Property Details

1511 NE 141st Avenue
Vancouver, WA 98684
$600,000
MLS# 2496510 courtesy of NWMLS Listing firm: Windermere Northwest Living

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1511 NE 141st Avenue , Vancouver, WA 98684, Vancouver

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1511 NE 141st Avenue , Vancouver, WA 98684, Vancouver

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Multi-Family
Property Type
1,808
Bldg Sq Ft
2
Units
4.47%
Cap Rate
1976
Year Built

Property Overview

Well-cared-for duplex in the Hearthwood neighborhood with a comfortable, established feel. Each unit offers 2 bedrooms, 1.75 bathrooms, single-level living, and an attached one-car garage. Both sides feature fireplaces and exceptionally large private backyards with plenty of space to enjoy. Brick accents and mature trees throughout the area add to the classic Hearthwood character. One unit will be vacant in early May, creating an opportunity for owner occupancy. The other unit is occupied by a long-term tenant, providing consistent rental income from day one. You also have the option to lease the vacant side and operate the property as a full investment. Convenient location close to shopping, restaurants, and everyday services. Listing agent related to sellers.

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Active
County Clark
Neighborhood Hearthwood
Listed Mar 27, 2026

Financial Summary

Cap Rate 4.47%
Net Operating Income $26,799
Gross Scheduled Income $42,305
Gross Rent Multiplier 14.18
Total Expenses $15,506

Building & Use

Building Sq Ft 1,808
Leasable Area 2,384 sqft
Total Units 2
Lot Size 11,299 sqft
Year Built 1976

Exterior & Lot

Lot Size 0.26 sqft
Year Built 1976
Garage 2 spaces
Exterior Materials Brick, Wood
Sewer Sewer Connected
Water Source Public
Lot Features Curbs, Paved
Exterior Features Brick, Wood Products

Location

City Vancouver
County Clark
Coordinates 45.63357, -122.52749

Additional Information

Tax Year 2025
Annual Taxes $4,696
Possession Array
Listed By
Maria Andrews
Windermere Northwest Living

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