215 W 5th St, Lafayette, OR 97127
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
215 W 5th St,Lafayette, OR 97127
$949,000
- 6.47 Acres
- Lots / Land
- Active
Listed by:david keys
Office:norris & stevens investment real estate services
MLS#:552806676
Source:PORTLAND
Price summary
- Price:$949,000
About this home
• 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.
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Home facts
- Listing ID #:552806676
- Added:1 day(s) ago
- Updated:October 09, 2025 at 10:19 PM
Structure and exterior
- Lot area:6.47 Acres
Schools
- High school:Dayton
- Middle school:Patton
- Elementary school:Wascher
Utilities
- Water:Water Connected
Finances and disclosures
- Price:$949,000
- Tax amount:$2,796 (2024)
All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate Realty Partners are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: October 9, 2025New listings near 215 W 5th St
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