Listing provided courtesy of Keller Williams RealtyMLS# 184091807MLS ProviderContact Information: 360-931-1178
  • 41 days on site
  • 0 views

Rare opportunity to acquire a nearly shovel-ready multifamily development site in Vancouver, Washington ' 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 SF 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. What makes this opportunity truly compelling is the timing. 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. Savvy developers who move now can lock in today's land price while positioning for tomorrow's upside.With approvals secured and civil plans nearly finalized, the heavy lifting is already done. 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, a meaningful advantage in today's lending environment. Whether you're a local operator looking to expand your portfolio or an out-of-market investor seeking yield in one of the Pacific Northwest's fastest-growing submarkets, this site checks every box.

Source: Regional MLS, MLS#: 184091807

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  • Property Type
    Land
  • Lot
    0.42 acres

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DAWN BARRY-GRIFFIN

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  • Median Age
    35
  • Population Density
    4,277
  • College Educated
    38%
  • Estimated Median Income
    $59,466
  • Estimated Total Home Owners
    8,763
  • Estimated Total Renters
    10,700
  • Owner / Renter Divide
    45% / 55%
  • Estimated Average Household Size
    2
  • Total Population
    48,485
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 3941 E 18TH ST


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/19/2026Source: Regional MLS Added to Database
May 19, 2026