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    2706 Spruce St Hillsboro, OR 97123

    Sponsored
    For Sale
    $825,000

    Turn key investment opportunity - Adult foster care/ Multi-generational living

    Property size:
    2,798 SF

    Description

    Added:
    Oct 1, 2025
    Days on Market:
    110
    Welcome to this rare opportunity to own a beautifully updated home offering space, flexibility, and comfort in a quiet, established Hillsboro neighborhood. With 8 bedrooms and 4 full bathrooms, this move-in-ready home is ideal for multigenerational living, and also offers the unique potential to function as adult foster care residence thanks to its accessibility features (ADA) and current owners vision. Designed with adaptability in mind, the home includes widened doorways, extra-wide hallways, and accessible bathrooms—enhancing ease of movement for all ages and mobility levels. Whether you're looking for a long-term family residence or a turnkey care opportunity, this home delivers. At the heart of the home is the kitchen featuring a large island, updated fixtures, beautiful quartz countertops, plenty of cabinetry, and is designed for both daily use and entertaining. The lower level features a daylight, walk-in exterior entry and includes a fully remodeled kitchenette with quartz countertops, 5 bedrooms, and 2 full baths — making it perfect for extended family, guests, or separate living quarters. Upstairs, enjoy an open-concept living and dining space, stylish newer flooring, and a spacious primary suite. Step outside to enjoy the large refinished deck with a charming gazebo, a garden shed, and a fully fenced and landscaped backyard, a peaceful, functional outdoor space ideal for gatherings or quiet relaxation. Located just minutes from parks, hospitals, schools, shopping, and major employers like Intel and Nike, this home offers a rare combination of space, accessibility, and convenience. Whether you're seeking a forever home for your family or a dual-purpose investment, this property is a unique find!

    Property Features for 2706 Spruce St

    General Information

    Property type
    Senior housing facilities
    Investment Type
    owner-user
    Square Feet
    2,798 SF
    Total Parking Spaces
    4
    Elevators
    No

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    2

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    Property Insight Report

    HighLights

    • Spacious and flexible dual‑living floor plan Thoughtfully designed accessibility features throughout lower‑level Fully remodeled lower‑level kitchenette Open‑concept main level with abundant natural light Newer flooring throughout Primary suite with walk‑in closet Large kitchen with generous island, granite countertops, and ample cabinetry Widened doorways, extra‑wide hallways, and accessible bathrooms Laundry on both levels Exterior entry on lower level Refinished deck with gazebo Fully fenced backyard Garden shed for additional storage Well‑maintained landscaping Attached garage with additional driveway parking Quiet, established Hillsboro neighborhood Convenient access to parks, schools, shopping, and dining Minutes to major employers like Intel and Nike
    Location Intelligence

    Current Use by Public Records

    Nursing homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    State
    Oregon
    Longitude
    -122.95488685261
    Latitude
    45.51065065

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    FAQs

    What type of property is this?
    Senior housing facility - Turn key investment opportunity - Adult foster care/ Multi-generational living
    Where is this senior housing facility 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: Spacious and flexible dual-living floor plan Thoughtfully designed accessibility features throughout lower-level Fully remodeled lower-level kitchenette Open-concept main level with abundant natural light Newer flooring throughout Primary suite with walk-in closet Large kitchen with generous island, granite countertops, and ample cabinetry Widened doorways, extra-wide hallways, and accessible bathrooms Laundry on both levels Exterior entry on lower level Refinished deck with gazebo Fully fenced backyard Garden shed for additional storage Well-maintained landscaping Attached garage with additional driveway parking Quiet, established Hillsboro neighborhood Convenient access to parks, schools, shopping, and dining Minutes to major employers like Intel and Nike
    (503) 750-5948
    Request Owner's contact information
    2706 Spruce St Hillsboro, OR 97123
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    Hillsboro, OR 97123
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2706 Spruce St Hillsboro, OR 97123
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