1. Oregon
2. Cornelius
3. 440 N 14TH Ave

440 N 14TH Ave, Cornelius, OR 97113

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.

Listing Status:

Active

Date Added:

May 16, 2025 at 05:00AM

Listing Office:

Sunline Realty Group : 971-732-6264

Listing Agent:

Andrew Arthur : 971-732-6264

MLS ID:

126704531

Exterior

• General: ResidenceTo be torn down

Location

Lot

Utilities

Financial

This listing courtesy of Andrew Arthur, Sunline Realty Group