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1505 NW 10th Ave - 1505 NW 10th 3 Unit Apartment Building Offered at $1,506,714 CAD at a 6.36% Cap Rate Camas, WA 98607
Investment Highlights
- Seclusion
- View of Columbia River and Mt. Hood,
- Dead End Street, 1 mile from Downtown Camas
Executive Summary
Two ADU Plus Living Option, ADU Heavy Property. 1505, 2300 Sq ft. 4bd. 2.5b, 2 living, Dining, mud room, 2 laundry. (Rented) Detached 1505 A, 640 sq ft above 600sq ft Garage, 1bd, 1b. Living, laundry, Kitchen. Daylight Basement 1505 B, 850 sq ft. 2bd, 1b, Kitchen, Living, Utility w/ laundry. Camas WA is the most affluent City in SW Washington. Enjoy no Income Tax and pop over the bridge to exercise no Sales Tax. Top Rate Schools. Home Completely remodeled 2015. Detached ADU built in 2018. NEW Roof and Joists 2021. Just moved out 2026 and completed ADU #2 2026. Incredible investment, only 2 miles from Freeway exit, $850,000 med home price, 1 mile from Downtown and Views of Columbia and Mt. Hood.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$103,552
|
$23.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$103,552
|
$23.59
|
| Taxes |
$9,314
|
$2.12
|
| Operating Expenses |
$1,370
|
$0.31
|
| Total Expenses |
$10,684
|
$2.43
|
| Net Operating Income |
$92,868
|
$21.15
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $103,552 |
| Annual Per SF | $23.59 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $103,552 |
| Annual Per SF | $23.59 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,314 |
| Annual Per SF | $2.12 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,370 |
| Annual Per SF | $0.31 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $10,684 |
| Annual Per SF | $2.43 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $92,868 |
| Annual Per SF | $21.15 |
Property Facts
Amenities
Site Amenities
- 24 Hour Access
- Business Center
- Trash Pickup - Curbside
- Walking/Biking Trails
- Wi-Fi
- Storage Space
- Bicycle Storage
- Car Charging Station
- Public Transportation
- Fiber Optic Internet
1 1
Somewhat walkable
30/100
Very drivable
80/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 085796-004 | Total Assessment | $859,924 CAD (2025) |
| Land Assessment | $254,351 CAD (2025) | Annual Taxes | $9,314 CAD ($2.12 CAD/SF) |
| Improvements Assessment | $605,573 CAD (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
085796-004
Land Assessment
$254,351 CAD (2025)
Improvements Assessment
$605,573 CAD (2025)
Total Assessment
$859,924 CAD (2025)
Annual Taxes
$9,314 CAD ($2.12 CAD/SF)
Tax Year
2026 Payable 2026
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1507 NW 10th LLC
1505 NW 10th Ave - 1505 NW 10th
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