2 Days Ago
Highlights
Pet Friendly
Location
12408 Southeast Water Drop Way, Happy Valley, Oregon 97086, United States|Rock Creek
Tour 12408 Southeast Water Drop Way
Contact
Touchstone Property Management
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Amenities for 12408 Southeast Water Drop Way, Rock Creek
Appliances
| Dishwasher | Garbage Disposal |
| In-Unit Laundry | Microwave |
| Range | Refrigerator |
| Washer and Dryer |
Building
| Cats OK | Dogs OK |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
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About 12408 Southeast Water Drop Way
Home
Houses in Happy ValleyRock Creek 12408 Southeast Water Drop Way, Happy Valley, Oregon 97086, United States
Houses in Happy ValleyRock Creek 12408 Southeast Water Drop Way, Happy Valley, Oregon 97086, United StatesDiscover the perfect blend of comfort and convenience in this stunning 3 bedroom, 2.5 bathroom home with thoughtfully designed living space. Nestled in the heart of Happy Valley, this home is located in a highly sought-after neighborhood on a corner lot! With an inviting open-concept layout, a spacious kitchen featuring modern stainless steel appliances, ample counter space, beautiful cabinetry and a living room filled with natural light, the main floor does not disappoint. Additional features of the main floor are a half bath, garage access, fireplace and fully fenced backyard. Upstairs is a primary bedroom with en-suite bath and closet, two additional bedrooms and an additional full bathroom. The designated laundry room is conveniently located upstairs as well. Enjoy the convenience of being just minutes away from local parks, shopping, and dining. Indulge in nearby favorites like Happy Valley Station Food Cart Pod and a variety of cafes and restaurants. North Clackamas School District (Deemed reliable, but not guaranteed) Screening: All applicants age 18+ are required to be screened & pay a $55 screening fee (each) Lease Term: 12 months. Security Deposit: $2,650 OAC Pet Policy: Allowed, 2 maximum - Cats allowed, dogs allowed, up to 50lbs Pet Pricing (per pet): Pet Deposit - $500 & Pet Rent - $25/month Smoking: This is a non-smoking property Landscaping: Backyard Responsibility of the tenant Washer/Dryer: Provided Utilities: All utilities are the responsibility of the resident Accessibility: This is not an accessible dwelling unit *Visit https touchstonepdx com featured-rentals for the most current listing information. All Touchstone Property Management residents are invited to enroll in the Resident Benefits Package (RBP) for $44.95/month which includes liability insurance, HVAC air filter delivery, credit building to help boost the resident’s credit score with timely rent payments, up to $1M Identity Theft Protection, our best-in-class resident rewards program, and much more! More details upon application.
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 12408 Southeast Water Drop Way cost about 2% less than the average rent price for 3-bedroom apartments in Rock Creek.
Median rents as of Nov 15 2025.
Rock Creek
Happy Valley
| Month | Median Rent |
|---|---|
| December 2023 | $2,564 |
| January 2024 | $2,499 |
| February 2024 | $2,547 |
| March 2024 | $2,499 |
| April 2024 | $2,636 |
| May 2024 | $2,698 |
| June 2024 | $2,838 |
| July 2024 | $2,749 |
| August 2024 | $2,636 |
| September 2024 | $2,612 |
| October 2024 | $2,674 |
| November 2024 | $2,750 |
| 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 | $2,695 |
| Month | Median Rent |
|---|---|
| December 2023 | $2,499 |
| January 2024 | $2,499 |
| February 2024 | $2,571 |
| March 2024 | $2,499 |
| April 2024 | $2,651 |
| May 2024 | $2,653 |
| June 2024 | $2,825 |
| July 2024 | $2,785 |
| August 2024 | $2,653 |
| September 2024 | $2,598 |
| October 2024 | $2,618 |
| November 2024 | $2,687 |
| 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 |
Affordability calculator
Can I afford to live at 12408 Southeast Water Drop Way?
Bedrooms
3 bedroomsRent-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
$106,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $106,000 annually to afford this 3-bedrooms monthly rent price of $2,650.
For more information on rent affordability, visit our rent calculator.
Schools near 12408 Southeast Water Drop Way
Scouters Mountain Elementary School
10811 se 172nd ave
happy valley, OR, 97086
K-5Public
A-
Milwaukie El Puente Elementary School
11250 se 27th ave
milwaukie, OR, 97222
K-5Public
C+
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Internet available near 12408 Southeast Water Drop Way
Neighborhood
Rock Creek | Happy Valley, OR
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Happy Valley near 12408 Southeast Water Drop Way
Walking
4/10
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
2/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 12408 Southeast Water Drop Way, Happy Valley
Groceries
3/10
At least one grocery store within a 30-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
3/10
No elementary schools within a 30-minute walk
High schools
0/10
No high schools within a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
4/10
Few or no bars within walking distance
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