Active

$985,000

1000 W 23rd St, Vancouver, WA 98660

5beds

5,025sqft

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Multi Family

Built in 1964

-- sqft lot

$-- Zestimate^®

$196/sqft

$-- HOA

What's special

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

8 days

285

6

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 5
Full bathrooms: 5

Heating

Wall Furnace

Cooling

None

Appliances

Included: Range, Refrigerator, Washer/Dryer, Electric Water Heater

Features

Flooring: Hardwood
Basement: Crawl Space

Interior area

Total structure area: 5,025
Total interior livable area: 5,025 sqft

Property

Parking

Total spaces: 5
Parking features: Assigned

Features

Stories: 1
Has view: Yes
View description: Park/Greenbelt

Lot

Size: 0.25 Acres
Features: SqFt 10000 to 14999

Details

Parcel number: 061880000
Zoning: R-9

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

T111 Siding

Condition

Year built: 1964

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Connected

Community & HOA

Community

Features: All Landscaping

HOA

Has HOA: No

Location

Region: Vancouver

Financial & listing details

Price per square foot: $196/sqft
Tax assessed value: $783,800
Annual tax amount: $7,602
Date on market: 7/8/2026
Listing terms: Cash,Conventional
Total actual rent: 6613
Road surface type: Concrete

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/8/2026	Listed for sale	$985,000+23.1%$196/sqft
Source: RMLS (OR) #784732521 Report a problem
9/18/2019	Sold	$800,000+173%$159/sqft
Source: RMLS (OR) #19267684 Report a problem
10/31/2005	Sold	$293,000$58/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$7,649 +4.4%	$783,800
2023	$7,324 +34.8%	$783,800 +10%
2022	$5,432 -1%	$712,500 +31.1%
2021	$5,489 +3.6%	$543,400 +5%
2020	$5,298	$517,500
2019	$5,298 +26.6%	$517,500 +22.3%
2018	$4,184 -10.3%	$423,300 +8%
2017	$4,666 +16.9%	$391,900 +12%
2016	$3,992 +3.2%	$349,900 +8%
2015	$3,868 +13.4%	$324,000 +20%
2014	$3,409	$270,000
2013	$3,409 -4.8%	$270,000
2012	$3,580 +12.6%	$270,000 +21.4%
2010	$3,179	$222,425 -21.5%
2008	--	$283,500 +48.2%
2004	--	$191,300
2000	$2,683	$191,300

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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