6215 Hazel StPortland, OR 97206

For Sale
$2,190,000

10-Unit Assisted Living, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 10-unit assisted living facility in Portland, Oregon, presents a compelling investment opportunity. Boasting a 100% occupancy rate and a strong NOI of $400,000, generating an impressive 18.26% cap rate, this property offers significant financial returns. The 5,534 square foot building, situated on a 0.14-acre lot in Clackamas County (APN 00056913), underwent renovations in 2008. The property features ten private ground-floor units, designed for memory care, and a spacious five-bedroom apartment on the second floor, totaling 15 bedrooms and 7 bathrooms. The building is zoned R7 and is offered as a turnkey operation, including the real estate and established business. This owner-user opportunity requires a licensed administrator. The asking price is $2,190,000 and is eligible for a 1031 exchange. This is a rare chance to acquire a high-performing, fully occupied senior living facility in a desirable Portland location. The property's strong financials, excellent location, and established reputation make it an ideal investment for experienced operators seeking a stable and profitable venture. The property is a two-story building.

Highlights

  • Turnkey assisted living facility including real estate and established business.
  • 100% occupancy with a strong $400,000 NOI and 18.26% cap rate.
  • 5,534 SF building on a 0.14-acre lot in Clackamas County (APN 00056913), renovated in 2008.
  • 15 bedrooms, 7 bathrooms (5 full, 2 half); ten ground-floor private units designed for memory care, plus a five-bedroom apartment.
  • Zoned R7; asking price $2,190,000; 1031 exchange eligible; requires licensed administrator.

Property Details for 6215 Hazel St

Property type
Retirement homes, Assisted living facilities
Square Feet
5,534 SF
Year Renovated
2008
Buildings
1
Stories
2
Lot Size (sq. ft)
6,098 SF
Units
10

Location Insight

City
Portland
County
Clackamas
State
Oregon
Latitude
45.460076588352
Longitude
-122.59901331399
6215 Hazel St, Portland, Oregon

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6215 Hazel St
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