Mini Mobile Home Park
8720 SE CLATSOP St Happy Valley, OR 97086
For Sale
$639,900
MULTI_FAMILY - HappyValley, OR
Property Size3,888 SF
Lot Size0.40 Acres
Price / SF$164.58
Days on Market142
Property Features for 8720 SE CLATSOP St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MR1
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 6, Bathroom 3, Bathroom 5, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 1, Bathroom 6, Bedroom 3
- Standard status
- Active
- APN
- 04002351,04002352
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Description
- 12E28BA00300
- Tax Annual Amount
- 4522
Building Details
- Year built
- 2018
- Floors in Building
- 1
- Number of units
- 4
- Roof type
- Composition
Listing Agency:
MORE Realty
(503) 353-6673
Listed By:
Guo Chen · License #201212214
(971) 678-2509
Added: Mar 5
Changed: Jul 24
Last Checked: Jul 25 at 2:06AM
MLS# 426716270
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 property represents an investment opportunity with a former four-space mini mobile home park situated on a 0.40-acre parcel. There are currently three manufactured homes on the property, all owned by the seller and included in the sale. Two of the homes were built in 2018 and feature 3 bedrooms and 2 bathrooms. The third home was built in 1971 and may offer the option for removal or replacement. One of the four spaces is currently vacant. The combined size of the three existing manufactured homes is 3,888 square feet. The property is located in a convenient location with easy access to I-205. The property is zoned MR1, indicating high-density residential, which may allow apartment development. Potential uses include continuing operation as a rental investment, selling the two newer manufactured homes separately, or exploring future development potential. Buyers are advised to perform their own due diligence and verify all uses.
Key Highlights
- 0.40‑acre property formerly a 4‑space mini mobile home park with one currently vacant home site
- Three existing manufactured homes included in the sale; listed 3,888 sq ft reflects combined size
- Two homes built in 2018, each approx. 28' x 48' with 3 bedrooms and 2 bathrooms
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
Property Profile
Location Intelligence
Current Use by Public Records
Mini Mobile Park
Campground & RV Park
FAQs
What type of property is this?
Mobile home & RV park - Four-space mobile home park with development potential in Happy Valley.
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: 0.40‑acre property formerly a 4‑space mini mobile home park with one currently vacant home site; Three existing manufactured homes included in the sale; listed 3,888 sq ft reflects combined size; Two homes built in 2018, each approx. 28' x 48' with 3 bedrooms and 2 bathrooms
