NOT LISTED FOR SALE

9009 SE Clackamas Rd Clackamas, OR 97015

Estimated Value: $1,200,000 - $1,258,000

10 Beds
6 Baths
3,886 Sq Ft
$314/Sq Ft Est. Value

Last Sold May 05, 2020

Last sale price $897,500 $231 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $7,502/month

1 Day on Market

Highlights

  • Storage
  • Level Lot
  • 1-Story Property
  • Garage
  • Lap Siding

About This Home

As of May 2020

Rare - "Turn Key" 4-plex with detached garages. Newer roof, gutters, siding, painting, etc. Vinyl windows. Very well maintained. Great Cash Flow. Actual Gross Income at nearly $80k/yr. Great location in Clackamas County. All units easily rented.

Last Agent to Sell the Property

Rob Young

Legacy Realty Group License #871100150 Listed on: 02/11/2020

Last Buyer's Agent

Tom Ramsey

John L Scott Portland SW License #200208048

John L Scott Portland SW

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,011

Year Built

  • Built in 1975 | Remodeled

Lot Details

  • 0.33

Parking

  • Garage

Home Design

  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Storage
  • Crawl Space
  • Security Lights
  • Dishwasher

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,011

Year Built

Built in 1975 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3886
  • Stories: 1
  • Year Built: 1975
  • Property Condition: Updated/Remodeled
  • Remarks Public: Rare - "Turn Key" 4-plex with detached garages. Newer roof, gutters, siding, painting, etc. Vinyl windows. Very well maintained. Great Cash Flow. Actual Gross Income at nearly $80k/yr. Great location in Clackamas County. All units easily rented.
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: SECTION 09 TOWNSHIP 2S RANGE 2E QUARTER BD TAX LOT 04503
  • Basement: Crawl Space
  • Storage: Attached, Individual Storage Units

Exterior Features

  • Exterior Description: Lap Siding, Cement Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Paved, Garage

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Zoned
  • Security: Security Lights

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Unit Features: Dishwasher, Refrigerator, Storage, Washer/Dryer Hookup

Schools

  • Elementary School: Bilquist
  • Middle School: Alder Creek
  • High School: Putnam

Lot Info

  • Lot Description: On Busline, Level
  • Zoning: Unknown
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 5910.07
  • Assessor Parcel Number: 00473384
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 11.64

MLS Schools

  • Elementary School: Bilquist
  • High School: Putnam
  • Middle School: Alder Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2020
Sold by
Labuhn Christopher A
Bought by
Clackamas Road Apartmnts Llc
Total Days on Market
1
Current Estimated Value
$1,222,115

Purchase Details

Listed on
Feb 11, 2020
Closed on
May 4, 2020
Sold by
Young Robert Leroy and Young Heidi
Bought by
Labuhn Chris and Labuhn Mechelle
Seller's Agent
Rob Young
Legacy Realty Group
Buyer's Agent
Tom Ramsey
John L Scott Portland SW
List Price
$895,000
Sold Price
$897,500
Premium/Discount to List
$2,500
0.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.27%
Original Mortgage
$667,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2018
Sold by
Ramsey Arthur W
Bought by
Young Robert Leroy and Young Heidi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 9, 2018
Sold by
Swayze Bruce
Bought by
Ramsey Arthur W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2015
Sold by
Swayze Darlene D
Bought by
Swayze Darlene D and The Darlene D Swayze Living Trust

Purchase Details

Closed on
Jul 5, 1995
Sold by
Morse William L and Morse Yvonne K
Bought by
Swayze Lewis E and Swayze Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,200
Interest Rate
7.74%
Mortgage Type
Commercial
Source: Public Records

Similar Home in Clackamas, OR

  • 9001 SE Clackamas Rd, Clackamas, OR 97015

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    • 6 Baths
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    Great rental property in Clackamas County. Well maintained 4-plex on dead end street. Convenient location, easy access to I205 & HWY 212. Updates over last 5 yrs as needed include siding, gutters, carpet and appliances. Single car garage for each unit, plus small storage space. Projected estimates show Cap Rate over 6% and Gross Rent at 13% Multiplier. Possible assumable loan, Contact LA for

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Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Clackamas Road Apartmnts Llc -- None Available
Labuhn Chris $897,500 First American
Young Robert Leroy $550,000 First American Title
Ramsey Arthur W $524,000 Fidelity National Title
Swayze Darlene D -- None Available
Swayze Lewis E $195,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Labuhn Chris $667,500
Previous Owner Young Robert Leroy $550,000
Previous Owner Ramsey Arthur W $384,000
Previous Owner Swayze Lewis E $125,200
Previous Owner Swayze Lewis E $146,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2020 05/05/20 Sold $897,500 +0.3% $231 / Sq Ft
02/12/2020 02/12/20 Pending -- -- --
02/11/2020 02/11/20 For Sale $895,000 -- $230 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $8,011 $415,338 $0 $0
2022 $7,362 $403,241 $0 $0
2021 $7,090 $391,497 $0 $0
2020 $6,862 $380,095 $0 $0
2019 $6,763 $369,025 $0 $0
2018 $5,910 $358,277 $0 $0
2017 $5,717 $347,842 $0 $0
2016 $5,510 $337,711 $0 $0
2015 $5,351 $327,875 $0 $0
2014 $4,995 $318,325 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20688563

Regional Multiple Listing Service (RMLS)

APN: 00473384