3941 E 18TH ST, Vancouver, WA 98661

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.