440 N 14TH AVE

Cornelius, 97113

  • Bed

  • Bath

  • SqFt

  • 12 DOM

  • Built:

  • Status: Active

$450,000

Price cut: $50K (05-28-2025)

X

440 N 14TH AVE

Cornelius 97113

$450000

Price cut: $50K (05-28-2025)

  • Bed

  • Bath

  • SqFt

  • 12 DOM

  • Built:

  • Status: Active

Krishna Regupathy

Principal Broker

(503) 893-8874

Welcome to 440 N 14th Ave, a rare infill opportunity in the heart of rapidly growing Cornelius. This 14,810 sq ft (0.34-acre) lot is zoned Core Residential (CR), allowing for a wide range of housing types including townhomes, duplexes, and multifamily options. A preliminary pro forma outlines a potential 8-unit townhome development with each unit projected to sell at $435,000, offering a total revenue potential of $3.48 million and a projected 15% profit margin or $522,000. The property currently features a 2-bedroom, 1-bath, 1,435 sq ft home that could generate rental income during the permitting phase. With utility as-builts available and city water and sewer at the site, this parcel is ready for transformation. Located just minutes from schools, parks, and the Cornelius town center, and in a community seeing strong household income growth and increased housing demand, this site is ideal for developers or investors seeking a turnkey build opportunity in a thriving market.

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