10-Unit Apartment
8856 SE JANNSEN Rd Clackamas, OR 97015
8856 SE JANNSEN Rd, Clackamas, OR, 97015
$1,998,000
For Sale
$1,998,000
MULTI_FAMILY - Clackamas, OR
Property Size8,100 SF
Lot Size0.89 Acres
Price / SF$246.67
Days on Market153
Property Features for 8856 SE JANNSEN Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- HDR
- Bedrooms
- 10
- Bathrooms
- 5
- Rooms
- Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 9, Bathroom 3, Bedroom 10, Bathroom 2, Bathroom 4, Bathroom 5, Bedroom 4, Bedroom 5, Bedroom 8, Bathroom 1
- Standard status
- Active
- APN
- 00473268
- Size
- 8,100 SF
- Lot size
- 0.89 Acres
Taxes and HOA fees
- Tax Description
- SECTION 09 TOWNSHIP 2S RANGE 2E QUARTER BD TAX LOT 03300
- Tax Annual Amount
- 14318
Utilities
- Heating system
- Baseboard
Building Details
- Year built
- 1977
- Floors in Building
- 2
- Number of units
- 10
- Roof type
- Composition
Listing agency
Elite Realty & Associates LLC
(503) 658-4101
Listed by
Connie Brockway · License #201210511
(503) 544-1196
Added: Feb 19 Updated: Jul 21 at 7:03PM Checked: Jul 22 at 8:06PM
MLS# 164693040
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 10-unit apartment complex consists of ten 2-bedroom, 1-bath units, each with washer/dryer hookup. The property sits on a 0.89-acre lot and has been approximately 80% updated, including an electric gate and fenced perimeter. Improvements also include updated windows and exterior doors across all units, and updated kitchens, lighting, paint, flooring, and bathrooms in eight units, along with electrical panel updates.
The property is located in Clackamas County, Oregon. The listing indicates HDR zoning, and buyers are instructed to verify allowable uses with the city.
For prospective buyers, the combination of partially completed upgrades and multi-unit configuration provides a straightforward base for managing and continuing the renovation scope, subject to confirmation of future possibilities with the local jurisdiction.
The property is located in Clackamas County, Oregon. The listing indicates HDR zoning, and buyers are instructed to verify allowable uses with the city.
For prospective buyers, the combination of partially completed upgrades and multi-unit configuration provides a straightforward base for managing and continuing the renovation scope, subject to confirmation of future possibilities with the local jurisdiction.
Key Highlights
- Clackamas County 10‑unit apartment complex; each unit is 2 bed / 1 bath with washer/dryer hookup
- 0.89‑acre property with 80% updates, including electric gate and fenced perimeter
- 8 units have updated kitchens, lighting, paint, flooring, and updated bathrooms
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $199.3k | $24.60 |
| − Vacancy | −$10.2k | −$1.25 |
| EGI | $189.1k | $23.35 |
| − OpEx | −$85.1k | −$10.51 |
| NOI | $104.0k | $12.84 |
8,100 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.49M
$1.30M – $1.73M
NOI $104,004 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $153,047 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Ten 2-bed, 1-bath units with washer/dryer hookups on a 0.89-acre site in Clackamas County.
Where is this apartment building located?
The property is located at 8856 SE JANNSEN Rd Clackamas, OR.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: Clackamas County 10‑unit apartment complex; each unit is 2 bed / 1 bath with washer/dryer hookup; 0.89‑acre property with 80% updates, including electric gate and fenced perimeter; 8 units have updated kitchens, lighting, paint, flooring, and updated bathrooms
