215 W 5th St

Lafayette, OR 97127
  • $949,000

    Price
  • 0

    Bed
  • Bath
  • 0

    SqFt

About the Listing NORS01 - KEYSDAVI

• 50+ Unit Potential Confirmed: Seller has two engineered plans that demonstrate feasibility for a 51-unit project and a 30-unit project, showcasing the site's potential for meaningful scale and helping buyers visualize a clear development path.• R-2 Zoning (Medium-Density Residential): Allows for flexible residential development such as duplexes, townhomes, or small multi-family units — attractive to developers seeking attainable housing options.• Proximity to 99W and Regional Access: Adjacent to Highway 99W, offering quick connectivity to McMinnville (± 9 minutes), Newberg (± 14 minutes), Salem (± 35 minutes), and Portland (± 55 minutes).• Level, Infill Lot: The site’s relatively flat topography reduces site preparation costs. As an infill parcel, it's surrounded by existing infrastructure and services.• Utilities Available at Street: Access to water, sewer, and power nearby can streamline permitting and reduce development costs.• Growing Housing Demand in Yamhill County: Lafayette is part of a region experiencing housing growth pressure, making it appealing for residential developers or small-scale builders.• Walkable Location: Proximity to schools, parks, and local amenities — a selling point for future residents and developers focused on livability.• Largest R-2 Zoned Vacant Parcel in Lafayette: Represents the largest available medium-density residential site within city limits, offering a rare opportunity for a developer to deliver a high-impact multifamily or mixed housing project.

Listing Highlights for 215 W 5th St

Status Active
Days on Site 13
Property Type Vacant Land
MLS ® 552806676
Year Built
Total Square Footage 0
Lot/Acreage 6.47
County Yamhill
Elementary School Wascher
Middle School Patton
High School Dayton

Interior Details

  • Bedrooms: 0
  • Bathrooms: Full
  • Appliances:
  • Air Cond:
  • Heating:
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Lot Description: Level,Private,Stream,Trees,Wooded,Creek
  • Garage Capacity: N/A
  • Zoning: R-2
  • Roof:
  • Others:
  • Sewer:

Financial Details

  • Tax Amount: $2,796
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 122806
  • Tax Year: N/A

Payment Calculator

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Listing Location

Questions About..

215 W 5th St Lafayette, OR 97127

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Originating MLS: Regional Multiple Listing Service, Inc.

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