REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Keller Williams Realty Portland Premiere
$ 4,399,900
Est. payment | /mo
12,000 SqFt
$ 4,399,900
Est. payment | /mo
12,000 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $366
MLS Listing ID 401196332
Year Built 1968
Annual Tax Amount $20,283
Tax Year 2024
Lot Size 0.670 Acres
Property Description
This 16-unit property at 10701 NE 59th St offers investors immediate income with a 6.01% cap rate and the security of full renovations already completed. Each 2BR/1BA apartment showcases contemporary finishes, durable hard-surface flooring, and slab countertops in open, light-filled layouts. The desirable Five Corners location delivers high walkability, onsite parking, and close proximity to employment centers, retail, and transit—driving strong tenant demand. With minimal ongoing capital needs, this property is positioned for stable cash flow and long-term appreciation in one of Vancouver's most active rental markets.
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
