1903 W 31ST ST
Vancouver, WA, 98660 $ 545,000
Bedrooms6 Baths4.0 Sq 2,200 Monthly Estimate*
$ 3,356
for $545,000 with 6 bedrooms and 4 full baths. This 2,200 square foot home was built in 1971 on a lot size of 0.12.
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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FeaturesGeneralSewer PublicSewer
Heating WallFurnace
Cooling None
Roof Shake
Zoning R30
Year Built 1971
Stories Count 2
Tax Year 2025
Parcel Number 000057000
Gross Income 40836.0
County Clark
Net Operating Income 30876.0
Operating Expense 9960.0
Property Type MultiFamily
HOA N
Subdivision Name Fruit Valley
Rent Includes None
Status Active
Directions Fruit Valley Rd east @ W 31st St right @ 2nd driveway in to complex units K & L at the end
High School Hudsons Bay
City Vancouver
Disclosures Disclosure
Number Of Units Total 2
MLS Area _11
Lot Size Square Feet 5227.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Fruit Valley
Tax Annual Amount 4958.81
Middle/Junior High School Discovery
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description #76 DAVID ARMSTRONG DLC .12 A ML FOR ASSESSOR USE ONLY W 64.50 FT
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InteriorBasement CrawlSpace
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 3
Unit 2 Baths Total 2
Unit 2 Beds Total 3
Unit Type UnitTypeType1 UnitTypeType2
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ExteriorParking Features Driveway Paved
Lot Features Cul_de_sac Level
Water Source PublicWater
Total Parking 2.0
Exterior Description WoodComposite
Building Area Total 2200.0
Lot Size Acres 0.12
Road Surface Type Paved
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $3,356
- Monthly Property Taxes
- $413
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Vancouver, WA
Average List Price $1,030,098
Percent of Sale Price 89%
About Vancouver, WA 179,508 Population
23% Since 2002
$ 53,989 Median Income
38.43 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
1950230 Elementary School
1951079 Middle School
Hudsons Bay High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/21/2026 | $545,000 | | Listed Price |