1000 W 23rd St, Vancouver, WA 98660

Vancouver
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
1000 W 23rd St,Vancouver, WA 98660
$985,000
  • - Beds
  • - Baths
  • 5,025 sq. ft.
  • Multi-family
  • Active
Listed by: stacie whitfield
Office: list4flatfee.com, llc.425-344-6779
MLS#:784732521
Source:PORTLAND

Price summary

  • Price:$985,000
  • Price per sq. ft.:$196.02

About this home

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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Home facts

  • Year built:1964
  • Listing ID #:784732521
  • Added:1 day(s) ago
  • Updated:July 09, 2026 at 04:32 AM

Rooms and interior

  • Basement Description:Crawl Space
  • Living area:5,025 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1964
  • Building area:5,025 sq. ft.
  • Lot area:0.25 Acres
  • Levels:1 Story

Schools

  • High school:Hudsons Bay
  • Middle school:Discovery
  • Elementary school:Hough

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$985,000
  • Price per sq. ft.:$196.02
  • Tax amount:$7,603 (2025)

Parking

  • Total parking spaces:5
  • Parking description:Assigned
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate Equinox are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: July 9, 2026

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