Townhouse for rent

Updated 3 Hours Ago

12462 Se Water Drop Way
12462 Se Water Drop Way, Happy Valley, OR 97086, USA

Monthly rent	$2,850Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Beds	3
Baths	2.5
Sqft	1,520

Monthly rent	$2,850Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Beds	3
Baths	2.5
Sqft	1,520

Updated 3 Hours Ago

Location

12462 Se Water Drop Way, Happy Valley, OR 97086, USA|Rock Creek

Tour 12462 Se Water Drop Way

Contact

Rental Management Services Inc

(503) 523-5331

Property Overview

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

Images available
Laundry available on site
Walk-in closet

Great for

Pet owners

Policies and fees

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

About 12462 Se Water Drop Way

Home

Houses in Happy Valley

12462 Se Water Drop Way, Happy Valley, OR 97086, USA

This gorgeous townhome, located just off Sunnyside Rd, is loaded with features that you will love! Including: • 3 Bedrooms • 2 full baths and 1 half bath • Great Room with corner fireplace • Open Kitchen with island, quartz counters, and stainless appliances including gas range • End unit with additional windows and more light! • Covered front porch • Slider to back patio and fenced private yard • Vaulted Master Suite with walk-in closet and bath featuring dual sinks and step-in shower • Laundry room with washer/dryer included! • 1 car garage • Within a few minutes’ drive, you can find grocery stores such as New Seasons and Fred Meyer, as well as many dining options and coffee for your morning commute. • Not far from the Clackamas River and other neighborhood green spaces, there are many outdoor destinations like parks and trails within reach. --Proof of Renter's Insurance Required-- Sorry, No Pets Water/Sewer billed back to tenants **Please note: this unit is not ADA compliant

Property highlights

How 12446 Se Water Drop Way, Happy Valley, OR 97086, USA compares to other nearby properties.

Positives

Images available: There are at least 10 photos of this address
Laundry available on site: Washers and dryers are available in-building
Walk-in closet: Rentals here may include more closet space than average

Address details

Neighborhood	Rock Creek
Zip code	97086
Type	House for rent

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Rent trends in Rock Creek

3-bedroom apartments at 12462 Se Water Drop Way cost about 2% less than the average rent price for 3-bedroom apartments in Happy Valley.

Median rents as of Oct 31 2026.

Rock Creek

Happy Valley

A table of 3-bedroom apartment rental data trends in Happy Valley
Month	Median Rent
November 2024	$2,780
December 2024	$2,828
January 2025	$2,608
February 2025	$2,595
March 2025	$2,614
April 2025	$2,597
May 2025	$2,689
June 2025	$2,767
July 2025	$2,803
August 2025	$2,823
September 2025	$2,685
October 2025	$2,616
November 2025	$2,686
December 2025	$2,683
January 2026	$2,749
February 2026	$2,713
March 2026	$2,795
April 2026	$2,772
May 2026	$2,665
June 2026	$2,684
July 2026	$2,827
August 2026	$2,965
September 2026	$2,997
October 2026	$2,933

A table of 3-bedroom apartment rental data trends in Rock Creek
Month	Median Rent
November 2024	$2,730
December 2024	$2,791
January 2025	$2,582
February 2025	$2,591
March 2025	$2,604
April 2025	$2,509
May 2025	$2,673
June 2025	$2,729
July 2025	$2,790
August 2025	$2,816
September 2025	$2,745
October 2025	$2,730
November 2025	$2,695
December 2025	$2,708
January 2026	$2,714
February 2026	$2,678
March 2026	$2,759
April 2026	$2,870
May 2026	$2,631
June 2026	$2,836
July 2026	$2,852
August 2026	$2,918
September 2026	$2,991
October 2026	$2,938

Affordability calculator

Can I afford to live at 12462 Se Water Drop Way?

Bedrooms

3 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.

The general rule of thumb is to spend around 30% or less of your income on rent.

Recommended income

$114,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $114,000 annually to afford this 3-bedrooms monthly rent price of $2,850.

For more information on rent affordability, visit our rent calculator.

Check availability

Rent history

Check out the past listing prices for monthly rent at 12462 Se Water Drop Way, Happy Valley, OR.
				Bath
	1 year ago	$2,695	3 bed	2.5 bath
3 Beds, – Baths	1 year ago	$2,695	3 bed	0.5 bath
	2 years ago	$2,700	3 bed	2.5 bath
	2 years ago	$2,875	3 bed	2.5 bath
	4 years ago	$3,100	3 bed	2.5 bath
3 Beds, 2 Baths	5 years ago	$2,295	3 bed	2 bath
3 Beds, 2 Baths	5 years ago	$2,350	3 bed	2.5 bath

Schools near 12462 Se Water Drop Way

Getting around Happy Valley near 12462 Se Water Drop Way

Walking

3/10

Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

9/10

Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

3/10

This is semi-bikeable, but you’ll need another way of getting around.

Transit

1/10

FYI, there are little to no public transit options within walking distance.

Points of interest for 12462 Se Water Drop Way, Happy Valley

Groceries

3/10

At least one supermarket within a 30-minute walk

Shopping

3/10

Some shops within walking distance

Cafes

4/10

Some cafés within a few minutes’ walk

Restaurants

4/10

Some restaurants within walking distance

Primary schools

3/10

At least one elementary school within a 30-minute walk

High schools

1/10

Closest high school further than a 30-minute walk

Parks

6/10

Large amount of park space nearby

Nightlife

3/10

Some bars within walking distance

Explore the area around 12462 Se Water Drop Way

Fred Meyer

17005 SE Sunnyside Rd

Grocery Outlet

14800 SE Sunnyside Rd

Safeway

20151 SE Highway 212

Safeway

12032 SE Sunnyside Rd

Pleasant Valley Market

16880 SE Foster Rd

Beachrose Resale LLC

12724 SE Zion St

Mapel Boutique

13100 SE 172nd Ave

Sublime Clothing

13175 SE Sunnyside Rd

Almost Ethereal Boutique LLC

20210 SE Delia St

Morgan Jewelers

1200 SE 82nd Ave 2205

Starbucks

17005 SE Sunnyside Rd

Mediterranean Grill LLC

15910 SE Happy Valley Town Center Dr

Squish Tea LLC

17105 SE Sunnyside Rd

Peet's Coffee

15918 SE Happy Valley Town Center Dr

Black Rock Coffee Bar

16000 SE Sunnyside Rd

Valley Public House

12960 SE 162nd Ave

Whiskey Barrel Lounge

12960 SE 162nd Ave

Stickmen Brewing Company

13100 SE 172nd Ave

Killer Burger

14682 SE Sunnyside Rd

Gloria'z Pub & Grill

13175 SE Sunnyside Rd

Murray's Cheese

17005 SE Sunnyside Rd

Organic Seattle Inc

15691 SE Nyla Way

Grilla Cheese LLC

13551 SE 145th Ave

Happy Valley Farmers Market

13231 SE Sunnyside Rd

Jla Health Stop

11123 SE Alexander Ave

Playground

Park

Garden

Dog Park

Valley Public House

12960 SE 162nd Ave

Happy Hollow Pizzeria

16085 SE Happy Valley Town Center Dr

Sports on Tap

16021 SE Happy Valley Town Center Dr

SNOWFOX

17005 SE Sunnyside Rd

Chipotle Mexican Grill

17015 SE Sunnyside Rd

169th Ave and Misty Dr

Clackamas Town Center 2.0

SE 169th / Misty

Sunnyside

SE Sunnyside / 169th

Sunnyside

SE Sunnyside Rd / SE 169th Ave Westbound

Clackamas Town Center 2.0

SE Sunnyside / 162nd

Sunnyside

Clackamas Town Center TC MAX Station

MAX Green Line

SE Fuller Rd MAX Station

MAX Green Line

SE Flavel St MAX Station

MAX Green Line

Lents Town Center / SE Foster Rd MAX Station

MAX Green Line

SE Holgate Blvd MAX Station

MAX Green Line

Other units at this address

12446 Se Water Drop Way, Happy Valley, OR

12446 Se Water Drop Way Happy Valley, OR

Occupied

3 Beds, 2.5 Baths

3 Beds

2.5 Baths

1,520 sqft

$2,650

Occupied

3 Beds, 2.5 Baths

3 Beds

2.5 Baths

1,576 sqft

$2,695

Assigned Parking • Outdoor Space • Fireplace • On-Site Laundry • Walk-In Closets • In-Unit Laundry

Listed by Kerr Properties, Inc.

Days on market: 348

DISCLAIMER: WE DO NOT ADVERTISE OUR LISTINGS ON OR FACEBOOK MARKETPLACE; IF YOU SEE ONE OF OUR LISTINGS ON THOSE SITES PLEASE FLAG IT AS A FALSE AD. COMMUNICATION ABOUT OUR VACANCIES ARE DONE THROUGH SHOWMOJO VIA TEXT OR EMAIL. SHOWMOJO WILL COMMUNICATE ABOUT OUR VACANCIES AFTER BUSINESS HOURS, ON WEEKENDS AND HOLIDAYS. BUSINESS HOURS ARE MONDAYS FROM 9:30 AM UNTIL 5:00 PM AND TUESDAYS THROUGH THURSDAYS FROM 9:00 AM UNTIL 5:00 PM AND FRIDAYS FROM 9:00 AM UNTIL 1:00 PM (1:00 PM UNTIL 5:00 PM BY APPOINTMENT ONLY). FREE RENT! FIRST FULL MONTH'S RENT FREE! Don't miss out on this newer and gorgeous Happy Valley home! Features include a great room on the main floor with an electric fireplace, breakfast bar and LVP flooring along with an open kitchen with LVP flooring, composite granite countertops, pantry, island and stainless steel appliances including a side by side fridge with water dispenser and ice maker, five burner gas range, microhood, dishwasher and disposal. Gas heat and gas water heater. There is also a half bathroom with LVP flooring on the main floor. All three bedrooms are on the top floor, the primary and secondary bedrooms are carpeted and the third bedroom has LVP flooring. The primary bedroom has vaulted ceilings and a walk-in closet. The primary bathroom has LVT flooring, quartz countertops and dual vanities plus the main guest bathroom has LVT flooring and quartz countertops. There is also a laundry room with LVP flooring, washing machine and clothes dryer located on the top floor. Other features include an attached single car garage with door opener, wall mounted heat - A/C split on the main level, heat - A/C combo on the top floor, tankless water heater, covered front porch and a patio in the fully fenced backyard. You also have access to HOA amenities such as pool, parks and a clubhouse. NO SMOKING ON PREMISES! ADDITIONAL SECURITY DEPOSIT: $500.00 per pet. Pet rent: $55.00 a month per pet. TENANTS WILL BE CHARGED MONTHLY FOR GARBAGE, COST DEPENDS ON THE LEVEL OF SERVICE REQUESTED. TENANTS WILL BE CHARGED $70.30 MONTHLY FOR SEWER. APPLICATION FEE'S WILL BE REIMBURSED IF APPROVED. Close to bus line, schools, parks, shopping and eateries. PET POLICY: Maximum of two pets. Dog and / or cat has to be at least one year old, spayed / neutered and weigh fifty pounds or less. LEASE TERM: 16 MONTHS Schools: Scouters Mountain Elementary, Happy Valley Middle, Adrienne C Nelson High Renter's Insurance is Required: $100,000 in liability. Walk Score: 22 - Car-Dependent Transit Score: N/A Bike Score: 32 - Somewhat Bikeable Directions: From SE Sunnyside Rd. turn North onto SE 162nd Ave. go to SE Pleasant Valley Pkwy and turn East then go to SE Majestic Falls Ave. and turn South then turn East onto SE Sunshower Pl. then South onto SE Water Drop Wy. Dwelling unit does not qualify as a ""Type A Unit"" (accessible unit) per Oregon structural building code. NOTE: Application is NOT considered complete until receipt of screening charge per financially responsible person over 18 years of age as well as no missing info on the application. Contact Kerr Properties, Inc. for details. Terms and conditions apply. Applications are processed first come, first serve. Tenants will automatically be enrolled in the furnace filter delivery program upon move-in for $10.00 a month if applicable unless proper notification is provided to Kerr Properties, Inc. within three business days from application approval. Information deemed reliable but not..