Multifamily Development Site
For Sale
$839,000
3941 E 18TH ST, Vancouver, WA 98661
Shovel-ready multifamily development site in Vancouver, Washington.
Property SizeContact for details
Lot Size0.42 Acres
Days on Market114
Property Features for 3941 E 18TH ST
General Information
Standard status
Active
Lot size
0.42 Acres
Property subtype
MultiFamily
Taxes and HOA fees
Annual Taxes
$4,871
Listing Agency:
Keller Williams Realty
Listed By:
Jeff Wunder · License #104052
(360) 931-1178
Source:
Eleeterealestate
Added: May 19
Changed: Sep 8
Last Checked: Sep 9 at 6:52AM
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 Keller Williams Realty
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, presenting no entitlement risk and a clear path to breaking ground. Situated on an 18,295 square foot flat, private flag lot, the 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. With approvals secured and civil plans nearly finalized, the next owner can 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. This site is suited for local operators looking to expand their portfolio or out-of-market investors seeking yield in one of the Pacific Northwest's fastest-growing submarkets.
Key Highlights
- Fully approved multifamily development site with 95% complete civil plans, enabling quick ground‑breaking.
- Potential to increase unit count beyond the current 8‑unit approval.
- Streamlined path to construction financing due to the advanced stage of pre‑development completion.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
723
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 - 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 with 95% complete civil plans, enabling quick ground‑breaking.; Potential to increase unit count beyond the current 8‑unit approval.; Streamlined path to construction financing due to the advanced stage of pre‑development completion.
