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.