Exceptional Investment Opportunity in the Heart of Happy ValleyBuyers and investors will love this prime location! Welcome to this exceptionally clean and beautifully maintained three-townhome property located in the heart of Happy Valley.Positioned in a highly desirable area with easy access to shopping, grocery stores, dining, and everyday conveniences, this property offers both lifestyle and income potential. Just minutes from major commuter routes including Interstate 205, making travel throughout the Portland metro area simple and convenient.This is a rare opportunity for an owner-occupied investment—live in one townhome while generating income from the other two. One unit is currently operating as a successful short-term rental through Vrbo, creating an opportunity for immediate income. Unit 9014 is fully furnished, allowing the next owner to seamlessly continue the existing VRBO bookings.Each of the three townhomes has been meticulously maintained and thoughtfully updated. The versatile floor plans feature three bedrooms, with two bedrooms upstairs and a third bedroom on the main level, offering flexibility for multi-generational living, home offices, or rental configurations.Quality upgrades and design elements include custom Brazilian cherry hardwood floors, new carpet, newer roof, fresh paint, and numerous additional improvements that enhance both style and durability. 3 garages with 3 more designated parking spots. 1 for each unit.
Active
Price cut: $80K (5/2)
$1,440,000
9402 SE Causey Ave, Happy Valley, OR 97086
9beds
5,172sqft
Est.: Get pre-qualified
Multi Family
Built in 2007
-- sqft lot
$1,361,200 Zestimate®
$278/sqft
$-- HOA
What's special
Fresh paintVersatile floor plansNew carpetThree bedroomsNewer roof
- 68 days |
- 604 |
- 27 |
Zillow last checked:
Listing updated:
Listed by:
Valerie Hunter damien376@comcast.net,
H & H Preferred Real Estate
Source: RMLS (OR),MLS#: 167295736
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 9
- Full bathrooms: 6
- Partial bathrooms: 3
Heating
- Forced Air, Forced Air 95 Plus
Cooling
- Central Air, Air Conditioning
Appliances
- Included: Disposal, Refrigerator, Gas Water Heater, Tank Water Heater
Features
- Flooring: Hardwood
- Basement: Crawl Space
Interior area
- Total structure area: 5,172
- Total interior livable area: 5,172 sqft
Property
Parking
- Total spaces: 6
- Parking features: Attached, Off Street
- Garage spaces: 6
Features
- Stories: 3
- Has view: Yes
- View description: City, Territorial
Lot
- Features: SqFt 5000 to 6999
Details
- Additional parcels included: 05021954,05021955
- Parcel number: 05021953
- Zoning: RS
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Lap Siding, Stone
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 2007
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Community
- Features: All Landscaping
HOA
- Has HOA: No
Location
- Region: Happy Valley
Financial & listing details
- Price per square foot: $278/sqft
- Tax assessed value: $537,580
- Annual tax amount: $5,748
- Date on market: 3/20/2026
- Listing terms: Cash,Conventional,FHA
- Total actual rent: 9606
- Road surface type: Paved
Estimated market value
$1,361,200
$1.29M - $1.43M
$1,810/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2026 | Price change | $1,440,000-5.3%$278/sqft |
Source: | ||
| 4/11/2026 | Price change | $1,520,000-3.5%$294/sqft |
Source: | ||
| 3/20/2026 | Listed for sale | $1,575,000+384.6%$305/sqft |
Source: | ||
| 9/2/2024 | Listing removed | $2,740$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/13/2024 | Listed for rent | $2,740+5.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/29/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/27/2024 | Price change | $2,600-1.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/11/2024 | Listed for rent | $2,645$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/28/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/26/2024 | Price change | $2,645-3.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/2/2023 | Price change | $2,745-3.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/7/2023 | Listed for rent | $2,845+42.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/27/2019 | Listing removed | $1,995 |
Source: PropM, Inc. Report a problem | ||
| 11/21/2019 | Price change | $1,995-4.8% |
Source: PropM, Inc. Report a problem | ||
| 10/30/2019 | Price change | $2,095-4.6% |
Source: PropM, Inc. Report a problem | ||
| 10/9/2019 | Price change | $2,195+4.5% |
Source: PropM, Inc. Report a problem | ||
| 9/15/2019 | Price change | $2,100-2.3% |
Source: Owner Report a problem | ||
| 8/2/2019 | Listed for rent | $2,150+2.4% |
Source: Owner Report a problem | ||
| 4/17/2019 | Listing removed | $2,100 |
Source: Owner Report a problem | ||
| 3/9/2019 | Listed for rent | $2,100+6.1% |
Source: Owner Report a problem | ||
| 8/4/2017 | Listing removed | $1,980 |
Source: Owner Report a problem | ||
| 7/23/2017 | Listed for rent | $1,980 |
Source: Owner Report a problem | ||
| 2/6/2009 | Sold | $325,000$63/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,749 +3.7% | $302,433 +3% |
| 2024 | $5,545 +2.9% | $293,625 +3% |
| 2023 | $5,389 +5.7% | $285,073 +3% |
| 2022 | $5,100 +3.8% | $276,770 +3% |
| 2021 | $4,914 +3.2% | $268,709 +3% |
| 2020 | $4,759 +1.5% | $260,883 +3% |
| 2019 | $4,691 +14.3% | $253,285 +3% |
| 2018 | $4,105 +6.5% | $245,908 +3% |
| 2017 | $3,855 +0.6% | $238,746 +3% |
| 2016 | $3,833 | $231,792 +3% |
| 2015 | $3,833 +2.9% | $225,041 +3% |
| 2014 | $3,724 +12.1% | $218,486 +3% |
| 2013 | $3,321 -0.3% | $212,122 +3% |
| 2012 | $3,329 -1.4% | $205,944 +3% |
| 2011 | $3,376 +5.8% | $199,946 +3% |
| 2010 | $3,191 +3.2% | $194,122 +3% |
| 2009 | $3,092 | $188,468 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 97086
Nearby schools
GreatSchools rating
- 5/10Mount Scott Elementary SchoolGrades: K-5Distance: 0.1 mi
- 3/10Rock Creek Middle SchoolGrades: 6-8Distance: 2.4 mi
- 7/10Clackamas High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Mt Scott
- Middle: Rock Creek
- High: Clackamas
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Oregon
- Clackamas County
- Happy Valley
- 97086
- 9402 SE Causey Ave






