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13018 NE 71st Ave - Multi-Family Development Opportunity 5.05 Acres of Residential Land Offered at $6,595,000 in Vancouver, WA 98686
EXECUTIVE SUMMARY
MAJ Commercial Real Estate is pleased to present a premier development opportunity in Vancouver, WA. This offering consists of two tax parcels totaling approximately
±5.05 acres, with approvals in process for a 120-unit multifamily community. Designed with today’s rental housing demand in mind, the project is strategically positioned in
a high-growth corridor and offers investors and developers the ability to step into a fully entitled opportunity without the uncertainty of starting from scratch.
The development is planned in two phases to allow for flexibility in execution and capital planning. Phase I will consist of 72 units, with permit approvals anticipated
by October 2025. Phase II will include 48 units, with approvals projected for January 2026. MAJ Development Corporation will deliver the site with full site plan approvals
through Clark County, along with complete civil engineering and architectural construction plans. This turnkey entitlement package significantly reduces risk,
shortens the development timeline, and positions the buyer to move directly into vertical construction.
±5.05 acres, with approvals in process for a 120-unit multifamily community. Designed with today’s rental housing demand in mind, the project is strategically positioned in
a high-growth corridor and offers investors and developers the ability to step into a fully entitled opportunity without the uncertainty of starting from scratch.
The development is planned in two phases to allow for flexibility in execution and capital planning. Phase I will consist of 72 units, with permit approvals anticipated
by October 2025. Phase II will include 48 units, with approvals projected for January 2026. MAJ Development Corporation will deliver the site with full site plan approvals
through Clark County, along with complete civil engineering and architectural construction plans. This turnkey entitlement package significantly reduces risk,
shortens the development timeline, and positions the buyer to move directly into vertical construction.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $6,595,000 | Lot Size | 5.05 AC |
| Price Per AC | $1,305,940.59 |
| Price | $6,595,000 |
| Price Per AC | $1,305,940.59 |
| Lot Size | 5.05 AC |
5.05 ACRES Zoned R-30
DESCRIPTION
The planned community will total 120 residential units supported by a 1,900 SF community building designed to enhance livability and tenant amenities. Vancouver continues to benefit from strong population growth, limited new housing supply, and sustained demand for quality rental housing, making this project a timely and compelling opportunity. With entitlements secured and phasing designed for execution flexibility, this site is ideally suited for a developer or investor seeking a ready-to-build project in a thriving market.
1 1
PROPERTY TAXES
| Parcel Number | 198784-005 | Improvements Assessment | $0 |
| Land Assessment | $1,191,802 | Total Assessment | $1,191,802 |
PROPERTY TAXES
Parcel Number
198784-005
Land Assessment
$1,191,802
Improvements Assessment
$0
Total Assessment
$1,191,802
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13018 NE 71st Ave - Multi-Family Development Opportunity
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