1903 W 31st Street, Vancouver, WA 98660
- $510,000
- 2,200
- SqFt
Listing courtesy of Worth Clark Realty.
- List Price
- $510,000
- Status
- ACTIVE
- MLS#
- 2510719
- Price Change
- ▼ $20,000 1779163940
- Days on Market
- 100
- Style
- 52 - Duplex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 2,200
- Area Total SqFt
- 2200
- Annual Tax Ammount
- 4958.81
- Lot Size (sq ft)
- 5,227
- Sewer
- Sewer Connected
Property Description
Investor Alert! Fully Rented Duplex | 3 Bed Units | Tenants Pay All Utilities | Strong Cash Flow | Updated | Prime Vancouver Location Turnkey duplex offering two spacious units, K and L, each with 3 bedrooms, 1.1 baths, and ~1,100 sq ft—an ideal layout for long-term tenant retention or owner-occupant flexibility. Rents total $3,403/month with a normalized NOI of ~$2,849/month, delivering strong, low-maintenance cash flow. Major updates are already complete, including new roof (2018), updated paint, flooring, and water heaters (2017), plus brand new windows and sliding doors (April 2025)—minimizing near-term capital expenses and enhancing tenant appeal. Built-in upside with rent growth already in motion: Unit L increased May 2026, while Unit K lease expires 6/30/26 and rolls month-to-month, giving flexibility to adjust rents or owner-occupy. Located minutes from downtown, shopping, dining, and major commuter routes, this property sits in a high-demand rental area supporting strong occupancy and long-term appreciation. Live in one side and offset your mortgage, hold as a cash-flowing asset, or reposition for increased returns—multiple paths to win with this investment. *ASK ABOUT OUR PREFERRED LENDER INCENTIVES
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Additional Information
- List Date
- 2026-04-21 23:15:34
- Community
- Fruit Valley
- Net Operating Income
- $35,073
- Gross Adjusted Income
- $40,836
- Gross Scheduled Income
- $40,836
- Total Monthly Income
- $3,403
- Insurance Expenses
- $804
- Gross Rent Multiplier
- 13.34
- Total Expenses
- $5,762
- Cap Rate
- 6.4
- Total Number of Units
- 2
- Unit Name
- 1903
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1971
- Roof
- Shake
- Energy Source
- Electric
- School District
- Vancouver
- Elementary School
- Fruit Valley Community Learning Center
- Middle School
- Discovery Middle
- High School
- Hudson's Bay High
- Total Monthly Income
- $3,403
- Gross Scheduled Income
- $40,836
- Gross Adjusted Income
- $40,836
- Tax Year
- 2025
- Insurance Expense
- $804
- Total Expenses
- $5,762
- Net Operating Income
- $35,073
- Gross Rent Multiplier
- 13.34
- Cap Rate
- 6.4
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.