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Listed by Keller Williams Realty • 360-931-1178
$ 839,000
Est. payment | /mo
0.42 Acres Lot
$ 839,000
Est. payment | /mo
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
Nearby Locations
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Jesse Morgen
Managing Broker | Lic# 26011297