8719 SE Monterey Ave | Happy Valley, OR 97086
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- LoopNet Team
8719 SE Monterey Ave
Happy Valley, OR 97086
Town Center Station · Multifamily Property For Sale
·
52 Units
Investment Highlights
- Attractive Location: Situated in the Happy Valley/Clackamas submarket, one of the fastest-growing areas in Oregon.
- Proven Occupancy & Demand: Historically high occupancy rates, supported by a limited supply of comparable rental housing in the immediate area.
- Affordable Housing: The units are designated for workforce housing, appealing to investors seeking both cash flow & mission-driven investment approach
- Transit-Oriented Development: Within proximity to Fuller MAX light rail station, providing direct access to downtown Portland & surrounding metro.
- Value-Add Potential: Bring units to max allowable rents.
- Strong Economic Drivers: The property benefits from nearby employment hubs, including Clackamas Town Center, Kaiser Permanente & Clackamas College.
Property Facts
| No. Units | 52 | Lot Size | 1.38 AC |
| Property Type | Multifamily | Building Size | 29,477 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2010 |
| Building Class | B | Parking Ratio | 1.42/1,000 SF |
| Zoning | RCHD | ||
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.38 AC |
| Building Size | 29,477 SF |
| No. Stories | 3 |
| Year Built | 2010 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | RCHD |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Bay Window
- Refrigerator
- Range
- Walk-In Closets
- Patio
Site Amenities
- Controlled Access
- Clubhouse
- Laundry Facilities
- Property Manager on Site
- Bicycle Storage
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | 387 |
| 1+1 | 42 | - | 584 |
Property Taxes
| Parcel Number | 00117279 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,789,058 |
Property Taxes
Parcel Number
00117279
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,789,058
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