Damonian Pike

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Listing provided courtesy of Realty Pro, Inc.- MLS# 550990900MLS ProviderContact Information: 360-281-7467

11111 NE 48TH CIRVancouver, WA 98682

Multi-Family · 0.30 Acres
$1,995,000 Active

11111 NE 48TH CIR Overview

Time on Site:
13 days
Visits:
0

Excellent investment opportunity! This well-maintained 8-plex offers a turnkey addition to any portfolio, blending strong rental demand with immediate cash flow. Ideally situated for high tenant retention, the property is conveniently located directly on a major bus line, just minutes from shopping centers, dining, and easy freeway access. The property features plenty of parking for each unit, ensuring hassle-free parking for all residents. Tenants will enjoy the outdoor common space perfect for gatherings, while the owner will appreciate the attached coin-operated laundry room that provides a steady stream of increased ancillary revenue. Inside, pride of ownership shines with most units boasting newer laminate flooring, updated kitchens, and modernized bathrooms. With major capital expenditures already addressed and a location that practically rents itself, this asset is primed for long-term appreciation and consistent returns.

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11111 NE 48TH CIR Facts & Features

  • Type Multi-Family
  • Lot 0.30 Acres

Details

General

School Information

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

Income/Expenses

  • Gross Income: 195300.0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1982

Location/Region

  • Country: US
  • County Or Parish: Clark
  • MLS Area Major: 22 - Vancouver: Evergreen
  • Subdivision Name: KEVANNA PARK

Community/Development

  • Community Features: Laundry

Rent/Lease Information

  • Rent Includes: Trash Collection,Water

Tax Information

  • Tax Annual Amount: 12448.1
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional
  • Parcel Number: 108472046
  • Property Condition: Approximately
  • Property Type: Multi Family
  • Zoning: R6

Interior

General Information

  • Heating: Wall Heater
  • Stories: 2

Exterior

Lot Information

  • Lot Features: Cul-de-sac,Level,On Busline
  • Lot Size Acres: 0.3
  • Lot Size Square Feet: 13068.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 8
  • Sewer: Public Sewer

11111 NE 48TH CIR Neighborhood

Community

98682 (Vancouver) Demographics

35
Median Age
2,114
Population Density (per sq. mile)
35%
College Educated
$76,299
Estimated Median Income
15,100
Estimated Total Home Owners
6,917
Estimated Total Renters
69% / 31%
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.
* 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.

11111 NE 48TH CIR Market Data

Based on the last 30 days in this zip code

$577,773
Average List Price
$294
Average Price per Square Foot
61
Properties Sold
88
Average Days on Market
343
Properties for Sale
Calculations provided by Reliance Network

11111 NE 48TH CIR History

Date Event Value Agent
6/16/2026Source: Regional MLS Added to Database
June 16, 2026