10701 NE 59TH ST, Vancouver, WA 98662
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10701 NE 59TH ST, Vancouver, WA 98662
10701 NE 59TH ST, Vancouver, WA 98662
10701 NE 59TH ST, Vancouver, WA 98662
10701 NE 59TH ST, Vancouver, WA 98662

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Additional details
Eduardo Reyes

Eduardo Reyes

+1(971) 282-1806
Listed by Keller Williams Realty Portland Premiere
$ 3,499,900
Est. payment /mo
Save Virtual Tour
Price Dropped by $100K

10701 NE 59TH ST Vancouver, WA 98662

12,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,000 sqft

Price per Sqft $291

MLS Listing ID 401196332

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

Virtual Tour https://youtu.be/JBpkqiWRnRM?si=iZdX7_I8PveIgWWP

Regional Multiple Listing Service (RMLS)

Amenities & Attractions

Restaurants
Home Services
Health & Medical
Local Services
Shopping
Recreation
Food
Beauty
Nightlife
Event Planning & Services
Automotive
Religious Organizations
Financial Services
Professional Services
Travel
Education
Pets

  • Joann’s Cafe

    10915 NE Fourth Plain Rd, Vancouver, WA 98662

    Phone: 360-892-4771

  • Burgerville

    10903 NE Fourth Plain Rd, Vancouver, WA 98662

    Burgers Phone: 360-892-9781

  • Papa Murphy’s

    10919 NE Fourth Plain Rd, Vancouver, WA 98662

    Pizza Phone: 360-892-0633

  • Burger King

    5513 NE Gher Rd, Vancouver, WA 98662

    Burgers Phone: 360-256-1733

  • Orchard’s Tap

    10514 NE 4th Plain Blvd, Vancouver, WA 98662

    American (New) Phone: 360-891-5917

  • Ils Wayport

    5517 NE Gher Rd, Vancouver, WA 98662

    Phone: 360-896-4390

  • Subway

    5620 NE Gher Rd Ste A, Vancouver, WA 98662

    Fast Food Phone: 360-892-8763

  • Bruchi’s Cheesesteaks & Subs

    6115 NE 114th Ave, Vancouver, WA 98662

    Sandwiches Phone: 360-253-6856

  • Kaizen Restaurants

    5513 NE Gher Rd, Vancouver, WA 98662

    Phone: 360-256-1733

  • Wendy’s

    11505 NE Fourth Plain Rd, Vancouver, WA 98662

    Burgers Phone: 360-260-2766

  • Pita Pit

    11211 NE Fourth Plain Blvd, Vancouver, WA 98662

    Sandwiches Phone: 360-604-6000

  • McDonald’s

    5517 NE Gher Rd, Vancouver, WA 98662

    Fast Food Phone: 360-253-8264

  • Orchards Rice Bowl

    10411 NE Fourth Plain Rd, Vancouver, WA 98662

    Asian Fusion Phone: 360-891-6550

  • China Bowl

    5501 NE 109th Ct Ste P, Vancouver, WA 98662

    Chinese Phone: 360-260-9189

  • Namaste Indian Cuisine

    6300 NE 117th Ave, Vancouver, WA 98662

    Indian Phone: 360-891-5857

  • KFC

    5508 Northeast Gher Road, Orchards, WA 98662

    Chicken Wings Phone: 360-254-0906

  • Jay’s Restaurant and Lounge

    5620 NE Gher Rd, Vancouver, WA 98662

    American (Traditional) Phone: 360-892-0072

  • Carl’s Jr Restaurant

    7412 NE 117th Ave, Vancouver, WA 98662

    Mexican Phone: 360-256-7041

  • Papa Murphy’s Take ‘n’ Bake Pizza

    5500 NE 109th Ct Ste M, Vancouver, WA 98662

    Pizza Phone: 360-882-4608

  • Omy’s Cafe

    10915 NE 4th Plain Rd, Vancouver, WA 98662

    American (Traditional) Phone: 360-891-7721

  • High 5 Pizza

    10805 NE Fourth Plain Blvd, Vancouver, WA 98662

    Pizza Phone: 360-944-7499

  • Pig Heaven Barbeque

    11200 NE Fourth Plain Rd, Vancouver, WA 98662

    Barbeque Phone: 360-213-0691

  • Domino’s Pizza

    6300 NE 117th Ave, Vancouver, WA 98662

    Sandwiches Phone: 360-254-4408

  • Special Thai Cuisine

    5620 NE Gher Rd Ste 3, Vancouver, WA 98662

    Phone: 360-883-9080

  • Blind Onion Pizza

    6115 NE 114th Ave, Vancouver, WA 98662

    Pizza Phone: 360-213-1805

  • Mc G’s BBQ

    11200 NE 4th Plain, Vancouver, WA 98662

    Barbeque Phone: 360-258-0211

  • The Original Taco House

    10820 NE Coxley Dr, Vancouver, WA 98662

    Mexican Phone: 360-892-2929

  • Lucky House

    5501 Ne 109th Ct, Vancouver, WA 98662

    Chinese Phone: 360-892-2977

  • The Megabite Orchards

    10411 NE Fourth Plain Blvd, Vancouver, WA 98662

    Pizza Phone: 360-852-8439

Eduardo Reyes

Eduardo Reyes

Broker

+1(971) 282-1806

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10701 NE 59TH ST