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Listed by Worth Clark Realty • 503-707-7011
$545,000
Est. payment /mo
2,200 SqFt
New
1903 W 31ST ST Vancouver, WA 98660
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $247
Subdivision Fruit Valley
MLS Listing ID 450016576
HOA Y/N No
Year Built 1971
Annual Tax Amount $4,958
Tax Year 2025
Lot Size 5,227 Sqft
Property Description
Investor Alert! Fully Rented Duplex | 3 Bed Units | Tenants Pay All Utilities | Strong Cash Flow | Updated | Prime Vancouver LocationTurnkey 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. Starting May 1, 2026, 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 increase takes effect 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
Location
State WA
County Clark
Area _11
Zoning R30
Rooms
Basement Crawl Space
Interior
Heating Wall Furnace
Cooling None
Exterior
Roof Type Shake
Garage No
Building
Lot Description Cul_de_sac, Level
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Fruit Valley
Middle Schools Discovery
High Schools Hudsons Bay
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
NEARBY SCHOOL & BUSINESS