Duplex with Detached
For Sale
$650,000
13661 SE ELLEN DR, Clackamas, OR 97015
Two residences have separate electric meters, with recent roof, paint, and water-heater improvements.
Property Size2,400 SF
Days on Market17
Property Features for 13661 SE ELLEN DR
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
3
Property subtype
MULTI_FAMILY
Units
Unit Mix
1 x 3BR/3BA, 1 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
electricity
Taxes and HOA fees
Annual Taxes
$7,228
Amenities
fireplace
balcony
in-unit washer/dryer
Building Details
Building Size
2,400 SF
Year Built
1998
Buildings
2
Listing Agency:
John L. Scott
Listed By:
Corie Gosse
(503) 320-7468
Source:
Eleeterealestate
Added: Oct 19
Changed: Nov 3
Last Checked: Nov 3 at 8:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John L. Scott
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Investment Insights
Based on property information with market context.
Built in 1998, the property pairs a three-bedroom, three-bath main residence with a separate two-bedroom, one-bath ADU above an oversized three-car garage. The 720-square-foot ADU has a fireplace, balcony access, in-unit laundry, and garage space. Electric service is separately metered for the two residences, and appliances are included. Recent work covers the roof, interior and exterior paint, and water heaters. The property has no HOA.
Nearby destinations include Happy Valley food carts, shops, restaurants, parks, and the library.
Nearby destinations include Happy Valley food carts, shops, restaurants, parks, and the library.
Key Highlights
- Main residence has 3 bedrooms and 3 full baths
- 720 sq ft ADU has 2 bedrooms and 1 bath
- Detached ADU sits above an oversized 3‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,816
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,320
$616.3K
Cap Rate 7%
$440,229
$440.2K
Cap Rate 9%
$342,400
$342.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$59.0K $24.60/SF
− Vacancy
−$3.0K −$1.25/SF
EGI
$56.0K $23.35/SF
− OpEx
−$25.2K −$10.51/SF
NOI
$30.8K $12.84/SF
Area
Clackamas County, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,320
Cap Rate 7%
$440,229
Cap Rate 9%
$342,400
Alternative Uses
Best Use
Apartment 5plus
$440.2K
$385.2K – $513.6K
NOI $30,816 @ 7.0% cap · market cap 4.74%
Second Best
Multifamily LT 5
$430.7K
$376.8K – $502.5K
NOI $30,147 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$647.8K
$566.8K – $755.8K
NOI $45,347 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
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Business Placement
Demographics for 97015, OR
23,265
Population
9,420
Households
2.5
Avg Household Size
37
Median Age
31%
College-Educated
92%
High-School Grad
8.8 sq mi
ZIP Area
2,644
Density / Sq Mi
$82,865
Median Household Income
$48,808
Median Earnings
$1,778
Median Rent
$491,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences have separate electric meters, with recent roof, paint, and water-heater improvements.
Where is this duplex located?
The property is located at 13661 SE ELLEN DR Clackamas, OR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Main residence has 3 bedrooms and 3 full baths; 720 sq ft ADU has 2 bedrooms and 1 bath; Detached ADU sits above an oversized 3‑car garage
