3506 Main St, Vancouver, WA 98663
Local realty services provided by:CENTURY 21 North Homes Realty
3506 Main St,Vancouver, WA 98663
$989,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: jeff wunder, lisa wunder
Office: keller williams realty360-693-3336
MLS#:243213175
Source:PORTLAND
Price summary
- Price:$989,000
About this home
Located in the heart of downtown Vancouver, Washington, this property offers a rare combination of stable in-place income and significant redevelopment upside. Currently operating as a fully leased 3,514 SF office building, the site is already permitted (2023/2024) for a 9-unit apartment project with 3,548 SF of ground-floor commercial space. The heavy lifting of entitlement has been done. Recent building code updates have removed unit count limitations on the site, opening the door for a buyer to expand well beyond the original scope. Using the existing approved plans as a foundation, a new owner could feasibly add 13 or more units, dramatically increasing density and long-term value without starting the entitlement process from scratch.This is a unique window for developers and investors: acquire a cash-flowing asset in a walkable, high-demand downtown core, hold or lease through the interim period, and capitalize on a codified upside that didn't exist when the original plans were drawn. Few opportunities offer this level of built-in optionality — permitted, de-risked, and primed for a density play most sites can't touch. Whether you're looking to execute the current 9-unit + commercial plan or maximize returns with an expanded unit count, this downtown Vancouver property is ready for its next chapter....
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Home facts
- Year built:1939
- Listing ID #:243213175
- Added:52 day(s) ago
- Updated:September 08, 2026 at 03:56 PM
Rooms and interior
- Basement Description:Finished
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1939
- Lot area:0.28 Acres
- Lot Features:Corner Lot
- Foundation Description:Concrete Perimeter
Schools
- High school:Hudsons Bay
- Middle school:Discovery
- Elementary school:Lincoln
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$989,000
- Tax amount:$3,482
Parking
- Total parking spaces:15
- Parking description:On street, Paved
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