Former Four-Site Mobile Home
8720 SE CLATSOP ST Happy Valley, OR 97086
8720 SE CLATSOP ST, Happy Valley, OR, 97086
$639,900
For Sale
$639,900
Former 4-space mini mobile home park with three included manufactured homes and one vacant home site on 0.40 acres.
Property Size3,888 SF
Lot Size0.40 Acres
Price / SF$164.58
Days on Market138
Property Features for 8720 SE CLATSOP ST
General Information
- Standard status
- Active
- Size
- 3,888 SF
- Lot size
- 0.40 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2018
Listing agency
MORE Realty
(503) 915-2774
Listed by
Evelina Shakin
(503) 915-2774
Source
Premierepropertygroup
Added: Mar 5 Updated: Jul 20 at 4:23PM Checked: Jul 21 at 3:19AM
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 MORE Realty
Investment Insights
Based on property information with market context.
This former four-space mini mobile home park sits on a 0.40-acre parcel and is set up for four home sites, with one space currently vacant. The sale includes three manufactured homes totaling 3,888 square feet, all owned by the seller.
Two of the homes were built in 2018 and each is approximately 28' x 48', featuring 3 bedrooms and 2 bathrooms. The third home was built in 1971 and may offer an option for removal or replacement.
County zoning indicates high-density residential, which may allow apartment development, and buyers should verify all uses through their own due diligence. The property has easy access to I-205.
Two of the homes were built in 2018 and each is approximately 28' x 48', featuring 3 bedrooms and 2 bathrooms. The third home was built in 1971 and may offer an option for removal or replacement.
County zoning indicates high-density residential, which may allow apartment development, and buyers should verify all uses through their own due diligence. The property has easy access to I-205.
Key Highlights
- Former 4‑space mini mobile home park on a 0.40‑acre lot with three existing manufactured homes plus one currently vacant home site
- Includes three seller‑owned manufactured homes: two built in 2018 (each approximately 28' x 48', 3BR/2BA) and one built in 1971 (2BR/2BA)
- Combined listed size is 3,888 SF for the three existing manufactured homes included in the sale
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 | $95.6k | $24.60 |
| − Vacancy | −$4.9k | −$1.25 |
| EGI | $90.8k | $23.35 |
| − OpEx | −$40.8k | −$10.51 |
| NOI | $49.9k | $12.84 |
3,888 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$713.2K
$624.0K – $832.0K
NOI $49,922 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$918.3K – $1.22M
NOI $73,463 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mini Mobile Park
Campground & RV Park
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - Former 4-space mini mobile home park with three included manufactured homes and one vacant home site on 0.40 acres.
Where is this mobile home & rv park located?
The property is located at 8720 SE CLATSOP ST Happy Valley, OR.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Former 4‑space mini mobile home park on a 0.40‑acre lot with three existing manufactured homes plus one currently vacant home site; Includes three seller‑owned manufactured homes: two built in 2018 (each approximately 28' x 48', 3BR/2BA) and one built in 1971 (2BR/2BA); Combined listed size is 3,888 SF for the three existing manufactured homes included in the sale
