2706 Spruce St, Hillsboro, OR 97123
For Sale
$825,000
Turn key investment opportunity - Adult foster care/ Multi-generational living
Property Size2,798 SF
Price / SF$294.85
Days on Market402
Property Features for 2706 Spruce St
General Information
Standard status
Property type
Size
Total Parking Spaces
Elevators
Investment Type
Building Details
Year Built
Buildings
Stories
Listed By:
Kristylinn Sequeira
(503) 750-5948
Added: Oct 1, 2025
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Investment Insights
Based on property information with market context.
Key Highlights
- This address is an approved eligible location for an RTH. This does not guarantee the home will meet OAR requirements for this setting type. Buyer to perform due diligence to ensure it meets all RTH and ADA requirements.
- Spacious and flexible dual‑living floor plan & thoughtfully designed accessibility features throughout lower‑level
- Fully remodeled lower‑level kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,661
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,220
$833.2K
Cap Rate 7%
$595,157
$595.2K
Cap Rate 9%
$462,900
$462.9K
Market Conditions
NOI Build-Up for 2,798 SF
Gross rent
$73.9K $26.40/SF
− Vacancy
−$4.4K −$1.58/SF
EGI
$69.4K $24.82/SF
− OpEx
−$27.8K −$9.93/SF
NOI
$41.7K $14.89/SF
Area
Hillsboro, OR
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,220
Cap Rate 7%
$595,157
Cap Rate 9%
$462,900
Alternative Uses
Best Use
Healthcare Medical
$595.2K
$520.8K – $694.4K
NOI $41,661 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$529.0K
$462.9K – $617.2K
NOI $37,029 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$751.4K
$657.5K – $876.6K
NOI $52,596 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 97123, OR
48,369
Population
17,685
Households
2.7
Avg Household Size
37
Median Age
36%
College-Educated
87%
High-School Grad
55.7 sq mi
ZIP Area
868
Density / Sq Mi
$105,999
Median Household Income
$50,578
Median Earnings
$1,814
Median Rent
$489,100
Median Home Value
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Similar Off Market Nearby
- Tlc Best Homes Llc — 3834 E Main St, Hillsboro, OR 97123
Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Turn key investment opportunity - Adult foster care/ Multi-generational living
Where is this senior housing / retirement home located?
The property is located at 2706 Spruce St Hillsboro, OR.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: This address is an approved eligible location for an RTH. This does not guarantee the home will meet OAR requirements for this setting type. Buyer to perform due diligence to ensure it meets all RTH and ADA requirements.; Spacious and flexible dual‑living floor plan & thoughtfully designed accessibility features throughout lower‑level; Fully remodeled lower‑level kitchenette
