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Listed by Keller Williams Realty Portland Premiere
Bought with Skyline Real Estate

$3,315,000

Est. payment - /mo

12,000 SqFt

Sold on 07/08/2026

10701 NE 59TH ST Vancouver, WA 98662

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Tommy Jedrzejczyk

Principle Real Estate Broker | License ID: 200705280

+1(503) 506-4646

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Key Details

Sold Price $3,315,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 12,000 sqft

Price per Sqft $276

MLS Listing ID 401196332

Sold Date 07/08/26

Year Built 1968

Annual Tax Amount $22,613

Tax Year 2025

Lot Size 0.670 Acres

Property Description

Fully renovated & fully leased building with a 6.75% cap rate! This price is eligible for any sale that closes on or before 4/31/2026. Located at 10701 NE 59th St in Vancouver, this 16-unit multifamily asset delivers immediate, stabilized income with the added security of comprehensive renovations already completed. Each 2BR/1BA apartment features contemporary finishes, durable hard-surface flooring, and solid surface countertops in open, light-filled layouts designed to support strong tenant retention. The property benefits from a prime Five Corners location offering excellent walkability, onsite parking, and close proximity to major retail and lifestyle amenities including Vancouver Mall, Vancouver Plaza, grocery stores, dining, and everyday services, as well as convenient access to C-TRAN transit routes and key commuter corridors such as SR-500 and I-205. Nearby parks, employment centers, and neighborhood conveniences further enhance tenant demand. With minimal near-term capital expenditure requirements, this asset is positioned for reliable cash flow today and long-term appreciation in one of the Vancouver metro area's most active and resilient rental submarkets.

Location

State WA

County Clark

Area _21

Zoning GC

Interior

Heating Mini Split

Cooling Heat Pump

Exterior

View Trees Woods

Garage No

Building

Lot Description Corner Lot, Level

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Orchards

Middle Schools Covington

High Schools Heritage

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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