11
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Listed by Columbia Equity Advisors
$975,000
Est. payment /mo
0.35 Acres Lot
New
8460 SE CLATSOP ST Happy Valley, OR 97086
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 787309065
Year Built 1985
Annual Tax Amount $5,083
Tax Year 2025
Lot Size 0.350 Acres
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.
Location
State OR
County Clackamas
Area _145
Zoning R5
Interior
Heating Wall Heater
Exterior
Garage No
Building
Lot Description Level
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Lewelling
Middle Schools Rowe
High Schools Milwaukie
Others
Acceptable Financing CallListingAgent, Cash, Contract, Conventional, OwnerWillCarry
Listing Terms CallListingAgent, Cash, Contract, Conventional, OwnerWillCarry
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