👑Rental Eligible + Major Upside in High-Demand Troutdale Market👑
Price: $60,000
This is the kind of deal cash flow investors are constantly looking for but rarely find. At a $60,000 purchase price with an estimated $40,000 remodel, you’re all in around $100K for a rental-eligible 3 bed, 2 bath in Troutdale near Portland and the Columbia River Gorge. That combination alone is hard to find because most parks either have high space rent, don’t allow rentals, or both. This one has low space rent at only $805/month including sewer and water AND it’s rental eligible, which creates serious long-term cash flow potential. Estimated rent is around $2,300/month, making this a strong hold with the potential to recover your full investment in roughly 5.5 years. The roof and exterior paint have already been updated in recent years, so the remaining work is mostly manageable repairs and cosmetic improvements instead of a major rehab. Opportunities like this in the Portland metro area are getting harder and harder to come across, especially at this price point.
Remodel: $40,000
116 SE 8th St UNIT 5, Troutdale, OR 97060
3 beds | 2 baths | 1,290 sqft
Built in 1990
Kitchen with a second eating area
Large master suite with a walk-in closet and full bath
Covered carport with storage area and driveway
Fenced yard
Exterior painted about 4 years ago
Roof is in good condition
Near schools and downtown Troutdale, with access to the Columbia River Gorge area
Close to the Portland metro area
Needs:
Board replacements on the south side
Plumbing adjustments
Electrical updates
Park fees: $805/month includes sewer and water
Rent rate: $2,300/month
ARV Comps:
https://www.zillow.com/homedetails/116-SE-8th-St-UNIT-13-Troutdale-OR-97060/176535001_zpid/
https://www.zillow.com/homedetails/116-SE-8th-St-UNIT-21-Troutdale-OR-97060/176534992_zpid/
https://www.zillow.com/homedetails/116-SE-8th-St-UNIT-26-Troutdale-OR-97060/176534995_zpid/
Public Walkthrough on May 29
Closing date: 6/19/2026 – Cash and hard money only, 10,000 EM deposit upon mutual acceptance. Buyer to pay closing costs.
Please contact us via DM or call if you have any other questions (503) 404-4532.
Cash or hard money only, price is net to seller, buyer pays all closing costs, property sold in as-is condition, buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. Wholesale King does not allow for buyers to reassign or sell to a third party prior to close. Opinion of value and breakdown spreadsheet is given as a courtesy only as seller makes no guarantees or warranties, express or implied, as to the value, condition, remodel cost, and/or any costs or fees associated with selling or investing in this property. Members of selling entity are real estate licensee’s in the State of Oregon and Washington. Real Estate Licensee and/or associated brokerage are not acting in any role as real estate broker or as a brokerage of this transaction. No brokers are receiving compensation as part of this Agreement and are not representing any party.
