440 N 14th Ave
Cornelius, OR 97113
Map
- – beds
- – baths
- – sqft
- 14,810 sqft lot
- – on site
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.
Last checked:
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Last updated May 28, 2025
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MLS# 126704531 —
Financial & Terms
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Bank Owned:false
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Land Lease:false
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Short Sale:false
Location
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Directions:Head north on N 10th Ave from Baseline. Turn left on N Davis Street. Turn right on N 14th Ave.
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Latitude:45.523745
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Longitude:-123.05444
The Property
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Parcel Number:R753624
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Property Type:Land
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Property Subtype:MultiFamily
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Land Description:Level
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Lot Features:CornerLot
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Lot Size Range:SqFt10000to14999
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Lot Size Acres:0.34
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Lot Size SqFt:14810.0
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Zoning:CR
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Current Use:Residential
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View:false
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Waterfront:false
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Soil Condition:Unknown
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Existing Structures:true
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Property Attached:false
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Additional Parcels:false
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Road Frontage:false
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Road Surface Type:Concrete,Paved
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Perc Test Description:None
Listing Agent
- Contact info:
- Agent phone:
- (971) 732-6264
- Office phone:
- (971) 732-6264
Taxes
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Tax Year:2024
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Tax Legal Description:TALBOT'S ADDITION TO CORNELIUS, BLOCK 8, LOT 5-6 & PT 7, ACRES 0.34
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Tax Annual Amount:3203.66
Heating & Cooling
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Heating:false
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Cooling:false
Utilities
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Utilities:CableConnected,ElectricityConnected,PhoneAvailable,PhoneConnected,PublicSewer,WaterAvailable
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Internet Service Type:Cable,FiberOptics
Schools
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Elementary School:Cornelius
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Middle Or Junior School:Tom McCall
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High School:Forest Grove
Parking
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Attached Garage:false
Extra Units
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Other Structures:Residence,ToBeTornDown
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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5/28/25
May 28, 2025
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Price Changed | RMLS | $450,000 | -10.0% |
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5/16/25
May 16, 2025
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Listed / Active | RMLS | $500,000 |
