About This Home
This land at 3941 E 18TH St in Vancouver, WA is listed for $839,000 (0.42 acres).
Key Features
- 0.42 acre lot
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.
Location
3941 E 18TH St
Vancouver, WA 98661
Questions & Answers
This 0-bedroom, 0-bathroom land at 3941 E 18TH St is listed at $839,000. The estimated monthly payment is $4,487 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 0.42 acre lot.
This property is listed by Jeff Wunder and can be reached at 3609311178.
