23
See all 23 photos
$3,950,000
Est. payment /mo
7.2 Acres Lot
New
3312 E FERNWOOD RD Newberg, OR 97132
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Key Details
Property Type Vacant Land
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID 709367555
HOA Y/N No
Annual Tax Amount $2,289
Tax Year 2025
Lot Size 7.200 Acres
Property Sub-Type Single Family Residence
Property Description
An attractive 7.2-acre high-density development opportunity in one of Newberg's strongest growth nodes. Zoned R-3, this level site supports a wide array of multi-unit product types: garden-style apartments, stacked flats, condo communities, townhomes, duplexes, triplexes, and more, allowing developers to tailor the project to market conditions. With established apartments directly across the street, infrastructure and utilities are close, reducing off-site costs and accelerating timelines. The corner location at Fernwood & Springbrook offers excellent access and visibility, while the surrounding amenities: shopping, dining, healthcare, trails, golf, and major employers fuel stable rental demand. Currently improved with a single-family home and farmland, the parcel is positioned for redevelopment. Strong demographics, limited supply, and a clear community need for more housing make this a compelling addition to any investment pipeline. Buyer to perform all due diligence with the city and appropriate governing agencies.
Location
State OR
County Yamhill
Area _156
Zoning R-3
Exterior
Utilities Available ElectricityConnected, NaturalGasConnected, SeeRemarks, StandardSeptic, WaterAvailable, Well
View Territorial
Garage No
Building
Lot Description Corner Lot
Schools
Elementary Schools Mabel Rush
Middle Schools Mountain View
High Schools Newberg
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.youtube.com/watch?v=s-ocQ1ib8t0
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