10701 NE 59th St

Vancouver, WA 98662

$3,999,900
Price
—
Beds
—
Baths
12,000 Sq. Ft.
$333 / Sq. Ft.
12,000
Sq. Ft.
$333
per Sq. Ft.
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Description

This 16-unit property at 10701 NE 59th St offers investors immediate income with a 6.54% 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 16-unit property at 10701 NE 59th St offers investors immediate income with a 6.54% 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.

Property Details for 10701 Northeast 59th Street

Parking Features
Paved
Zoning
GC
View
Trees Woods
LISTING UPDATED: 12/01/2025 12:10 PM

Property Details for 10701 Northeast 59th Street

StatusActive
MLS #401196332
Days on Market126
Taxes$22,614 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1968
Lot Size0.67 AC / 29,185 SF
CountyClark County

Location

Listing Courtesy of Keller Williams Realty Portland Premiere
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Building Information for 10701 Northeast 59th Street

Stories2Residences16Year Built1968Building Size-Lot Size0.67 AC / 29,185 SF

Payment Calculator

$21,649 per month

30 year fixed, 6.28% Interest

Principal and Interest

$19,765

Property Taxes

$1,885

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 10701 Northeast 59th Street

Summary
Location and General Information
  • Country: US
  • Directions: NE Fourth Plain Blvd, N on NE 107th Ave, E on NE 59th St
School Information
  • Elementary School: Orchards
  • High School: Heritage
  • Middle Or Junior School: Covington
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $22,613.92
  • Parcel Number: 106970000
  • Tax Legal Description: FRUITLAWN #6 #7 LOT 52 .67A FOR ASSESSOR USE ONLY BAAP OF INTERSE
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Property
Lot Information
  • Acres: 0.67
  • Lot Description: Corner Lot, Level
  • Lot Size Square Feet: 29185.0
  • Lot Size Range: Sq Ft20000to Acres1
  • Lot Size: 20,000 Sq Ft to .99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1968
Utilities
  • Cooling Description: Heat Pump
  • Fuel Description: Electricity
  • Heating Description: Mini Split
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding
Interior Features
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 16
  • Gross Income Actual: $318,944.00
  • Gross Rent Multiplier: $12.54
  • Investor Information: According To Owner, Rent Records
  • Net Income Actual: $264,411.00
  • Operating Expense: $54,533.00
  • Unit Type Type: Unit Type Type1
  • SqFt Approximate Building Total: 12000
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Air Conditioning, Dishwasher, Microwave, Range
  • Unit Type 1 Rent: $1,650
  • Unit Type 1 SqFt: 750.0
  • Unit Type 1 Units Total: 16

Property History for 10701 Northeast 59th Street

DateEvent & SourcePriceAppreciation
Sep 27, 2024

Sold (Public Record)

Public Record #1541886160

$1,650,000

+2.7% / yr

Apr 26, 2007

Sold (Public Record)

Public Record #218346571

$1,044,000

+11.2% / yr

Mar 12, 2004

Sold (Public Record)

Public Record #131074017

$750,000—
DateEvent & SourcePrice
09/27/2024

Sold (Public Record)

Public Record #1541886160

$1,650,000

+2.7% / yr

04/26/2007

Sold (Public Record)

Public Record #218346571

$1,044,000

+11.2% / yr

03/12/2004

Sold (Public Record)

Public Record #131074017

$750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 10701 Northeast 59th Street

Taxable ValueLand$291,852Additions$1,888,148Total$2,180,000
Tax Record2024$22,614 ($1,884 / month)
Home Facts
Total Finished SqFt12,464 SqFtAbove Ground SqFt12,464 SqFtStories1Lot Size29,185 SqFtStyleMulti-Family Res (5+ Units)Year Built1968Year Renovated1985ZoningGC : CLKCountyCLARKAPN106970-000

Schools near 10701 Northeast 59th Street

This home is within Evergreen School District (Clark).
Rating
School
Type
Grades
Distance
Orchards Elementary School
Public - PK to 5
Covington Middle School
Public - 6 to 8
Heritage High School
Public - 9 to 12
Cascadia Technical Academy Skills Center
Public - 9 to 12
Rating
School
Distance
Orchards Elementary School
PublicPK to 5

Covington Middle School
Public6 to 8

Heritage High School
Public9 to 12

Cascadia Technical Academy Skills Center
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 10701 Northeast 59th Street, Vancouver, WA 98662

10701 Northeast 59th Street is a multi-family home for sale in Vancouver, WA 98662. This property was listed for sale on August 11, 2025 by Keller Williams Realty Portland Premiere, it's currently listed at $3,999,900. It has been on the market for a total of 126 days and was last sold on September 27, 2024. This listing's school district is Evergreen School District (Clark). Nearby schools include Orchards Elementary School, Covington Middle School and Heritage High School. 10701 Northeast 59th Street is a 0-bed, 0-bath, 12,000 sqft multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Portland Premiere

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.