215 W 5th St

Lafayette, OR 97127

$899,000
Price
281,833 / 6.47
Lot Size / Acres
a view of a swimming pool with a lake view
a view of a city with a lake view
a view of a city
a view of city and ocean
a view of city and mountain
a picture of a city
a picture of a city
a view of a garden
a black and white photo of a park

Description

• 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...• 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.
  1. Listed by David Keys • Norris & Stevens Investment Real Estate Services • DavidK@norris-stevens.com

Property Details for 215 West 5th Street

Zoning
R-2
View
Creek Stream, Trees Woods
LISTING UPDATED: 01/06/2026 02:09 PM

Property Details for 215 West 5th Street

StatusActive
MLS #552806676
Days on Market137
Taxes$2,796 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Multi Family
Year Built-
Lot Size6.47 AC
CountyYamhill County

Location

Listing Courtesy of Norris & Stevens Investment Real Estate Services
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Building Information for 215 West 5th Street

Building Size-Lot Size6.47 AC

Payment Calculator

$4,615 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,382

Property Taxes

$233

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 215 West 5th Street

Summary
Location and General Information
  • Country: US
  • Directions: Pacific Hwy W
  • Road Surface: Gravel, Paved
School Information
  • Elementary School: Wascher
  • High School: Dayton
  • Middle Or Junior School: Patton
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $2,795.69
  • Parcel Number: 122806
  • Tax Legal Description: SEE METES & BOUNDS
Property
Lot Information
  • Acres: 6.47
  • Lot Description: Private, Stream, Trees, Wooded
  • Lot Size Square Feet: 281833.0
  • Current Use: Residential
  • Land Description: Level
  • Lot Size Range: Acres5to7
  • Lot Size: 5 to 6.99 Acres
Property and Assessments
  • Property Sub Type: Multi Family
  • Property Type: Land
Utilities
  • Utilities: Electricity Available, Other, Water Connected
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Creek
  • Existing Structures Description: No Value

Schools near 215 West 5th Street

This home is within Mcminnville School District 40.
Rating
School
Type
Grades
Distance
Wascher Elementary School
Public - K to 5
Patton Middle School
Public - 6 to 8
Mcminnville High School
Public - 9 to 12
Cook Elementary School
Public - K to 5
Rating
School
Distance
Wascher Elementary School
PublicK to 5

Patton Middle School
Public6 to 8

Mcminnville High School
Public9 to 12

Cook Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 215 West 5th Street, Lafayette, OR 97127

215 West 5th Street is a 6.47 ac of land for sale in Lafayette, OR 97127. This property was listed for sale on October 9, 2025 by Norris & Stevens Investment Real Estate Services, it's currently listed at $899,000. This listing's school district is Mcminnville School District 40. Nearby schools include Wascher Elementary School, Patton Middle School and Mcminnville High School. 215 West 5th Street is a 0-bed, 0-bath, 6.47 ac of land on a 281,833 sq. ft. / 6.47 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Norris & Stevens Investment Real Estate Services

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 01/06/2026 02:09 PM