Vancouver Multifamily Investment
10701 NE 59th St, Vancouver, WA 98662
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Fully renovated, 16-unit multifamily property with stabilized income.
Type:Multifamily
Property size:
12,000 SFPrice / SF:
$312/SF- Added:
- Aug 12, 2025
- Days on Market:
- 274
- Last Refresh:
- Mar 17 at 1:22 pm
Property Features for 10701 NE 59th St
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1968
Listing agent Darryl Bodle License #199910100
Listing office Keller Williams Realty Portland Premiere (503) 597-2444
Listing date Aug 12, 2025
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Portland Premiere
HighLights
- Fully leased building with a 6.75% cap rate, providing immediate, stabilized income.
- Comprehensive renovations completed, minimizing near‑term capital expenditure requirements.
- Located in a prime Five Corners location with excellent walkability and close proximity to major retail, dining, and transit.
- Each unit is a 2BR/1BA apartment featuring contemporary finishes, durable hard‑surface flooring, and solid surface countertops.
- Convenient access to key commuter corridors such as SR‑500 and I‑205.
- Positioned for long‑term appreciation in a resilient Vancouver rental submarket.
Overview
This 16-unit multifamily property is located at 10701 NE 59th St in Vancouver. The fully renovated and fully leased building offers a 6.75% cap rate. Each 2BR/1BA apartment features contemporary finishes, durable hard-surface flooring, and solid surface countertops in open, light-filled layouts. The property is located in the Five Corners area, offering walkability, onsite parking, and proximity to retail and lifestyle amenities including Vancouver Mall, Vancouver Plaza, grocery stores, dining, and everyday services. C-TRAN transit routes and key commuter corridors such as SR-500 and I-205 are easily accessible. Nearby parks, employment centers, and neighborhood conveniences enhance tenant demand. The property is positioned for reliable cash flow and long-term appreciation in one of the Vancouver metro area’s rental submarkets. The property size is 12000 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Vancouver
- County
- Clark
- State
- Washington
- Longitude
- -122.563089
- Latitude
- 45.6650906
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FAQs
What type of property is this?
Apartment building - Fully renovated, 16-unit multifamily property with stabilized income.
Where is this apartment building located?
The property is located at 10701 NE 59th St Vancouver, WA.
What is the asking price?
The asking price for this property is $3,749,900.
What are key features of this property?
This property features: Fully leased building with a **6.75% cap rate**, providing immediate, stabilized income.; Comprehensive renovations completed, minimizing near‑term capital expenditure requirements.; Located in a **prime Five Corners location** with excellent walkability and close proximity to major retail, dining, and transit.
