Newberg, OR 97132,3312 E FERNWOOD RD
Newberg, OR 97132,3312 E FERNWOOD RD
Newberg, OR 97132,3312 E FERNWOOD RD
23
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$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

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Regional Multiple Listing Service (RMLS)

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Alice Hsing

Alice Hsing

Agent | License ID: 201239640

+1(503) 880-6842

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3312 E FERNWOOD RD