3941 E 18TH ST, Vancouver, WA 98661
3941 E 18TH ST, Vancouver, WA 98661
3941 E 18TH ST, Vancouver, WA 98661
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MICHELLE MENDOLA

MICHELLE MENDOLA

+1(971) 352-1513
Listed by Keller Williams Realty • 360-931-1178
$ 839,000
Est. payment | /mo

0.42 Acres Lot

Save
$ 839,000
Est. payment | /mo
Save

0.42 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 184091807

HOA Y/N No

Annual Tax Amount $4,871

Tax Year 2025

Lot Size 0.420 Acres

Property Sub-Type Multi Family

Property Description

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

State WA

County Clark

Area _12

Zoning R-18

Exterior

Utilities Available ElectricityAvailable, NaturalGasAvailable, PhoneAvailable, PublicSewer

Garage No

Building

Lot Description Flag Lot, Private

Schools

Elementary Schools King

Middle Schools Mcloughlin

High Schools Fort Vancouver

Others

Acceptable Financing CallListingAgent, Cash, Conventional

Listing Terms CallListingAgent, Cash, Conventional

Regional Multiple Listing Service (RMLS)

Nearby Locations

MICHELLE MENDOLA

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(971) 352-1513

michelle@pdxpearlrealtor.com

2175 NW Raleigh St Ste 110, Portland, Oregon 97210, USA

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3941 E 18TH ST