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

Love this home?

Venkatesan Muthu

Broker

(971) 330-1856

• 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.

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

Similar Properties

$435,000

  • 4 Bed

  • 2 Bath

  • 1512 SqFt

  • 108 DOM

  • 435 5TH ST, Lafayette, 97127

$340,000

  • 2 Bed

  • 1 Bath

  • 1050 SqFt

  • 15 DOM

  • 190 S JEFFERSON ST, Lafayette, 97127
Open Sat, Oct 11th, 1PM to 3PM

$595,000

  • 3 Bed

  • 2 Bath

  • 2030 SqFt

  • 1 DOM

  • 211 E 16TH ST, Lafayette, 97127

$475,000

  • 4 Bed

  • 2.5 Bath

  • 2446 SqFt

  • 7 DOM

  • 1236 CRAMNER ST, Lafayette, 97127

Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.

— Jagathishp

Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.

— Vignesh Chan

Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.

— Praveen

Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.

— Alishetty

Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.

— Ramren Garajan

Thinking about buying or selling. Let’s Talk.

Whether you’re looking to buy your dream home, sell your property for the best price, or explore investment opportunities, PDXA1 Realty Group is here to help. With expertise, personalized service, and a commitment to your goals, we’ll guide you every step of the way. Contact us today at (971) 330-1856 let’s start the conversation!

Contact Us

© PDXA1 Realty Group  |   Powered by Taigha

Login to continue

Email field required!
Password field required!
Show password

Forgot your password?

Reset your password?

You will receive a link to the entered email address to create a new password

Error message here!

Back to login

Sign up with Email