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5101 NE 121st Ave #127
D Composite 43.07
Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +15.0/30.0
  • ARV discount +6.1/15.0
  • DSCR +4.6/10.0
  • Schools +4.3/10.0
  • Livability +4.1/5.0
  • 1% rule +3.9/10.0
  • Rent growth +2.7/5.0
  • Condition / age +2.5/5.0
  • Appreciation +0.0/10.0

$250,000

5101 NE 121st Ave #127 · Vancouver, WA 98682
2 bd · 2.0 ba · 1,992 sqft · Manufactured public records · 295 Days on market
Built 2011 5,418 sqft lot $126/sqft · at area comps Est $242k · at est. ↓ 9% since listing

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Turnkey 3 Bed + Office | Nearly 2,000 Sq Ft | Premium Lot in Amenity-Rich Community. Welcome to Unit 127 at 5101 NE 121st Ave — a spacious and beautifully upgraded 3 bed, 2 bath manufactured home with a dedicated office and 1,992 sq ft of comfortable living space and new hot water heater. No detail was overlooked when this home was originally purchased — real hardwood floors, newer bedroom carpet, walk-in closets, and all appliances included (double oven, fridge, dishwasher, microwave, washer & dryer).Enjoy a heated garage with safe and overhead storage rack, plus a fully fenced backyard with artificial turf and low-maintenance Trex decking — perfect for entertaining or relaxing.Located in a secure, well-maintained community offering exceptional amenities: pool, gym, library, party room, meeting space, and RV/boat parking. Close to shopping, dining, and easy freeway access.This home is truly move-in ready and packed with value — schedule your private tour today!

Key facts

  • Hardwood flooring
  • Large kitchen
  • Deck

Tags

CORNER LOTVAULTED CEILINGSHARDWOOD FLOORINGLARGE KITCHENWALK-IN PANTRYDECK

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath manufactured listed at $250k.

Deal economics

  • At list price, monthly cash flow is $78 ($930/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $222k (11.3% below list).
  • Recommended offer: $220k (12.0% below list) — sets the bar for market timing.
  • Cap rate 6.7% vs local median 2.7% in Vancouver — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 82/100 on livability (#62 in WA, #1,133 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: crime F, cost of living D-.
  • Evergreen School District (Clark) (urban): math 41% / reading 51% proficiency, ranked #164 of 291 in WA (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Market conditions: Rents flat; 461 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,547 units permitted in Clark County in 2024 (1,361 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
  • Clark County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 295 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.
  • 7 sale attempts since 3y ago; this cycle's ask has dropped $50k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Recommended offer $220,000 (12.0% below list)

Questions for the listing agent

  1. It's been on market 295 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
0.89%
Cap rate
6.67%
Cash-on-cash
1.33%
DSCR
1.06
GRM
9.4

CMA / ARV

ARV (median comp)
$242,485
List price
$250,000
Delta
3.10%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 2 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
5101 NE 121st Ave #141 0.08mi 2/2.0 1,708 (-14%) 13mo $260,000 $152 62
5404 NE 121st Ave Ave #103 0.46mi 3/2.0 (+1) 1,759 (-12%) 20mo $137,500 $78 38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.63% rent growth · sell at horizon

5-year hold
IRR
-16.8%
Equity multiple
0.42×
Total profit
$-40,737
Equity at exit
$37,276
10-year hold
IRR
-13.5%
Equity multiple
0.30×
Total profit
$-49,323
Equity at exit
$21,615

Cash invested: $70,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
28 Tenant-Leaning
State Washington
28 Tenant-Leaning · D+8
County
— inherits STATE
City
— inherits STATE
Just-cause statewide (2021); Seattle layers rent control restrictions + relocation assistance; very tenant-friendly.

ZIP-level market 98682

Rents YoY
0.6%
Active inventory
461
Price-to-rent
9.4×

Monthly cashflow live

Estimated rent
$2,217 high interval (Pro) →
Mortgage (P&I)
$1,311
Tax from tax record
$259 /mo · $3,103/yr
Insurance
$104
HOA
$0
Vacancy / Maint / Mgmt
$466
Net cashflow
$78

Break-even live

Break-even rent $2,119
Max offer price $250,000
Occupancy floor 92%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$62,500
Closing costs
$7,500
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 26 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
4825 NE 124th Ct Vancouver, WA 3.0 2.5 1586 $2,295 $1.45 43d 1 0.10mi
11716 NE 49th St Vancouver, WA 1.0–3.0 1.0–2.5 1090 $1,788 $1.64 7d 15 0.38mi
11328 NE 51st Cir Vancouver, WA 2.0–4.0 1.0–2.0 1086 $1,549 $1.43 7d 8 0.62mi
4303 NE 136th Ave Vancouver, WA 3.0 2.5 1736 $2,500 $1.44 43d 1 0.62mi
5719 NE 135th Ave Vancouver, WA 3.0 2.0 1260 $1,995 $1.58 43d 1 0.66mi
3109 NE 118th Ave Vancouver, WA 3.0 2.5 1833 $2,595 $1.42 43d 1 0.96mi
13815 NE 63rd St Vancouver, WA 3.0 2.5 1601 $2,395 $1.50 23d 1 0.98mi
6509 NE 139th Ct Vancouver, WA 3.0 2.0 1525 $2,529 $1.66 43d 1 1.13mi
2641 NE 130th Ct Vancouver, WA 3.0 2.5 1624 $2,595 $1.60 4d 1 1.14mi
12607 NE 27th Way Vancouver, WA 3.0 2.5 2023 $2,695 $1.33 2d 1 1.15mi
2630 NE 131st Ct Vancouver, WA 3.0 2.5 1768 $2,695 $1.52 7d 1 1.16mi
6715 NE 139th Pl Vancouver, WA 3.0 2.5 1423 $2,400 $1.69 4d 1 1.18mi
6719 NE 139th Pl Vancouver, WA 3.0 2.5 1492 $2,570 $1.72 43d 1 1.18mi
12509 NE 26th St Vancouver, WA 3.0 2.5 1688 $2,495 $1.48 43d 1 1.18mi
6117 NE 105th Ave Vancouver, WA 3.0 2.5 1521 $2,249 $1.48 22d 1 1.20mi
13024 NE 26th St Vancouver, WA 3.0 2.5 1559 $2,295 $1.47 43d 1 1.20mi
2642 NE 116th Pl Vancouver, WA 3.0 2.0 1434 $2,350 $1.64 16d 1 1.21mi
10300 NE 61st Cir Unit 10315 Vancouver, WA 3.0 2.5 1486 $2,495 $1.68 23d 1 1.26mi
10300 NE 61st Cir Unit 10404 Vancouver, WA 3.0 2.5 1653 $2,495 $1.51 7d 1 1.26mi
2601 NE 115th Pl Vancouver, WA 3.0 2.5 1435 $2,800 $1.95 43d 1 1.26mi
2234 NE 115th Ct Vancouver, WA 3.0 2.5 1484 $2,195 $1.48 14d 1 1.42mi
7415 NE 136th Ave Vancouver, WA 3.0 2.5 1674 $2,495 $1.49 44d 1 1.44mi
11900 NE 18th St Vancouver, WA 1.0–3.0 1.0–3.0 1318 $2,188 $1.66 43d 1 1.45mi
2105 NE 118th Pl Vancouver, WA 3.0 2.5 1352 $2,400 $1.78 43d 1 1.47mi
2023 NE Four Seasons Ln Vancouver, WA 3.0 2.5 1387 $2,295 $1.65 7d 1 1.49mi
15413 NE 47th Cir Vancouver, WA 3.0 2.0 1362 $2,569 $1.89 43d 1 1.50mi

Listing history 34 events

  1. 2026-06-18
    days on market $250,000 Active 295 DOM
  2. 2026-06-17
    days on market $250,000 Active 294 DOM
  3. 2026-06-16
    days on market $250,000 Active 293 DOM
  4. 2026-06-15
    days on market $250,000 Active 292 DOM
  5. 2026-06-13
    days on market $250,000 Active 290 DOM
  6. 2026-06-13
    days on market $250,000 Active 289 DOM
  7. 2026-06-10
    remarks 631-char remark
  8. 2026-06-10
    price $250,000 Active 286 DOM
  9. 2026-06-09
    days on market $259,900 Active 286 DOM
  10. 2026-06-08
    days on market $259,900 Active 285 DOM
  11. 2026-06-07
    days on market $259,900 Active 284 DOM
  12. 2026-06-03
    days on market $259,900 Active 280 DOM
  13. 2026-06-02
    days on market $259,900 Active 279 DOM
  14. 2026-06-01
    days on market $259,900 Active 278 DOM
  15. 2026-05-31
    days on market $259,900 Active 277 DOM
  16. 2026-05-05
    price $259,900 1004-char remark
    Show marketing remark (1004 chars)

    Turnkey 3 Bed + Office | Nearly 2,000 Sq Ft | Premium Lot in Amenity-Rich Community. Welcome to Unit 127 at 5101 NE 121st Ave — a spacious and beautifully upgraded 3 bed, 2 bath manufactured home with a dedicated office and 1,992 sq ft of comfortable living space and new hot water heater. No detail was overlooked when this home was originally purchased — real hardwood floors, newer bedroom carpet, walk-in closets, and all appliances included (double oven, fridge, dishwasher, microwave, washer & dryer).Enjoy a heated garage with safe and overhead storage rack, plus a fully fenced backyard with artificial turf and low-maintenance Trex decking — perfect for entertaining or relaxing.Located in a secure, well-maintained community offering exceptional amenities: pool, gym, library, party room, meeting space, and RV/boat parking. Close to shopping, dining, and easy freeway access.This home is truly move-in ready and packed with value — schedule your private tour today!

  17. 2026-05-05
    price $259,900
    Show marketing remark (1004 chars)

    Turnkey 3 Bed + Office | Nearly 2,000 Sq Ft | Premium Lot in Amenity-Rich Community. Welcome to Unit 127 at 5101 NE 121st Ave — a spacious and beautifully upgraded 3 bed, 2 bath manufactured home with a dedicated office and 1,992 sq ft of comfortable living space and new hot water heater. No detail was overlooked when this home was originally purchased — real hardwood floors, newer bedroom carpet, walk-in closets, and all appliances included (double oven, fridge, dishwasher, microwave, washer & dryer).Enjoy a heated garage with safe and overhead storage rack, plus a fully fenced backyard with artificial turf and low-maintenance Trex decking — perfect for entertaining or relaxing.Located in a secure, well-maintained community offering exceptional amenities: pool, gym, library, party room, meeting space, and RV/boat parking. Close to shopping, dining, and easy freeway access.This home is truly move-in ready and packed with value — schedule your private tour today!

  18. 2026-04-09
    status Active
    Show marketing remark (1004 chars)

    Turnkey 3 Bed + Office | Nearly 2,000 Sq Ft | Premium Lot in Amenity-Rich Community. Welcome to Unit 127 at 5101 NE 121st Ave — a spacious and beautifully upgraded 3 bed, 2 bath manufactured home with a dedicated office and 1,992 sq ft of comfortable living space and new hot water heater. No detail was overlooked when this home was originally purchased — real hardwood floors, newer bedroom carpet, walk-in closets, and all appliances included (double oven, fridge, dishwasher, microwave, washer & dryer).Enjoy a heated garage with safe and overhead storage rack, plus a fully fenced backyard with artificial turf and low-maintenance Trex decking — perfect for entertaining or relaxing.Located in a secure, well-maintained community offering exceptional amenities: pool, gym, library, party room, meeting space, and RV/boat parking. Close to shopping, dining, and easy freeway access.This home is truly move-in ready and packed with value — schedule your private tour today!

  19. 2026-04-09
    status Active 1004-char remark
    Show marketing remark (1004 chars)

    Turnkey 3 Bed + Office | Nearly 2,000 Sq Ft | Premium Lot in Amenity-Rich Community. Welcome to Unit 127 at 5101 NE 121st Ave — a spacious and beautifully upgraded 3 bed, 2 bath manufactured home with a dedicated office and 1,992 sq ft of comfortable living space and new hot water heater. No detail was overlooked when this home was originally purchased — real hardwood floors, newer bedroom carpet, walk-in closets, and all appliances included (double oven, fridge, dishwasher, microwave, washer & dryer).Enjoy a heated garage with safe and overhead storage rack, plus a fully fenced backyard with artificial turf and low-maintenance Trex decking — perfect for entertaining or relaxing.Located in a secure, well-maintained community offering exceptional amenities: pool, gym, library, party room, meeting space, and RV/boat parking. Close to shopping, dining, and easy freeway access.This home is truly move-in ready and packed with value — schedule your private tour today!

  20. 2026-03-29
    status Pending
    Show marketing remark (1004 chars)

    Turnkey 3 Bed + Office | Nearly 2,000 Sq Ft | Premium Lot in Amenity-Rich Community. Welcome to Unit 127 at 5101 NE 121st Ave — a spacious and beautifully upgraded 3 bed, 2 bath manufactured home with a dedicated office and 1,992 sq ft of comfortable living space and new hot water heater. No detail was overlooked when this home was originally purchased — real hardwood floors, newer bedroom carpet, walk-in closets, and all appliances included (double oven, fridge, dishwasher, microwave, washer & dryer).Enjoy a heated garage with safe and overhead storage rack, plus a fully fenced backyard with artificial turf and low-maintenance Trex decking — perfect for entertaining or relaxing.Located in a secure, well-maintained community offering exceptional amenities: pool, gym, library, party room, meeting space, and RV/boat parking. Close to shopping, dining, and easy freeway access.This home is truly move-in ready and packed with value — schedule your private tour today!

  21. 2026-03-29
    status Pending 1004-char remark
    Show marketing remark (1004 chars)

    Turnkey 3 Bed + Office | Nearly 2,000 Sq Ft | Premium Lot in Amenity-Rich Community. Welcome to Unit 127 at 5101 NE 121st Ave — a spacious and beautifully upgraded 3 bed, 2 bath manufactured home with a dedicated office and 1,992 sq ft of comfortable living space and new hot water heater. No detail was overlooked when this home was originally purchased — real hardwood floors, newer bedroom carpet, walk-in closets, and all appliances included (double oven, fridge, dishwasher, microwave, washer & dryer).Enjoy a heated garage with safe and overhead storage rack, plus a fully fenced backyard with artificial turf and low-maintenance Trex decking — perfect for entertaining or relaxing.Located in a secure, well-maintained community offering exceptional amenities: pool, gym, library, party room, meeting space, and RV/boat parking. Close to shopping, dining, and easy freeway access.This home is truly move-in ready and packed with value — schedule your private tour today!

  22. 2026-03-09
    price $279,500
    Show marketing remark (1004 chars)

    Turnkey 3 Bed + Office | Nearly 2,000 Sq Ft | Premium Lot in Amenity-Rich Community. Welcome to Unit 127 at 5101 NE 121st Ave — a spacious and beautifully upgraded 3 bed, 2 bath manufactured home with a dedicated office and 1,992 sq ft of comfortable living space and new hot water heater. No detail was overlooked when this home was originally purchased — real hardwood floors, newer bedroom carpet, walk-in closets, and all appliances included (double oven, fridge, dishwasher, microwave, washer & dryer).Enjoy a heated garage with safe and overhead storage rack, plus a fully fenced backyard with artificial turf and low-maintenance Trex decking — perfect for entertaining or relaxing.Located in a secure, well-maintained community offering exceptional amenities: pool, gym, library, party room, meeting space, and RV/boat parking. Close to shopping, dining, and easy freeway access.This home is truly move-in ready and packed with value — schedule your private tour today!

  23. 2026-03-09
    price $279,500 1004-char remark
    Show marketing remark (1004 chars)

    Turnkey 3 Bed + Office | Nearly 2,000 Sq Ft | Premium Lot in Amenity-Rich Community. Welcome to Unit 127 at 5101 NE 121st Ave — a spacious and beautifully upgraded 3 bed, 2 bath manufactured home with a dedicated office and 1,992 sq ft of comfortable living space and new hot water heater. No detail was overlooked when this home was originally purchased — real hardwood floors, newer bedroom carpet, walk-in closets, and all appliances included (double oven, fridge, dishwasher, microwave, washer & dryer).Enjoy a heated garage with safe and overhead storage rack, plus a fully fenced backyard with artificial turf and low-maintenance Trex decking — perfect for entertaining or relaxing.Located in a secure, well-maintained community offering exceptional amenities: pool, gym, library, party room, meeting space, and RV/boat parking. Close to shopping, dining, and easy freeway access.This home is truly move-in ready and packed with value — schedule your private tour today!

  24. 2026-02-09
    status Active
    Show marketing remark (1004 chars)

    Turnkey 3 Bed + Office | Nearly 2,000 Sq Ft | Premium Lot in Amenity-Rich Community. Welcome to Unit 127 at 5101 NE 121st Ave — a spacious and beautifully upgraded 3 bed, 2 bath manufactured home with a dedicated office and 1,992 sq ft of comfortable living space and new hot water heater. No detail was overlooked when this home was originally purchased — real hardwood floors, newer bedroom carpet, walk-in closets, and all appliances included (double oven, fridge, dishwasher, microwave, washer & dryer).Enjoy a heated garage with safe and overhead storage rack, plus a fully fenced backyard with artificial turf and low-maintenance Trex decking — perfect for entertaining or relaxing.Located in a secure, well-maintained community offering exceptional amenities: pool, gym, library, party room, meeting space, and RV/boat parking. Close to shopping, dining, and easy freeway access.This home is truly move-in ready and packed with value — schedule your private tour today!

  25. 2026-02-09
    status Active 1004-char remark
    Show marketing remark (1004 chars)

    Turnkey 3 Bed + Office | Nearly 2,000 Sq Ft | Premium Lot in Amenity-Rich Community. Welcome to Unit 127 at 5101 NE 121st Ave — a spacious and beautifully upgraded 3 bed, 2 bath manufactured home with a dedicated office and 1,992 sq ft of comfortable living space and new hot water heater. No detail was overlooked when this home was originally purchased — real hardwood floors, newer bedroom carpet, walk-in closets, and all appliances included (double oven, fridge, dishwasher, microwave, washer & dryer).Enjoy a heated garage with safe and overhead storage rack, plus a fully fenced backyard with artificial turf and low-maintenance Trex decking — perfect for entertaining or relaxing.Located in a secure, well-maintained community offering exceptional amenities: pool, gym, library, party room, meeting space, and RV/boat parking. Close to shopping, dining, and easy freeway access.This home is truly move-in ready and packed with value — schedule your private tour today!

  26. 2026-01-30
    status Pending 1004-char remark
    Show marketing remark (1004 chars)

    Turnkey 3 Bed + Office | Nearly 2,000 Sq Ft | Premium Lot in Amenity-Rich Community. Welcome to Unit 127 at 5101 NE 121st Ave — a spacious and beautifully upgraded 3 bed, 2 bath manufactured home with a dedicated office and 1,992 sq ft of comfortable living space and new hot water heater. No detail was overlooked when this home was originally purchased — real hardwood floors, newer bedroom carpet, walk-in closets, and all appliances included (double oven, fridge, dishwasher, microwave, washer & dryer).Enjoy a heated garage with safe and overhead storage rack, plus a fully fenced backyard with artificial turf and low-maintenance Trex decking — perfect for entertaining or relaxing.Located in a secure, well-maintained community offering exceptional amenities: pool, gym, library, party room, meeting space, and RV/boat parking. Close to shopping, dining, and easy freeway access.This home is truly move-in ready and packed with value — schedule your private tour today!

  27. 2026-01-30
    status Pending
    Show marketing remark (1004 chars)

    Turnkey 3 Bed + Office | Nearly 2,000 Sq Ft | Premium Lot in Amenity-Rich Community. Welcome to Unit 127 at 5101 NE 121st Ave — a spacious and beautifully upgraded 3 bed, 2 bath manufactured home with a dedicated office and 1,992 sq ft of comfortable living space and new hot water heater. No detail was overlooked when this home was originally purchased — real hardwood floors, newer bedroom carpet, walk-in closets, and all appliances included (double oven, fridge, dishwasher, microwave, washer & dryer).Enjoy a heated garage with safe and overhead storage rack, plus a fully fenced backyard with artificial turf and low-maintenance Trex decking — perfect for entertaining or relaxing.Located in a secure, well-maintained community offering exceptional amenities: pool, gym, library, party room, meeting space, and RV/boat parking. Close to shopping, dining, and easy freeway access.This home is truly move-in ready and packed with value — schedule your private tour today!

  28. 2025-10-10
    price $285,000
    Show marketing remark (1004 chars)

    Turnkey 3 Bed + Office | Nearly 2,000 Sq Ft | Premium Lot in Amenity-Rich Community. Welcome to Unit 127 at 5101 NE 121st Ave — a spacious and beautifully upgraded 3 bed, 2 bath manufactured home with a dedicated office and 1,992 sq ft of comfortable living space and new hot water heater. No detail was overlooked when this home was originally purchased — real hardwood floors, newer bedroom carpet, walk-in closets, and all appliances included (double oven, fridge, dishwasher, microwave, washer & dryer).Enjoy a heated garage with safe and overhead storage rack, plus a fully fenced backyard with artificial turf and low-maintenance Trex decking — perfect for entertaining or relaxing.Located in a secure, well-maintained community offering exceptional amenities: pool, gym, library, party room, meeting space, and RV/boat parking. Close to shopping, dining, and easy freeway access.This home is truly move-in ready and packed with value — schedule your private tour today!

  29. 2025-10-10
    price $285,000 1004-char remark
    Show marketing remark (1004 chars)

    Turnkey 3 Bed + Office | Nearly 2,000 Sq Ft | Premium Lot in Amenity-Rich Community. Welcome to Unit 127 at 5101 NE 121st Ave — a spacious and beautifully upgraded 3 bed, 2 bath manufactured home with a dedicated office and 1,992 sq ft of comfortable living space and new hot water heater. No detail was overlooked when this home was originally purchased — real hardwood floors, newer bedroom carpet, walk-in closets, and all appliances included (double oven, fridge, dishwasher, microwave, washer & dryer).Enjoy a heated garage with safe and overhead storage rack, plus a fully fenced backyard with artificial turf and low-maintenance Trex decking — perfect for entertaining or relaxing.Located in a secure, well-maintained community offering exceptional amenities: pool, gym, library, party room, meeting space, and RV/boat parking. Close to shopping, dining, and easy freeway access.This home is truly move-in ready and packed with value — schedule your private tour today!

  30. 2025-08-07
    listed $299,900 Active 1004-char remark
    Show marketing remark (1004 chars)

    Turnkey 3 Bed + Office | Nearly 2,000 Sq Ft | Premium Lot in Amenity-Rich Community. Welcome to Unit 127 at 5101 NE 121st Ave — a spacious and beautifully upgraded 3 bed, 2 bath manufactured home with a dedicated office and 1,992 sq ft of comfortable living space and new hot water heater. No detail was overlooked when this home was originally purchased — real hardwood floors, newer bedroom carpet, walk-in closets, and all appliances included (double oven, fridge, dishwasher, microwave, washer & dryer).Enjoy a heated garage with safe and overhead storage rack, plus a fully fenced backyard with artificial turf and low-maintenance Trex decking — perfect for entertaining or relaxing.Located in a secure, well-maintained community offering exceptional amenities: pool, gym, library, party room, meeting space, and RV/boat parking. Close to shopping, dining, and easy freeway access.This home is truly move-in ready and packed with value — schedule your private tour today!

  31. 2025-08-07
    listed $299,900 Active
    Show marketing remark (1004 chars)

    Turnkey 3 Bed + Office | Nearly 2,000 Sq Ft | Premium Lot in Amenity-Rich Community. Welcome to Unit 127 at 5101 NE 121st Ave — a spacious and beautifully upgraded 3 bed, 2 bath manufactured home with a dedicated office and 1,992 sq ft of comfortable living space and new hot water heater. No detail was overlooked when this home was originally purchased — real hardwood floors, newer bedroom carpet, walk-in closets, and all appliances included (double oven, fridge, dishwasher, microwave, washer & dryer).Enjoy a heated garage with safe and overhead storage rack, plus a fully fenced backyard with artificial turf and low-maintenance Trex decking — perfect for entertaining or relaxing.Located in a secure, well-maintained community offering exceptional amenities: pool, gym, library, party room, meeting space, and RV/boat parking. Close to shopping, dining, and easy freeway access.This home is truly move-in ready and packed with value — schedule your private tour today!

  32. 2023-09-26
    soldstatus $285,000 Closed 590-char remark
    Show marketing remark (590 chars)

    Beautiful and hard to find triple wide manufactured home with an attached two car garage in the fantastic +55 community of Creekside Estates. This three bedroom plus office turn key house features real hard wood floors, granite counter tops, large soaking tub, turf yard and epoxy garage floors. Easily entertain in the open concept kitchen with dual ovens or enjoy your morning coffee on the composite deck with retractable awning. This community features a clubhouse with indoor pool, workout facility and additional parking for your RV or boat. Don't miss out on this one of a kind home.

  33. 2023-08-18
    status Pending 590-char remark
    Show marketing remark (590 chars)

    Beautiful and hard to find triple wide manufactured home with an attached two car garage in the fantastic +55 community of Creekside Estates. This three bedroom plus office turn key house features real hard wood floors, granite counter tops, large soaking tub, turf yard and epoxy garage floors. Easily entertain in the open concept kitchen with dual ovens or enjoy your morning coffee on the composite deck with retractable awning. This community features a clubhouse with indoor pool, workout facility and additional parking for your RV or boat. Don't miss out on this one of a kind home.

  34. 2023-08-14
    listed $285,000 Active 590-char remark
    Show marketing remark (590 chars)

    Beautiful and hard to find triple wide manufactured home with an attached two car garage in the fantastic +55 community of Creekside Estates. This three bedroom plus office turn key house features real hard wood floors, granite counter tops, large soaking tub, turf yard and epoxy garage floors. Easily entertain in the open concept kitchen with dual ovens or enjoy your morning coffee on the composite deck with retractable awning. This community features a clubhouse with indoor pool, workout facility and additional parking for your RV or boat. Don't miss out on this one of a kind home.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast WA · Resets to sale price

Current annual tax
$3,103 · $259/mo
Projected year-2 tax
$3,103 · $259/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$26,602
− Mortgage interest
−$14,004
− Property taxes
−$3,103
− Insurance
−$1,250
− Repairs & maintenance
−$2,128
− Management
−$2,128
− Depreciation
−$7,273
Taxable loss
−$3,284
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$788
After-tax cash flow
$1,718/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

District
Evergreen School District (Clark)
NCES district ID
5302700
Math proficiency
41% ▼ -3.00%
Reading proficiency
51% ▼ -3.00%
Median HH income
$59,418
Composite
42.53/100
National rank
#6859
State rank
#164 of 291 in WA

Livability — Vancouver

Score
82/100
State rank
#62
US rank
#1133

Category grades

Amenities A+ Commute A+ Cost of living D- Crime F Employment B+ Housing A+ Health & safety A+ User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Vancouver, WA
County
Clark County · 513,189 people
City population
360,195
Metro
Portland-Vancouver-Hillsboro, OR-WA
Population (ZIP)
68,305
Household income
$99,918
Rent vs Own
29.6% rent · 70.4% own
Severe rent burden
1618.0

Population outlook (Clark County) Hauer SSP2

Today (2025)
529,610 people
By 2030
563,242 · +6.4%
By 2040
625,905 · +18.2%
By 2050
681,558 · +28.7%
By 2075
805,967 · +52.2%
By 2100
877,450 · +65.7%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (69%)
Race & ethnicity
White 69% Hispanic / Latino 15% Two or more races 13% Asian 6% Black 2% Pacific Islander 1%
Hispanic origin (detail)
Mexican 12%
Common ancestry
Portuguese 3% Subsaharan African 3% Scotch-Irish 2%
Foreign-born
13% · Canada, Vietnam, South Korea
Languages at home
79% English-only · Spanish 8% Russian/Polish/Slavic 6% Other Asian/Pacific 2%

Political lean MEDSL · Clark

2024 margin
Lean D (+7.0) · D 52.1% · R 45.1% · Other 2.8%
2008→2024 swing
+0.9pp no change · 2008: 6.1pp · 2024: 7.0pp
All cycles
2024: D+7.0 2020: D+5.1 2016: D+0.1 2012: D+0.1 2008: D+6.1

Not yet ingested

Civics

Market trends

HPI YoY
▼ -303.95%
Current HPI
307.0529
Rent YoY
▲ 0.63%
Metro
Portland-Vancouver-Hillsboro, OR-WA
State GDP YoY
▲ 4.65%
F500 in state
22

Industry mix (Fortune 500 HQ in WA)

Industry F500 HQs Revenue

Price history

-8.8% since first listed
19 events — show timeline
  • 2026-05-05 Price Changed $259,900 RMLS
  • 2026-05-05 Price Changed $259,900 NWMLS as Distributed by MLS Grid
  • 2026-04-09 Relisted NWMLS as Distributed by MLS Grid
  • 2026-04-09 Relisted RMLS
  • 2026-03-29 Pending NWMLS as Distributed by MLS Grid
  • 2026-03-29 Pending RMLS
  • 2026-03-09 Price Changed $279,500 NWMLS as Distributed by MLS Grid
  • 2026-03-09 Price Changed $279,500 RMLS
  • 2026-02-09 Relisted NWMLS as Distributed by MLS Grid
  • 2026-02-09 Relisted RMLS
  • 2026-01-30 Pending RMLS
  • 2026-01-30 Pending NWMLS as Distributed by MLS Grid
  • 2025-10-10 Price Changed $285,000 NWMLS as Distributed by MLS Grid
  • 2025-10-10 Price Changed $285,000 RMLS
  • 2025-08-07 Listed $299,900 NWMLS as Distributed by MLS Grid
  • 2025-08-07 Listed $299,900 RMLS
  • 2023-09-26 Sold (MLS) $285,000 RMLS
  • 2023-08-18 Pending RMLS
  • 2023-08-14 Listed $285,000 RMLS

Property tax history

+8.8%/yr

Latest (2026): $3,103 · +71.7% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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