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Listed by Realty Pro, Inc. • 360-281-7467
$ 1,995,000
Est. payment /mo
New
11111 NE 48TH CIR Vancouver, WA 98682
0.3 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Kevanna Park
MLS Listing ID 550990900
Year Built 1982
Annual Tax Amount $12,448
Tax Year 2025
Lot Size 0.300 Acres
Property Description
Excellent investment opportunity! This well-maintained 8-plex offers a turnkey addition to any portfolio, blending strong rental demand with immediate cash flow. Ideally situated for high tenant retention, the property is conveniently located directly on a major bus line, just minutes from shopping centers, dining, and easy freeway access. The property features plenty of parking for each unit, ensuring hassle-free parking for all residents. Tenants will enjoy the outdoor common space perfect for gatherings, while the owner will appreciate the attached coin-operated laundry room that provides a steady stream of increased ancillary revenue. Inside, pride of ownership shines with most units boasting newer laminate flooring, updated kitchens, and modernized bathrooms. With major capital expenditures already addressed and a location that practically rents itself, this asset is primed for long-term appreciation and consistent returns.
Location
State WA
County Clark
Community Laundry
Area _22
Zoning R6
Interior
Heating Wall Heater
Exterior
Community Features Laundry
Roof Type Composition
Garage No
Building
Lot Description Cul_de_sac, Level, On Busline
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
