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Approved Multifamily Development Land
For Sale
$1,800,000

3708 Northeast 86th Avenue, Vancouver, WA 98662

Two-parcel site includes an existing mechanic shop and a vacant parcel with an approved 43-unit multifamily plan.

Property SizeContact for details
Lot Size1.39 Acres
Days on Market30

Property Features for 3708 Northeast 86th Avenue

General Information

Standard status Active
Lot size 1.39 Acres
Property subtype Land

Amenities

0, 0, 0, 0
No
Paved
Listing Agency: Realty One Group Northstars
Listed By: Alex Moroz · License #23026187
Source: Compass
Added: Jul 11 Changed: Aug 8 Last Checked: Jul 20 at 9:22PM

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 Realty One Group Northstars

Investment Insights

Based on property information with market context.

This offering presents an approved 43-unit multifamily development opportunity on a two-parcel site. The sale includes one improved parcel with an existing mechanic shop and one vacant parcel, with total size described as approximately 1.39 acres (buyer to verify). An approved site plan is in place, which can provide a head start for future development planning.

The property is described as conveniently located near shopping, services, schools, and major commuter routes. Utilities are reported as available in the area, though the buyer must verify availability and capacity.

The seller notes that approvals, zoning, permits, dimensions, utilities, environmental conditions, and related information are deemed reliable but not guaranteed. Buyers should independently verify all information to their satisfaction. The property is shown by appointment only, and the seller requests that business, employees, or occupants are not disturbed.

Key Highlights

  • Two‑parcel site totaling approximately 1.39 acres (buyer to verify), including an existing mechanic shop and a vacant parcel
  • Approved site plan for a 43‑unit multifamily development included with the sale
  • Includes an existing mechanic shop improvement that may provide interim income while preparing for future development

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Garden Center Home Appliance Store Florist Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

180
Businesses Nearby

Demographics for 98662, WA

37,134
Population
14,609
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
13.0 sq mi
ZIP Area
2,856
Density / Sq Mi
$91,883
Median Household Income
$45,847
Median Earnings
$1,685
Median Rent
$424,200
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Two-parcel site includes an existing mechanic shop and a vacant parcel with an approved 43-unit multifamily plan.
Where is this residential land & home lot located?
The property is located at 3708 Northeast 86th Avenue 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: Two‑parcel site totaling approximately 1.39 acres (buyer to verify), including an existing mechanic shop and a vacant parcel; Approved site plan for a 43‑unit multifamily development included with the sale; Includes an existing mechanic shop improvement that may provide interim income while preparing for future development
More about this property
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