440 N 14th Ave Cornelius, OR 97113
Estimated payment $2,753/month
Highlights
- Corner Lot
- High Speed Internet
- No Heating
- No HOA
About This Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,204
Lot Details
- 0.34 Acre Lot
- Corner Lot
- Level Lot
- Property is zoned CR
Additional Homes
- Residence on Property
Schools
- Cornelius Elementary School
- Tom Mccall Middle School
- Forest Grove High School
Utilities
- High Speed Internet
- Phone Connected
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number R753624
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,204 | $179,030 | -- | -- |
| 2024 | $2,926 | $173,820 | -- | -- |
| 2023 | $2,926 | $168,760 | $0 | $0 |
| 2022 | $2,592 | $168,760 | $0 | $0 |
| 2021 | $2,562 | $159,080 | $0 | $0 |
| 2020 | $2,552 | $154,450 | $0 | $0 |
| 2019 | $2,496 | $149,960 | $0 | $0 |
| 2018 | $2,420 | $145,600 | $0 | $0 |
| 2017 | $2,344 | $141,360 | $0 | $0 |
| 2016 | $2,279 | $137,250 | $0 | $0 |
| 2015 | $2,144 | $133,260 | $0 | $0 |
| 2014 | $2,070 | $129,380 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/28/2025 05/28/25 | Price Changed | $450,000 | -10.0% | -- |
| 05/16/2025 05/16/25 | For Sale | $500,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Ticor Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $117,400 | New Conventional | |
| Closed | $97,000 | Unknown | |
| Closed | $50,000 | Purchase Money Mortgage |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 126704531
APN: R0753624
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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 Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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