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32926474
32926475

8460 Southeast Clatsop Street, Happy Valley, OR 97086

KG
OR OR 201239533
Columbia Equity Advisors
Listed by Columbia Equity Advisors
$975,000
10 days on market
Updated 10 days ago
Opportunity zone

8460 Southeast Clatsop Street

Details
Property Type Mobile Home Park
Units 12
NOI $127,342
Occupancy 60%
Pro-Forma Cap Rate 9.91%
Pro-Forma NOI $96,626
Acreage 0.350
Zoning R-5
Parking Spaces per unit

12 Spaces in Portland Metro for under $1M! Seller Financing Available!

Investment highlights

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.

Listing Contacts

KG
OR OR 201239533
Columbia Equity Advisors
Listed by Columbia Equity Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$127,342.00
$10,611.83/mo

Valuation Metrics

0
DSCR
13.06%
Cap Rate
13.06%
ROI

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Additional Information

Name
Keesa Garcia
License
OR 201239533
Brokerage
Columbia Equity Advisors
Brokerage Phone
5033200612
Title
Broker
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