10701 NE 59TH ST, Vancouver, WA 98662
- $3,315,000
- 12,000
- SqFt
- Sold Price
- $3,315,000
- List Price
- $3,499,900
- Closing Date
- Jul 08, 2026
- Days on Market
- 331
- MLS#
- 401196332
- Property Type
- Multifamily
- Sqft. of Residence
- 12,000
- Lot Size
- 20, 000 SqFt to .99 Acres
- Region
- Vancouver: Walnut Grove / W. Orchards
- Status
- SOLD
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.
Additional Information
- Tax Amount
- $22,613
- Year Built
- 1968
- High School
- Heritage
- Elementary School
- Orchards
- Middle School
- Covington
- Acres
- 0.67
- Living Area
- 12,000
- Stories
- 2
- Terms
- Cash, Conventional
- Cooling Description
- Heat Pump
- Fuel Description
- Electricity
- Heating Description
- Mini Split
- Hoa Rent Includes
- None
- Exterior Description
- Lap Siding
- Sewer Description
- Public Sewer
- View
- Trees/Woods
- Parking
- Paved
- Parking Description
- Paved
- Number Of Units Total
- 16
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1650
- Unit Type One Sq Ft
- 750
- Unit Type One Units Total
- 16
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Listing courtesy of Keller Williams Realty Portland Premiere. Selling Office: Skyline Real Estate.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.