215 W 5th St, Lafayette, OR 97127

Local realty services provided by:ERA Freeman & Associates, Realtors
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

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Home facts

  • Listing ID #:552806676
  • Added:18 day(s) ago
  • Updated:October 26, 2025 at 11:19 AM

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)
MLS LogoAll 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 ERA Freeman & Associates, Realtors 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 26, 2025

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