Multifamily Development Land
For Sale
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2811 East Evergreen Boulevard, Vancouver, WA 98661
Land site with plans for a boutique multifamily project and zoning capacity for up to 60 units.
Property Size31,193 SF
Price / SF$57.71
Days on Market28
Property Features for 2811 East Evergreen Boulevard
General Information
Standard status
Active
Size
31,193 SF
Class
A
Property subtype
Land
Zoning
R22
Investment Type
Redevelopment
Building Details
Year Built
2028
Units
44
Listing Agency:
Marcus & Millichap - Portland
Listed By:
Georgie Christensen-Riley · License #201253912
Source:
Crexi
Added: Jul 15
Changed: Aug 8
Last Checked: Jul 20 at 1:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Portland
Investment Insights
Based on property information with market context.
Evergreen Lofts is a residential development land opportunity at 2811 East Evergreen Boulevard in Vancouver, Washington, with a proposed boutique multifamily program totaling 44 units and approximately 31,193 residential rentable square feet. The concept features an efficient unit mix weighted toward studios, one-bedroom, and two-bedroom residences.
The site is positioned to support a higher-density outcome based on zoning, which provides a potential path to permit up to 60 residential units. The property is also located within a designated Opportunity Zone, which may provide potential financial benefits for qualified investors.
According to the provided analysis, modeled present value of the Opportunity Zone benefit supports land value of approximately $2.18 million, representing roughly $382,000 of incremental value above a seller’s $1.8 million land proceeds target.
The site is positioned to support a higher-density outcome based on zoning, which provides a potential path to permit up to 60 residential units. The property is also located within a designated Opportunity Zone, which may provide potential financial benefits for qualified investors.
According to the provided analysis, modeled present value of the Opportunity Zone benefit supports land value of approximately $2.18 million, representing roughly $382,000 of incremental value above a seller’s $1.8 million land proceeds target.
Key Highlights
- Boutique multifamily development planned in Vancouver, WA with YearBuilt 2028
- Proposed 44 residential units totaling approx. 31,193 rentable SF with unit mix weighted toward studios, 1‑bedroom, and 2‑bedroom
- Site zoning may support permitting up to 60 residential units versus the current 44‑unit plan
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
Explore this area
Business Placement
Demographics for 98661, WA
48,983
Population
22,291
Households
2.2
Avg Household Size
36
Median Age
27%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,494
Density / Sq Mi
$75,037
Median Household Income
$43,920
Median Earnings
$1,440
Median Rent
$424,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land site with plans for a boutique multifamily project and zoning capacity for up to 60 units.
Where is this residential land & home lot located?
The property is located at 2811 East Evergreen Boulevard Vancouver, WA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Boutique multifamily development planned in Vancouver, WA with YearBuilt 2028; Proposed 44 residential units totaling approx. 31,193 rentable SF with unit mix weighted toward studios, 1‑bedroom, and 2‑bedroom; Site zoning may support permitting up to 60 residential units versus the current 44‑unit plan
