97086 Real Estate Search

97086 Multi-Family Homes for Sale

The real estate landscape in the 97086 area, particularly for multi-family homes, presents a dynamic opportunity for investors and homebuyers alike. This suburban locale, nestled in Clackamas County, offers a diverse range of multi-family properties, from duplexes to larger apartment complexes, catering to various housing demands. With its proximity to urban amenities, excellent schools, and recreational facilities, the 97086 region is an attractive option for families and professionals looking to rent or reside in a well-connected community. Additionally, the steady demand for rental properties in the area reflects a robust market that promises potential returns for those interested in multi-family investments. Navigating the local market can reveal hidden gems that serve both lifestyle needs and investment potential, making it an exciting time to explore real estate options here.

Our website features the best real estate search for multi-family homes available in 97086 and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes. 

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Newest 97086 Multi-Family Homes for Sale

16861 SE TRISTIN AVE, Happy Valley
$290,000
716251873 MLS
Secluded 1.77 acre lot in Happy Valley. This lot is sloped in some areas and flat in others. Build your home and enjoy lovely creek views. Shared well already in place. New access to be through 169th.

16861 SE TRISTIN AVE, Happy Valley
10421 SE QUAILRIDGE DR, Happy Valley
$320,000
315666511 MLS
Discover a rare opportunity in the gated Altamont community of Happy Valley! This premier 0.42-acre homesite offers panoramic views of Mt. St. Helens, the Cascade Mountains, and city lights. Fully improved with utilities and zoned Residential/R20, it’s builder-ready for your dream estate. Very convenient location just minutes to I-205, schools, shopping, and dining, Altamont is renowned for hosting the Street of Dreams—a legacy of luxury and architectural excellence. Your future dream home begins here.

10421 SE QUAILRIDGE DR, Happy Valley
8725 SE 91ST AVE, Happy Valley
$915,000
318473526 MLS
Amazing opportunity to purchase duplex with monthly income and 2nd potential lot! 2 units, both have been updated with granite countertops, and LPV flooring. Duplex was rebuilt in 2005 by insurance company. Newer electrical, plumbing, windows, siding and much more. Huge lot that can be partitioned to either sell or build! Both units are fully furnished, and are being leased for middle housing at over 13k a month! Separate water and electrical meters. Potential to partition extra huge lot! Ask LA about partition docs.

8725 SE 91ST AVE, Happy Valley
Summerfield WAY, Clackamas
$699,000
770436216 MLS
Developable Land in midst of Happy Valley, Oregon. Approximately 2 acres. See attached Multi-Parcel Tax Lot ID. 3 Lots SOLD TOGETHER: 1) R8.5 (~.96 acre) 2) VR57 Open Space (~.92 acre) Adjacent and designated by Clackamas County as Open Space where Buyer to do Due Diligence. 3) VR57 (~.05 acre) and adjacent to (1) for additional access. Buyer to do all Due Diligence. Broker related to Seller.

Summerfield WAY, Clackamas
13733 SE ALDRIDGE RD, Happy Valley
$2,035,000
4 Beds ⋅ 3 Baths ⋅ 244519548 MLS
Set atop one of the highest points in Happy Valley, this proposed modern masterpiece by Park Place Properties LLC offers an unparalleled blend of luxury and lifestyle. The one-acre lot, with its gentle slope, provides a commanding position to take in sweeping, unobstructed views of majestic Mt. Hood. This is more than just a home; it’s a retreat designed to elevate every aspect of your life. The home’s modern design emphasizes clean lines, expansive windows, and seamless indoor-outdoor living. Imagine mornings spent sipping coffee on your private deck as the sun rises over the mountain, or evenings hosting unforgettable gatherings in spaces that flow effortlessly from the open-concept interior to the thoughtfully designed outdoor areas. Every detail of this home is crafted to maximize the natural beauty of its surroundings while offering the ultimate in comfort and sophistication. With a build package offered at $2,035,000, this is your opportunity to collaborate with Park Place Properties LLC to create a home that reflects your unique vision and lifestyle. From the luxurious finishes to the breathtaking views, this property is a rare chance to live at the pinnacle of Happy Valley, both literally and figuratively.

13733 SE ALDRIDGE RD, Happy Valley
10469 SE Quail Ridge DR, Happy Valley
$325,000
206501098 MLS
Custom Luxury Awaits in the Prestigious Gated Altamont Neighborhood of Happy Valley. Located in the highly sought-after Altamont community. Home to Street of Dreams showcases in 1999, 2008, and select homes in 2014. This .35-acre vacant view lot offers a perfect canvas to design your dream estate or build the previously HOA-approved Modern Prairie home plans featured in the photos. Enjoy sweeping Cascade Mountain views, including Mt. St. Helens and Mt. Adams. The sloped design is ideal for daylight or lower-level living with potential for a basement, maximizing panoramic views from main living areas and future decks.All utilities—water, sewer, and electricity are available, ready for your builder to get started. The hillside orientation works with the natural terrain, creating a more cost-effective construction approach by minimizing excavation and complex foundation work. The Modern Prairie design incorporates manufactured roof trusses to help manage construction costs. The lower floor is efficiently integrated within the cripple wall space, expanding usable square footage without adding significant structural expense. Retaining walls have been minimized, located primarily around the garage and front entry, aligning with the home’s placement and planned landscape grading to reduce site development costs. The primary living level features a spacious kitchen, dining area, great room, laundry, primary suite, and three-car garage, perfect for convenient main-level living while leaving flexibility for an expanded lower level.Enjoy the best of Happy Valley with easy access to I-205, top-rated schools, shopping, and dining, all just minutes away. This is your opportunity to create a custom luxury estate with unparalleled views and thoughtful design in one of Happy Valley’s premier gated neighborhoods. Bring us an offer!

10469 SE Quail Ridge DR, Happy Valley
12801 SE Foxwood LN, Happy Valley
$5,500,000
24113199 MLS
The final subdivision of scale in the heart of the fastest growing city in Oregon: The Foxwood Subdivision of Happy Valley has arrived. Sited on a secluded and private bluff, this new neighborhood is directly adjacent to Christilla Commons and across the street from the Happy Valley Town Center and City Hall. Offered here are 25 lots, numbers 1-20 and 25-29, that provide a multitude of possibilities in the flexible MUR-A zone. Larger or smaller bulk lot sale configurations are available. Building permit ready.

12801 SE Foxwood LN, Happy Valley
10986 SE RIDGEWAY DR, Happy Valley
$1,550,000
24128588 MLS
Truly rare opportunity for builders, investors, or developers to own dividable land located at the top of Mt.Scott. Land located in the desirable Happy Valley close to Clackamas Mall, parks, schools. Per city, land can be divided to five lots with variety of opportunities. Buyer to do your own due diligence.

10986 SE RIDGEWAY DR, Happy Valley
10022 SE 172ND AVE, Happy Valley
$3,000,000
22064396 MLS
This 6.06-acre parcel (Tax ID #00137765) is split-zoned Mixed Commercial Center (MCC, ~4 acres) and Mixed Use Residential-Multifamily (MUR-M2, 25–34 units per acre, ~2 acres), offering a buyer two paths: a mixed-use commercial/residential development consistent with the current split zoning, or rezoning the commercial portion to MUR-M2 through a Type III zone change to bring the entire site under MUR-M2 designation. The City is advancing its own commercial development to the south and has signaled it would not want this site competing with that effort — as a result, City staff have indicated willingness to support a zone change eliminating the commercial designation here in favor of multifamily. A prior development team took a 184-unit mixed-use concept through a full City Pre-Application Conference in 2024, so the planning groundwork and the City's disposition toward a rezone are already established for an incoming buyer. The site is level, with approximately ±300 feet of frontage on SE 172nd Avenue and access aligning to SE Huckleberry Street. An intermittent creek runs through the back (northeast) corner of the property, affecting roughly one acre between the waterway and its required buffers. A wetland determination identified a few additional wetland areas approximately 0.14 acres on-site, all minor and addressable through standard mitigation. The home is tenant-occupied — ALTA survey, wetland reports, and all City pre-application materials are available.

10022 SE 172ND AVE, Happy Valley
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The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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