4811 NE 37TH Ct
Property Description
Built in 2023, this fully rented triplex delivers $7,545 in monthly income the moment you close. Its Vancouver location does much of the leasing work for you - quick, convenient access to both SR-500 and I-5 keeps commute times short in every direction, a major draw for tenants and a steady driver of long-term rental demand. Step inside any of the three units and it's clear why they lease so well. A wide-open floor plan seamlessly connects the kitchen and living room, luxury vinyl plank flooring spans the main level, quartz countertops and stainless-steel appliances lend a polished, contemporary feel, and every home comes fully equipped with an in-unit washer and dryer, refrigerator, and blinds throughout. Every unit enjoys its own private backyard, a two-car garage, and dedicated driveway parking. The HOA covers routine roof and gutter cleaning. What makes this opportunity truly rare is that this triplex was originally platted as three individual tax parcels before being reconfigured into one. That means the upside isn't limited to today's rent roll - it extends to tomorrow's optionality. Once the property is owned free of a mortgage, an owner can file a lot reconfiguration request (GIS form) to restore the three separate parcels, provided property taxes are current. In other words, this isn't just a triplex - it's three individually platted homes, income-producing today, with a clear path to standalone value tomorrow. For investors who want immediate cash flow and a long-term strategic edge, this is a rare find in today's Vancouver market. Buyer to confirm all information with the applicable jurisdiction.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,360,000 |
| No. of Units: | 3 |
| Year Built: | 2023 |
| Lot Size: | 4,952.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $453,333 |
| Property Website | Click Here |
| Number of Bedrooms: | 9 |
| Number of Bathrooms: | 9 |
ID: 3yd-RMLSOR-403712133
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout