800 Undisclosed AvePortland, OR 97210

For Sale
$7,500,000

High-Yield RCF, 40 Beds, Recently Renovated

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 40-bed Residential Care Facility (RCF) in Portland, Oregon, presents a compelling investment opportunity. Boasting 14,124 square feet across a 0.35-acre lot, this fully licensed facility underwent a complete renovation in 2023. The two-story building, constructed in 1959, features 25 units, currently operating at 80% occupancy. The property enjoys a strong net operating income (NOI) of $1,065,198, translating to an attractive 14.20% capitalization rate. Its prime location in Multnomah County, at 800 NW Undisclosed Ave, 97210, offers convenient access to a hospital, public transportation, shopping, and dining options. The property is zoned RM2 and has an APN of R198429. This is a turnkey operation, ideal for an owner/user seeking a high-return investment, and is available for a 1031 exchange. The property is ready for immediate transfer to a new operator. This is a rare opportunity to acquire a well-established, high-performing senior living facility in a desirable location.

Highlights

  • $7,500,000 asking price for a 40-bed senior living facility (RCF) in Portland, Oregon.
  • 14,124 square feet on a 0.35-acre lot.
  • 14.20% cap rate with a $1,065,198 NOI and 80% occupancy.
  • 25 units, 40 beds, recently renovated in 2023.
  • Located in Multnomah County, near hospital, public transportation, shopping, and dining.
  • 1031 exchange opportunity.

Property Details for 800 Undisclosed Ave

Property type
Retirement homes, Senior housing facilities
Square Feet
14,124 SF
Year Built/Renovated
1959/2023
Buildings
1
Stories
2
Lot Size (sq. ft)
15,246 SF
Units
25

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5284304
Longitude
-122.702483
800 Undisclosed Ave, Portland, Oregon

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800 Undisclosed Ave
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