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    215 5Th St Lafayette, OR 97127

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    For Sale
    $950,000

    Development property with engineered plans for multi-family projects.

    Lot size:
    6.36 Acres

    Property Features for 215 5Th St

    General Information

    Lot size
    6.36 Acres

    Source: Miller Consulting Group, LLC Agent Mary Martin Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lafayette Multi-Family Development Opportunity

    This 6.36-acre multi-family development property is located inside the city limits of Lafayette. The property features mature trees and is situated near a creek. It is located less than 0.5 miles from Lafayette City Hall and offers convenient access to Hwy 99 W. Approximately half of the acreage is developable. The seller has engineered plans available for 30 and 51-unit projects. The existing residential dwelling on the property is considered to have no value.
    Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Yamhill
    State
    Oregon
    Longitude
    -123.1192381
    Latitude
    45.2460988

    FAQs

    What type of property is this?
    Land - Development property with engineered plans for multi-family projects.
    Where is this land located?
    The property is located at 215 5Th St Lafayette, OR.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Development opportunity within Lafayette city limits.; - Two engineered plans available for 30 or 51-unit projects.; - Convenient location: less than .5 miles to Lafayette City Hall.
    (503) 740-9200
    Request Owner's contact information
    215 5Th St Lafayette, OR 97127
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    Lafayette, OR 97127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    215 5Th St Lafayette, OR 97127
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