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.
Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere
General Information
401196332
1
DOM
2
0.67 acres
1
12000
1968
GC
Clark
106970000
Orchards
Covington
Heritage
MultiFamily
FRUITLAWN #6 #7 LOT 52 .67A FOR ASSESSOR USE ONLY BAAP OF INTERSE
Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere
Krishna Realty data last checked: Aug 12, 2025 06:32 | Listing last modified Aug 11, 2025 21:55,
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Residence Information
12000
2
1
Paved
2
1968
No
LapSiding
Features and Utilities
HeatPump
MiniSplit
PublicSewer
Electricity
Financial
20283.86
None
Cash,Conventional
08-11-2025
No
No
Comparable Information
1
1
Cash,Conventional
$4,399,900
$4,399,900
Aug 11, 2025 21:55
Schools
Elementary : OrchardsN/ARatings Middle : Covington N/ARatings High : HeritageN/ARatings
Map
Listing courtesy of Keller Williams Realty Portland Premiere.
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.
