Development Land with Existing
For Sale
$7,500,000
22770 SW ELWERT RD, Sherwood, OR 97140
Zoned low-density residential with multifamily redevelopment requiring a zoning change and sewer connection planning.
Property SizeContact for details
Lot Size13.82 Acres
Days on Market397
Property Features for 22770 SW ELWERT RD
General Information
Standard status
Active
Lot size
13.82 Acres
Property subtype
Multi Family
Zoning
low density residential
Taxes and HOA fees
Annual Taxes
$20,731
Listing Agency:
Premiere Property Group, LLC
(503) 869-3513
Listed By:
Jeffry Wiren · License #200405349
Source:
Realestatepdx
Added: Jul 10, 2025
Changed: Aug 8
Last Checked: Jul 1 at 12:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premiere Property Group, LLC
Investment Insights
Based on property information with market context.
This offering includes a 13.82-acre parcel with an existing lodge on site. The current zoning is low density residential, and any multifamily development would require a zoning change. Seller remarks indicate positive indication from the City of Sherwood regarding the zoning change, though no pre-application conference or formal discussions have been conducted.
The seller will be considering bids with a development plan that addresses key site and utility requirements. The buyer is asked to work with the seller to minimize impact of daily operations of the lodge. The plan should also include removal and decommissioning of the existing septic tank and connect the lodge to sewer.
Additional site planning expectations include gated road access from the development of the 13.82-acre parcel to a 4.89-acre parcel. The seller states special consideration will be given to buyers who demonstrate knowledge and experience working with the City of Sherwood to develop property. Due diligence is requested to be no more than 60 days, with significant earnest money structured as non-refundable and released to the seller at the end of the due diligence period. The seller is seeking the buyer’s highest and best offer.
The seller will be considering bids with a development plan that addresses key site and utility requirements. The buyer is asked to work with the seller to minimize impact of daily operations of the lodge. The plan should also include removal and decommissioning of the existing septic tank and connect the lodge to sewer.
Additional site planning expectations include gated road access from the development of the 13.82-acre parcel to a 4.89-acre parcel. The seller states special consideration will be given to buyers who demonstrate knowledge and experience working with the City of Sherwood to develop property. Due diligence is requested to be no more than 60 days, with significant earnest money structured as non-refundable and released to the seller at the end of the due diligence period. The seller is seeking the buyer’s highest and best offer.
Key Highlights
- 13.82‑acre parcel included in the sale, with gated road access planned to the adjacent 4.89‑acre parcel
- Current zoning is low‑density residential; multifamily redevelopment will require a zoning change
- City of Sherwood has shown positive indication regarding the zoning change (no formal pre‑app conference or discussions yet)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
Demographics for 97140, OR
28,365
Population
9,540
Households
3
Avg Household Size
38
Median Age
48%
College-Educated
95%
High-School Grad
44.6 sq mi
ZIP Area
636
Density / Sq Mi
$119,241
Median Household Income
$58,718
Median Earnings
$1,934
Median Rent
$618,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Zoned low-density residential with multifamily redevelopment requiring a zoning change and sewer connection planning.
Where is this residential land & home lot located?
The property is located at 22770 SW ELWERT RD Sherwood, OR.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 13.82‑acre parcel included in the sale, with gated road access planned to the adjacent 4.89‑acre parcel; Current zoning is low‑density residential; multifamily redevelopment will require a zoning change; City of Sherwood has shown positive indication regarding the zoning change (no formal pre‑app conference or discussions yet)
