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    8719 SE Monterey Ave Happy Valley, OR 97086

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    For Sale
    $5,000,000

    Transit-oriented, 52-unit apartment complex in a high-growth Portland submarket.

    Property size:
    28,398 SF

    Property Features for 8719 SE Monterey Ave

    General Information

    Size
    28,398 SF

    Building Details

    Year built
    2010

    Source: Hugh Holtman Agent Hugh Holtman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Happy Valley Multifamily Investment Opportunity

    Town Center Station Apartments is a well-maintained, transit-oriented affordable housing property located in the Happy Valley submarket of the Portland metro area. Constructed in 2010, this 52-unit community offers a mix of studio and one-bedroom apartments. The property benefits from local demographics, walkability, and proximity to retail, employment centers, and public transportation. The property is located across the street from Clackamas Town Center Mall and is near the Fuller MAX light rail station, providing access to downtown Portland. The units are designated for workforce housing. The property is situated in the Happy Valley/Clackamas submarket, one of the fastest-growing areas in Oregon, with job growth and demand for rental housing. The property has historically high occupancy rates, supported by a limited supply of comparable rental housing in the immediate area. The property offers immediate cash flow with upside potential through revenue optimization. Nearby employment hubs include Clackamas Town Center, Kaiser Permanente Sunnyside Medical Center, and Clackamas Community College. The property contains 28398 square feet.
    Location Intelligence

    Current Use by Public Records

    Town Center Station ... Apartment Building

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Happy Valley
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.5731685
    Latitude
    45.4387836

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    FAQs

    What type of property is this?
    Apartment building - Transit-oriented, 52-unit apartment complex in a high-growth Portland submarket.
    Where is this apartment building located?
    The property is located at 8719 SE Monterey Ave Happy Valley, OR.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - Prime location in the high-growth Happy Valley/Clackamas submarket with strong job growth and rental demand.; - Transit-oriented development with proximity to the Fuller MAX light rail station, providing access to Portland.; - Historically high occupancy rates due to limited comparable rental housing.
    (503) 799-0447
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8719 SE Monterey Ave Happy Valley, OR 97086
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