10701 NE 59th St - Apartments FOR SALE


Vancouver, WA 98662- Orchards Area
$3,749,900 USD
503-709-4632
10701 NE 59th St, Vancouver, WA for Sale
$3,749,900 USD
Apartments - FOR SALE
1/17
null | 6.75% Cap Rate

10701 NE 59th St
Vancouver, WA 98662
Orchards Area


HIGHLIGHTS

  • 16 Fully Leased & Stabilized Units
  • Fully Renovated Building
  • Special Pricing Incentive for Any Sale That Closes On or Before 4/31/2026

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,749,900 USD

PRICE/SF

$301 USD /SF

# OF UNITS

16

PRICE/UNIT

$234,369

CAP RATE

6.75%

% LEASED

100%

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plainsmen Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

GC

APN/PARCEL ID

106970-000

ASK ABOUT THIS PROPERTY

Darryl Bodle IIKeller Williams CommercialMore Info
503-709-4632

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Darryl Bodle IIKeller Williams CommercialMore Info
503-709-4632

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.