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10-Unit Apartment Complex with Updates

8856 SE Jannsen Road Clackamas, OR 97015

8856 SE Jannsen Road, Clackamas, OR, 97015
$2,048,000
For Sale
Claim this Listing
$2,048,000

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

Property Size8,100 SF
Lot Size0.89 Acres
Price / SF$252.84
AddedDec 5, 2025
Days on Market222
Last RefreshJul 14 at 2:51 am

Property Features for 8856 SE Jannsen Road

General Information

Standard status
Active
Size
8,100 SF
Lot size
0.89 Acres
Property subtype
Multi-family

Building Details

Year Built
1977

Listing office Elite Realty & Associates LLC

Listing date Dec 5, 2025

Source Century21northhomes

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

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 $199.3k $24.60
− Vacancy −$10.2k −$1.25
EGI $189.1k $23.35
− OpEx −$85.1k −$10.51
NOI $104.0k $12.84
8,100 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.49M
$1.30M – $1.73M (±1% cap)
NOI $104,004 @ 7.0% cap · market cap 5.08%
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 7.47%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Barber Shop Skin Care Clinic (Bike/Boat/Book/etc) Store Bakery Gym & Fitness Center (Bike/Boat/Book/etc) Store

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

FAQs

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 Road Clackamas, OR.
What is the asking price?
The asking price for this property is $2,048,000.
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
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