Building Details

Building Size 8,100 SF

Year Built 1977

Tenancy Multi

Listing Agency: Elite Realty & Associates LLC

Listed By: Connie Brockway · License #201210511 Show Phone

Source: Eleeterealestate

Added: Feb 19 Changed: Oct 11 Last Checked: Oct 13 at 1:52AM

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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 Elite Realty & Associates LLC

Investment Insights

Based on property information with market context.

This 10-unit apartment complex in Clackamas County consists of individual 2 bed, 1 bath apartments with washer/dryer hookup in each unit. The property has been 80% updated, including electric gate access and fenced perimeter. Updates also include new windows and exterior doors across all units, as well as improved kitchens, lighting, paint, flooring, bathrooms, and electrical panels in eight units.

The property is situated on approximately 0.89 acres. Zoning is identified as HDR, and the buyer is to verify zoning details and future possibilities with the city.

Electric-gated, fenced site configuration supports straightforward day-to-day access, while the uniform unit mix and in-unit laundry hookups may appeal to tenants seeking functional, updated interiors.

Key Highlights

• 10‑unit apartment complex in Clackamas County (Year built 1977), each unit with 2 bed/1 bath layout
• Washer/dryer hookups in each unit
• 0.89‑acre property with future possibilities; zoning HDR—buyer to verify with city

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$104,004

Cap Rate

5.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,080,080 $2.1M

Cap Rate 7%

$1,485,771 $1.5M

Cap Rate 9%

$1,155,600 $1.2M

Market Conditions

NOI Build-Up for 8,100 SF

Gross rent

$199.3K $24.60/SF

− Vacancy

−$10.2K −$1.25/SF

EGI

$189.1K $23.35/SF

− OpEx

−$85.1K −$10.51/SF

NOI

$104.0K $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%

$2,080,080

Cap Rate 7%

$1,485,771

Cap Rate 9%

$1,155,600

Alternative Uses

Best Use

Apartment 5plus

$1.49M

$1.30M – $1.73M (±1% cap)

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 (±1% cap)

NOI $153,047 @ 7.0% cap · market cap 7.66%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Barber Shop Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10

Residential units

Multi-tenant

Tenancy

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

754

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Clackamas County 10-unit complex with 2 bed/1 bath layouts and washer/dryer hookups, featuring major updates and gated access.

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: 10‑unit apartment complex in Clackamas County (Year built 1977), each unit with 2 bed/1 bath layout; Washer/dryer hookups in each unit; 0.89‑acre property with future possibilities; zoning HDR—buyer to verify with city