Search
Eight-Plex Apartment Building
For Sale
$1,995,000

11111 NE 48TH Cir, Vancouver, WA 98682

MULTI_FAMILY - Vancouver, WA

Property SizeContact for details
Lot Size0.30 Acres
Days on Market57

Property Features for 11111 NE 48TH Cir

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R6
Bedrooms 9
Bathrooms 5
Full bathrooms 5
Rooms Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 4, Bedroom 7, Bedroom 8, Bedroom 1, Bedroom 6, Bathroom 5, Bathroom 2, Bathroom 3, Bedroom 9, Bedroom 2, Bedroom 5
Subdivision KEVANNA PARK
Elementary school Orchards
Middle school Covington
High school Heritage
Directions SR 500-South on 112th Ave, R on NE 51st Cir, L on NE 110th Ave, L on NE 48th Cir
Standard status Active
APN 108472046
Lot size 0.30 Acres

Taxes and HOA fees

Tax Description KEVANNA LOT 9 FOR ASSESSOR USE ONLY KEVANNA LOT 9
Tax Annual Amount 12448
Legal Description KEVANNA LOT 9 FOR ASSESSOR USE ONLY KEVANNA LOT 9

Amenities

outdoor common space
coin-operated laundry room

Building Details

Year built 1982
Floors in Building 2
Number of units 8
Roof type Composition
Listing Agency: Realty Pro, Inc.
Listed By: Jill DeLoach
Added: Jun 16 Changed: Aug 11 Last Checked: Aug 11 at 6:06PM
MLS# 550990900

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This eight-plex apartment building on a 0.3-acre lot was built in 1982 and features a composition roof. The property includes outdoor common space for residents and an attached coin-operated laundry room.

The building is positioned directly on a major bus line, with shopping, dining, and freeway access nearby. The property also offers plenty of parking for each unit.

Inside, most units have newer laminate flooring, updated kitchens, and modernized bathrooms. The layout includes multiple bedrooms and bathrooms across the building’s units, supporting a straightforward tenant-ready residential setup.

Key Highlights

  • Eight‑plex apartment building on a 0.3‑acre lot
  • Zoned R6
  • Attached coin‑operated laundry room

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Bakery Parking Lot & Garage Garden Center Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

814
Businesses Nearby

Demographics for 98682, WA

65,434
Population
24,288
Households
2.7
Avg Household Size
35
Median Age
26%
College-Educated
92%
High-School Grad
28.5 sq mi
ZIP Area
2,296
Density / Sq Mi
$95,863
Median Household Income
$48,723
Median Earnings
$1,766
Median Rent
$442,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - R6-zoned eight-plex with an attached coin-operated laundry room, composition roof, and outdoor common space on a 0.3-acre lot.
Where is this apartment building located?
The property is located at 11111 NE 48TH Cir Vancouver, WA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Eight‑plex apartment building on a 0.3‑acre lot; Zoned R6; Attached coin‑operated laundry room
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message