3602 NE 54th St Vancouver, WA 98661
Minnehaha NeighborhoodEstimated payment $3,248/month
Highlights
- Territorial View
- Security Gate
- Forced Air Heating System
- Ductless Heating Or Cooling System
- Landscaped
- Level Lot
About This Home
Welcome to this charming and well-maintained duplex tucked away on a quiet flag lot in Vancouver. Perfect for investors or owner-occupiers, this property blends comfort, functionality, and income potential. One unit is currently rented, providing immediate cash flow, while the other will be vacant by the end of the month, ready for your own residence or additional rental income.Thoughtfully updated over the years, this duplex is move-in ready. Unit A features a bathroom refinished in 2023, a new washer and dryer in 2024, a modern AC mini-split installed in 2023, updated laminate flooring in 2023, and a fresh paint job in 2025. Unit B offers a bathroom remodeled in 2021, a kitchen remodeled in 2019, and an AC mini-split installed in 2023. The property also benefits from a newer roof, installed in 2018, adding peace of mind for years to come.Zoned R-18, the lot allows up to five total units (buyer to verify with the city), and the spacious backyard presents exciting opportunities for future expansion or outdoor living. Ideally located near schools, parks, shopping, and freeway access, this duplex combines stability, income, and growth potential—a rare find in today’s market that offers both lifestyle and investment upside. A virtual tour available.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,917
Year Built
- Built in 1976
Lot Details
- 0.28 Acre Lot
- Landscaped
- Level Lot
- Flag Lot
Home Design
- Slab Foundation
- Shingle Roof
- Composition Roof
- Plywood Siding Panel T1-11
Interior Spaces
- 1,632 Sq Ft Home
- 1-Story Property
- Territorial Views
- Security Gate
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Parking
- Driveway
- Paved Parking
Schools
- Minnehaha Elementary School
- Jason Lee Middle School
- Hudsons Bay High School
Utilities
- Ductless Heating Or Cooling System
- Mini Split Air Conditioners
- Forced Air Heating System
- Mini Split Heat Pump
- Private Water Source
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 149205000
Community Details
Overview
- 2 Units
- East Minnehaha Subdivision
Building Details
- Operating Expense $5,400
- Gross Income $45,300
- Net Operating Income $39,900
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,917 | $404,073 | $185,130 | $218,943 |
| 2024 | $3,773 | $387,990 | $185,130 | $202,860 |
| 2023 | $3,719 | $394,164 | $193,395 | $200,769 |
| 2022 | $3,404 | $388,611 | $193,395 | $195,216 |
| 2021 | $3,090 | $324,876 | $165,295 | $159,581 |
| 2020 | $2,743 | $276,129 | $131,250 | $144,879 |
| 2019 | $2,449 | $251,475 | $114,750 | $136,725 |
| 2018 | $2,717 | $232,712 | $0 | $0 |
| 2017 | $2,418 | $215,430 | $0 | $0 |
| 2016 | $2,305 | $201,170 | $0 | $0 |
| 2015 | $2,002 | $177,824 | $0 | $0 |
| 2014 | -- | $144,484 | $0 | $0 |
| 2013 | -- | $128,066 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/29/2025 10/29/25 | Pending | -- | -- | -- | |
| 10/27/2025 10/27/25 | For Sale | $555,000 | 0.0% | $340 / Sq Ft | |
| 10/09/2025 10/09/25 | Pending | -- | -- | -- | |
| 10/02/2025 10/02/25 | For Sale | $555,000 | +27.6% | $340 / Sq Ft | |
| 10/25/2021 10/25/21 | Sold | $434,900 | 0.0% | $266 / Sq Ft | View Prior Sale |
| 09/19/2021 09/19/21 | Pending | -- | -- | -- | |
| 09/11/2021 09/11/21 | For Sale | $434,900 | -- | $266 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $434,900 | Wfg Natl Ttl Co Of Clark Cnt | |
| Quit Claim Deed | -- | First American Title | |
| Bargain Sale Deed | $178,500 | First American Title | |
| Trustee Deed | $185,000 | First American Title | |
| Warranty Deed | $160,000 | Cascade Title | |
| Interfamily Deed Transfer | -- | Chicago Title Insurance Co | |
| Warranty Deed | $129,000 | Chicago Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $326,175 | New Conventional | |
| Previous Owner | $124,950 | Purchase Money Mortgage | |
| Previous Owner | $128,000 | Stand Alone First | |
| Previous Owner | $127,945 | No Value Available | |
| Closed | $32,000 | No Value Available |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 285809923
APN: 149205-000
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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