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    10801 Covington Rd Vancouver, WA 98662

    Sponsored
    For Sale
    $1,050,000

    Multifamily development opportunity in Vancouver, WA.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 2.1-acre parcel, located at 10801 NE Covington Rd, Vancouver, WA 98662 (APN 177678000), presents a remarkable opportunity for multifamily development. Zoned R-18, this property allows for the construction of 25 to 37 residential units, making it an ideal investment for developers seeking a high-density project. The expansive lot boasts approximately 700 feet of frontage on Covington Road, providing excellent visibility and accessibility. Utilities are conveniently located at the southwest corner of the property, simplifying infrastructure connection. Its strategic location in Clark County places it within close proximity to schools, businesses, and public transportation, enhancing its appeal and potential for strong rental demand. The asking price for this exceptional land is $1,050,000. This is a rare chance to acquire a sizable, well-situated parcel in a thriving area, perfectly suited for a lucrative multifamily development. Don't miss this opportunity to capitalize on the growing Vancouver real estate market. The property's residential zoning and convenient location make it an attractive investment for both experienced developers and those new to the market. The substantial frontage and access to utilities further enhance its development potential.

    Property Features for 10801 Covington Rd

    General Information

    Property type
    Land
    Lot Size
    91,476 SF

    HighLights

    • 2.1‑acre site in Clark County.
    • Multifamily R‑18 zoning allowing 25‑37 units.
    • Approximately 700 feet of frontage on Covington.
    • Utilities available at the southwest corner.
    • Excellent location near schools, businesses, and public transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.56279397
    Latitude
    45.66749209

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    FAQs

    What type of property is this?
    Land - Multifamily development opportunity in Vancouver, WA.
    Where is this land located?
    The property is located at 10801 Covington Rd Vancouver, WA.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: 2.1-acre site in Clark County.; Multifamily R-18 zoning allowing 25-37 units.; Approximately 700 feet of frontage on Covington.
    (360) 823-5108
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    10801 Covington Rd Vancouver, WA 98662
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    Vancouver, WA 98662
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10801 Covington Rd Vancouver, WA 98662
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