

10701 NE 59TH STVancouver, WA 98662
Multi-Family · 12,000 Sq. ft. | 0.67 Acres10701 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.
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
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
10701 NE 59TH ST Market Data
Based on the last 30 days in this zip code
10701 NE 59TH ST History
| Date | Value | Agent |
|---|---|---|
| 5/26/2026Source: Regional MLS | $3,499,900 -2.8% |
|
| 3/17/2026Source: Regional MLS | $3,599,900 -4.0% |
|
| 1/27/2026Source: Regional MLS | $3,749,900 -6.3% |
|
| 11/7/2025Source: Regional MLS | $3,999,900 -9.1% |
|
| 8/11/2025Source: Regional MLS | August 11, 2025 |

