Room floor plan bathed in abundant natural light from large picture windows, complemented by soaring high ceilings that lend an airy, expansive feel far beyond what tenants typically find at this price point. The gourmet kitchen is appointed with designer cabinetry, solid surface countertops, a spacious walk-in pantry, and a full suite of stainless steel appliances including a built-in microwave, dishwasher, freestanding range, and refrigerator, all anchored by a generous island perfect for meal prep and casual everyday seating. A spacious and inviting living and dining area flows naturally from the kitchen, creating a connected, comfortable space tenants are proud to call home. The primary bedroom retreat offers a walk-in closet and a private en suite bath featuring dual vanities, a walk-in shower, and a secluded water closet for added privacy. Two additional well-sized bedrooms, a full bath, a versatile loft space equally suited as a home office, sitting area, or play room, and a convenient in-unit laundry closet round out each unit — delivering the upscale finishes and highly functional layout that command premium rents in today's competitive Vancouver rental market.
Courtesy: Keller Williams Realty Portland Premiere
503-597-2444
Constructed in 2025 by a respected local builder, Sparrow Landing presents a rare opportunity to acquire a recently completed 17-unit multifamily asset comprised of a diverse mix of 1, 2, and 3 bedroom residences. The property was thoughtfully designed to maximize resident appeal, featuring spacious floor plans, lofty ceilings, abundant natural light, quality finishes, full appliance packages, window coverings, dedicated off-street parking, and privately fenced patio areas. Newly constructed, Sparrow Landing benefits from modern construction, durable building materials, and thoughtfully selected finishes designed to support long-term ownership. The property's quality construction helps reduce maintenance demands, limit future capital expenditure requirements, and promote operational efficiency, while its desirable unit mix and resident-focused amenities position it well for long-term occupancy and tenant retention. Additional community amenities include expansive shared greenspace and a highly accessible location near Vancouver Mall, major retailers, dining, recreation, and key commuter corridors. Combining quality construction, strong resident appeal, and the advantages of modern vintage, Sparrow Landing represents a compelling opportunity to acquire a low-maintenance asset with long-term ownership appeal in the growing Vancouver market.
Courtesy: Skyline Real Estate
503-701-8732
Rare opportunity to own a spacious duplex in the desirable Parkside/Evergreen area! Each townhouse-style unit offers 3 bedrooms, 1.5 bathrooms, and approximately 1,140 square feet of functional living space across two stories. Designed for comfort and convenience, both units feature fully fenced backyards, covered decks perfect for year-round outdoor enjoyment, and an attached 1-car garage.With strong income potential and one vacant unit, this property is ideal for investors looking to maximize cash flow or buyers seeking an owner-occupancy opportunity while generating rental income from the other side. Conveniently located near Mill Plain, 164th, and I-205 with easy access to grocery stores, shopping, dining, and entertainment.A versatile investment with long-term upside in a prime location. Sold AS-IS. Listing agent is property manager. Photos of unit B are from previous listing in 2022.
Courtesy: MAJ Commercial Real Estate
360-699-4494
New Construction Multi-Family Investment Opportunity. Completed in May 2026, this newly developed community features 136 thoughtfully designed residential units with a diverse mix of one-, two-, and three-bedroom floor plans. Each unit offers modern finishes and high-quality amenities, including open-concept layouts, high ceilings, stainless steel appliances, in-unit washers and dryers, private patios or balconies, carports, garages, and additional storage options. Community features pool, sundeck, gym, dog par & play area.The property is ideally situated directly across from the newly opened Curtain Creek Park, providing residents with immediate access to outdoor recreation and area amenities.
Courtesy: Keller Williams Realty Professionals
503-546-9955
Spacious daylight ranch nestled in a quiet neighborhood with convenient freeway access, offering the perfect blend of comfort, flexibility, and functionality. Filled with natural light, this well-maintained home provides generous living space for a variety of lifestyles. Enjoy an updated kitchen on the main, designed for entertaining with abundant counter space, a casual eating bar, and a bright dining area that flows seamlessly into the main living spaces. The main level features three comfortable bedrooms, fresh interior paint, and two full bathrooms.The fully finished daylight lower level expands the possibilities with two additional bedrooms, a full bathroom, a large family room, laundry area, and flexible kitchen space with direct access to the patio and backyard. With its separate entrance and versatile layout, the lower level offers excellent potential for multi-generational living, guest accommodations, a home business, or possible separate living quarters.Step outside to enjoy the beautifully landscaped backyard, ideal for relaxing, gardening, entertaining, or play. A 12' x 16' shed provides exceptional storage and could serve as a workshop, studio, hobby space, or future creative retreat. As an added bonus, all appliances are included. This rare property combines generous square footage, flexible living options, and a peaceful setting—making it an outstanding place to call home. MAKE SURE TO ASK ABOUT NO DOWN PYMT LOAN, LENDER CREDITS & NO FEE PROGRAMS.
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Vancouver is located in Washington. Vancouver, Washington has a population of 188,331. Vancouver is less family-centric than the surrounding county with 30.17% of the households containing married families with children. The county average for households married with children is 34.07%.
The median household income in Vancouver, Washington is $67,462. The median household income for the surrounding county is $82,719 compared to the national median of $69,021. The median age of people living in Vancouver is 37.3 years.
The average high temperature in July is 79.4 degrees, with an average low temperature in January of 34.4 degrees. The average rainfall is approximately 42.1 inches per year, with 2.7 inches of snow per year.
