$899000

Price cut: $50K (01-06-2026)

Bed
Bath
SqFt
89 DOM
Built:
Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

• 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 Provided Courtesy of David Keys, Norris & Stevens Investment Real Estate Services

General Information

MLS #552806676
TypeMultiFamily
Days on Market 89 DOM
Beds
Lot Size 6.47 acres
Baths
SqFt
Year built
ZoningR-2
CountyYamhill
Tax ID122806
ElemWascher 6/10
MiddlePatton
HighDayton
PropCategoryLand
PropTypeMultiFamily
Neighborhood (Legal)SEE METES & BOUNDS

Listing Provided Courtesy of David Keys, Norris & Stevens Investment Real Estate Services

Krishna Realty data last checked: Mar 16, 2026 14:38 | Listing last modified Jan 06, 2026 14:09, Source:

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Residence Information

Upper SqFt
Main SqFt
Lower SqFt
Total SqFt
SFSrc
TotUp/Mn
Fireplaces
Bdrms
Full Bath
Partial Bath
Total Bath
Roof
Garage
Style
Parking
Levels
Year Built
Green CertNo
Energy Eff
Exterior
Bsmt/Fnd
RV
URM
Basement
Foundation
Windows
Amenities

Features and Utilities

Living
Kitchen
Interior
Exterior
Accessibility
Cool
Water
Heat
Sewer
Hot Water
Fuel

Financial

PTax/Yr2795.69
HOA0
HOA Incl
HOA Fee
Other Dues
Terms ConsideredCallListingAgent
List Date10-09-2025
Rent (If Rented)
Bank Owned/REONo
Short SaleNo

Comparable Information

Pending Date
DOM 89
CDOM 158
Sold Date
TermsCallListingAgent
Original Price$949,000
List Price$899,000
Sold Price
Last ModifiedJan 06, 2026 14:09

Schools

public Elementary : Wascher 6/10 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. Krishna Realty data last checked: Mar 16, 2026 14:38 | Listing last modified Jan 06, 2026 14:09. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

215 W 5TH ST