215 W 5TH ST

Lafayette, 97127

  • Bed

  • Bath

  • SqFt

  • 1 DOM

  • Built:

  • Status: Active

$949,000

X

215 W 5TH ST

Lafayette 97127

$949000

  • Bed

  • Bath

  • SqFt

  • 1 DOM

  • Built:

  • Status: Active

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Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

• 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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Residence Information

  • No

Features and Utilities

Financial

  • 2795.69

  • 0

  • CallListingAgent

  • 10-09-2025

  • No

  • No

Comparable Information

  • 1

  • 1

  • CallListingAgent

  • $949,000

  • $949,000

  • Oct 09, 2025 14:20

Schools

Elementary : Wascher N/A Ratings
Middle : Patton N/A Ratings
High : Dayton N/A Ratings

Map

Listing courtesy of Norris & Stevens Investment Real Estate Services.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Oct 10, 2025 12:15 | Listing last modified Oct 09, 2025 14:20. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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