3941 E 18TH St Vancouver, WA 98661

Listing agency Keller Williams Realty k***@kw.com Show Phone

Listed by Jeff Wunder · License #104052 Show Phone

Added: May 19 Updated: May 20 at 5:19PM Checked: Jul 22 at 1:06AM

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MLS# 184091807

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Investment Insights

Based on property information with market context.

This is a rare opportunity to acquire a nearly shovel-ready multifamily development site in Vancouver, Washington. The site is fully approved and 95% complete on civil plans, with no entitlement risk and a clear path to breaking ground. Situated on a generous 18,295 square foot flat, private flag lot, this site offers exceptional buildability with minimal site work required. All 8 units are approved as 2-bedroom/1-bath floor plans, delivering a highly rentable unit mix ideally suited for the Clark County rental market. Vancouver's ongoing zoning reforms and updated building codes are actively expanding density allowances across the city, creating a realistic pathway to increase the unit count beyond the current 8-unit approval. The next owner steps in at the finish line, ready to complete the final plan submissions, pull permits, and break ground with minimal delay. This level of pre-development completion also provides a streamlined path to construction financing. The property is located in Vancouver, WA 98661, Clark County.

Key Highlights

• Fully approved multifamily development site, 95% complete on civil plans, eliminating entitlement risk and enabling immediate ground breaking.
• Opportunity to increase unit count beyond the currently approved 8 units due to Vancouver's zoning reforms and updated building codes.
• Streamlined path to construction financing due to advanced pre‑development completion.

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FAQs

What type of property is this?

Residential land & home lot - Shovel-ready multifamily development site in Vancouver, Washington.

Where is this residential land & home lot located?

The property is located at 3941 E 18TH St Vancouver, WA.

What is the asking price?

The asking price for this property is $839,000.

What are key features of this property?

This property features: Fully approved multifamily development site, 95% complete on civil plans, eliminating entitlement risk and enabling immediate ground breaking.; Opportunity to increase unit count beyond the currently approved 8 units due to Vancouver's zoning reforms and updated building codes.; Streamlined path to construction financing due to advanced pre‑development completion.