Listing provided courtesy of Keller Williams Realty Portland Premiere- MLS# 401196332MLS Provider

10701 NE 59TH STVancouver, WA 98662

Multi-Family · 12,000 Sq. ft. | 0.67 Acres
$3,499,900 Active

10701 NE 59TH ST Overview

Time on Site:
322 days
Visits:
11

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.

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10701 NE 59TH ST Facts & Features

  • Type Multi-Family
  • Sq. ft. 12,000
  • Price/Sq.ft. $292
  • Lot 0.67 Acres

Details

General

School Information

  • Elementary School: Orchards
  • Middle Or Junior School: Covington
  • High School: Heritage

Income/Expenses

  • Gross Income: 306955.0
  • Net Operating Income: 253040.0
  • Operating Expense: 53915.0

Building Information

  • Year Built: 1968

Location/Region

  • Country: US
  • County Or Parish: Clark
  • MLS Area Major: 21 - Vancouver: Walnut Grove / W. Orchards

Rent/Lease Information

  • Rent Includes: None

Tax Information

  • Tax Annual Amount: 22613.92
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional
  • Parcel Number: 106970000
  • Property Condition: Updated/Remodeled
  • Property Type: Multi Family
  • Zoning: GC

Interior

Building Interior

  • Building Area Total: 12000.0

General Information

  • Cooling: Heat Pump
  • Heating: Mini Split
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Paved

Lot Information

  • Lot Features: Corner Lot,Level
  • Lot Size Acres: 0.67
  • Lot Size Square Feet: 29185.0
  • Water Source: Public Water

General Information

  • Number Of Units Total: 16
  • Sewer: Public Sewer

10701 NE 59TH ST Neighborhood

Community

98662 (Vancouver) Demographics

38
Median Age
2,625
Population Density (per sq. mile)
34%
College Educated
$71,059
Estimated Median Income
8,039
Estimated Total Home Owners
4,440
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

10701 NE 59TH ST Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

10701 NE 59TH ST Market Data

Based on the last 30 days in this zip code

$574,903
Average List Price
$296
Average Price per Square Foot
36
Properties Sold
55
Average Days on Market
171
Properties for Sale
Calculations provided by Reliance Network

10701 NE 59TH ST History

Date Event Value Agent
5/26/2026Source: Regional MLS Price Reduction
$3,499,900 -2.8%
3/17/2026Source: Regional MLS Price Reduction
$3,599,900 -4.0%
1/27/2026Source: Regional MLS Price Reduction
$3,749,900 -6.3%
11/7/2025Source: Regional MLS Price Reduction
$3,999,900 -9.1%
8/11/2025Source: Regional MLS Added to Database
August 11, 2025