REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Sunline Realty Group
$ 500,000
Est. payment | /mo
0.34 Acres Lot
$ 500,000
Est. payment | /mo
0.34 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 126704531
Annual Tax Amount $3,203
Tax Year 2024
Lot Size 0.340 Acres
Property Sub-Type Multi Family
Property Description
Welcome to 440 N 14th Ave, a rare infill opportunity in the heart of rapidly growing Cornelius. This 14,810 sq ft (0.34-acre) lot is zoned Core Residential (CR), allowing for a wide range of housing types including townhomes, duplexes, and multifamily options. A preliminary pro forma outlines a potential 8-unit townhome development with each unit projected to sell at $435,000, offering a total revenue potential of $3.48 million and a projected 15% profit margin or $522,000. The property currently features a 2-bedroom, 1-bath, 1,435 sq ft home that could generate rental income during the permitting phase. With utility as-builts available and city water and sewer at the site, this parcel is ready for transformation. Located just minutes from schools, parks, and the Cornelius town center, and in a community seeing strong household income growth and increased housing demand, this site is ideal for developers or investors seeking a turnkey build opportunity in a thriving market.
Location
State OR
County Washington
Area _152
Zoning CR
Exterior
Utilities Available CableConnected, ElectricityConnected, PhoneAvailable, PhoneConnected, PublicSewer, WaterAvailable
Garage No
Building
Lot Description Corner Lot
Schools
Elementary Schools Cornelius
Middle Schools Tom Mccall
High Schools Forest Grove
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
