Rare opportunity in an established Happy Valley neighborhood! Three separate tax parcels totaling approximately 1.32 acres offer an exceptional combination of an existing residence, additional land and future development potential. The property features a 1975 split-level home with approximately 2,170 SF of living space and an attached finished 462 SF garage, surrounded by mature landscaping and a spacious residential setting. R-7 zoning provides potential for additional residential development, subject to buyer verification and approval by the appropriate jurisdiction. The three-parcel configuration creates flexibility for a builder, developer, investor or buyer seeking a home with additional land. Conveniently located near Happy Valley amenities, shopping, schools, parks and major transportation routes. Property is being offered as a package with all three parcels. Buyer to perform due diligence regarding zoning, density, utilities, access, lot dimensions, development feasibility and permitted uses. Please do not disturb occupants. Development potential + existing home + three parcels = a unique Happy Valley opportunity!
Active
$1,400,000
9798 SE Hillcrest Rd, Happy Valley, OR 97086
4beds
2,170sqft
Residential, Single Family Residence
Built in 1975
0.34 Acres Lot
$-- Zestimate®
$645/sqft
$-- HOA
What's special
Surrounded by mature landscapingSpacious residential setting
- 18 days
- 310
- 9
Zillow last checked:
Listing updated:
Listed by:
Tim Stuart 503-680-4959,
Keller Williams Realty Portland Premiere
Source: RMLS (OR),MLS#: 704761371
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Rooms
- Room types: Bedroom 4, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: Main
- Area: 224
- Dimensions: 16 x 14
Bedroom 2
- Level: Main
- Area: 169
- Dimensions: 13 x 13
Bedroom 3
- Level: Main
- Area: 144
- Dimensions: 12 x 12
Bedroom 4
- Level: Lower
- Area: 182
- Dimensions: 14 x 13
Dining room
- Level: Main
- Area: 168
- Dimensions: 14 x 12
Family room
- Level: Lower
Kitchen
- Level: Main
- Area: 81
- Width: 9
Living room
- Level: Main
- Area: 192
- Dimensions: 16 x 12
Heating
- Forced Air, Wood Stove
Cooling
- Heat Pump
Appliances
- Included: Free-Standing Range, Washer/Dryer, Electric Water Heater
Features
- Kitchen Island
- Flooring: Vinyl
- Windows: Double Pane Windows
- Basement: Finished
- Number of fireplaces: 2
- Fireplace features: Stove, Wood Burning
Interior area
- Total structure area: 2,170
- Total interior livable area: 2,170 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport, Driveway, RV Access/Parking, Attached
- Attached garage spaces: 2
- Has carport: Yes
- Has uncovered spaces: Yes
Features
- Levels: Multi/Split
- Stories: 2
- Patio & porch: Covered Deck, Patio
- Exterior features: Yard
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.34 Acres
- Dimensions: 1.3ac total
- Features: Gentle Sloping, On Busline, SqFt 10000 to 14999
Details
- Additional structures: Greenhouse, RVParking, ToolShed
- Additional parcels included: 00114664,00114655
- Parcel number: 00114673
- Zoning: SFR
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Brick, Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Well
- Utilities for property: Other Internet Service
Community & HOA
HOA
- Has HOA: No
Location
- Region: Happy Valley
Financial & listing details
- Price per square foot: $645/sqft
- Tax assessed value: $476,889
- Annual tax amount: $4,989
- Date on market: 9/2/2026
- Listing terms: Cash,Conventional,Other
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2026 | Listed for sale | $1,400,000$645/sqft |
Source:  RMLS (OR) #704761371 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,990 +3.7% | $264,657 +3% |
| 2024 | $4,812 +2.9% | $256,949 +3% |
| 2023 | $4,675 +5.7% | $249,466 +3% |
| 2022 | $4,422 +3.8% | $242,200 +3% |
| 2021 | $4,259 +3.3% | $235,146 +3% |
| 2020 | $4,122 +1.5% | $228,298 +3% |
| 2019 | $4,062 +14.4% | $221,649 +3% |
| 2018 | $3,550 | $215,193 +3% |
| 2017 | $3,550 +7.3% | $208,925 +3% |
| 2016 | $3,310 | $202,840 +3% |
| 2015 | $3,310 +3% | $196,932 +3% |
| 2014 | $3,214 +10.6% | $191,196 +3% |
| 2013 | $2,907 +1.7% | $185,627 +3% |
| 2012 | $2,858 -1.9% | $180,220 +3% |
| 2011 | $2,912 +5.9% | $174,971 +3% |
| 2010 | $2,751 +3.1% | $169,875 +3% |
| 2009 | $2,668 +6.6% | $164,927 +3% |
| 2008 | $2,502 +2.1% | $160,123 +3% |
| 2007 | $2,450 +11.9% | $155,459 +3% |
| 2006 | $2,190 +1.5% | $150,931 +3% |
| 2005 | $2,159 +3% | $146,535 +3% |
| 2004 | $2,095 +1.9% | $142,267 +3% |
| 2003 | $2,055 +3.2% | $138,123 +3% |
| 2002 | $1,992 +1.8% | $134,100 +3% |
| 2001 | $1,956 +2% | $130,194 +3% |
| 2000 | $1,918 | $126,402 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 97086
Nearby schools
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.
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