1903 W 31ST ST, Vancouver, WA 98660
- $510,000
- 2,200
- SqFt
- List Price
- $510,000
- Price Change
- ▼ $20,000 1778804283
- Days on Market
- 97
- MLS#
- 450016576
- Property Type
- Multifamily
- Sqft. of Residence
- 2,200
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Vancouver: Downtown
- Status
- ACTIVE
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
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Additional Information
- Tax Amount
- $4,958
- Year Built
- 1971
- High School
- Hudsons Bay
- Elementary School
- Fruit Valley
- Middle School
- Discovery
- Acres
- 0.12
- Living Area
- 2,200
- Stories
- 2
- Subdivision
- Fruit Valley
- Terms
- Cash, Conventional, FHA, VA Loan
- Cooling Description
- None
- Fuel Description
- Electricity
- Heating Description
- Wall Furnace
- Hoa Rent Includes
- None
- Hot Water Description
- Electricity
- Exterior Description
- Wood Composite
- Roof Type
- Shake
- Sewer Description
- Public Sewer
- Parking
- Driveway, Paved
- Parking Description
- Driveway, Paved
- Road Surface
- Paved
- Number Of Units Total
- 2
- Unit Type One Baths Total
- 2
- Unit Type One Beds Total
- 3
- Unit Type One Rent
- 1749
- Unit Type One Sq Ft
- 1100
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 2
- Unit Type Two Beds Total
- 3
- Unit Type Two Units Total
- 1
Mortgage Calculator
Listing courtesy of Worth Clark Realty.
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