3922 I StVancouver, WA 98663

Property Details for 3922 I St

Year built

1940

Lot size

0.11 AC

Property size (Sq ft)

2,433 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional three-story multifamily property in Vancouver, WA, presents a lucrative investment opportunity. Boasting 2,433 square feet on a 0.11-acre lot, the property features two meticulously renovated units (completed in 2023) with high-end finishes. The lower level unit comprises 2 bedrooms and 1 bathroom, totaling 919 square feet, while the main and upper levels offer 3 bedrooms, 2.5 bathrooms, and 1,524 square feet, including a spacious covered balcony. Both units feature open-concept layouts with custom kitchens, upgraded stainless steel appliances, and elegant lighting. The property is zoned R-22 and offers potential for a third Accessory Dwelling Unit (ADU). The asking price is $849,900, representing a price per unit of $424,950 and a compelling 10.76% cap rate with a Net Operating Income (NOI) of $91,420. The property can be sold fully furnished and is ideally suited for both owner-occupancy and short-term rentals, making it an attractive addition to any investment portfolio. Built in 1940, this property combines classic charm with modern luxury, offering a unique blend of comfort and investment potential in a desirable Vancouver location at 3922 I St, Vancouver, WA 98663.

Location Insight

City

Vancouver

County

Clark

State

Washington

Latitude

45.6509

Longitude

-122.663

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].