8460 SE CLATSOP ST, Happy Valley, OR 97086
- $965,000
- List Price
- $965,000
- Price Change
- ▼ $10,000 1782603356
- Days on Market
- 73
- MLS#
- 787309065
- Property Type
- Multifamily
- Lot Size
- 15, 000 to 19, 999 SqFt
- Region
- Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada
- Status
- ACTIVE
Property Description
Priced under $1M in the high-barrier Portland metro market, this stabilized 12-space mobile home park delivers immediate cash flow on city water and city sewer, with significant value-add upside through infilling remaining vacancies with high-demand tiny homes or RVs. Strategically situated in Clackamas County, the asset circumvents strict Multnomah County rent regulations while maintaining a highly desirable, close-in location. Furthermore, its under-30-space exemption unlocks a massive regulatory advantage, legally permitting a 9.5% rent increase in 2026 – significantly outperforming the 6% cap imposed on larger parks. Operational overhead is exceptionally low with 100% tenant-paid utilities and a brand-new electrical infrastructure completed in 2025. This turnkey investment is further enhanced by flexible seller financing available at 50% down.
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Additional Information
- Tax Amount
- $5,083
- Year Built
- 1985
- High School
- Milwaukie
- Elementary School
- Lewelling
- Middle School
- Rowe
- Acres
- 0.35
- Terms
- Call Listing Agent, Cash, Contract, Conventional, Owner Will Carry
- Fuel Description
- Electricity
- Heating Description
- Wall Heater
- Hoa Rent Includes
- None
- Exterior Description
- Other
- Sewer Description
- Public Sewer
- Parking
- Off Street, Paved
- Parking Description
- Off Street, Paved
- Road Surface
- Paved
- Number Of Units Total
- 12
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 1
- Unit Type One Rent
- 1500
- Unit Type One Sq Ft
- 390
- Unit Type One Units Total
- 12
Mortgage Calculator
Listing courtesy of Columbia Equity Advisors.
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