Hillsboro Home with Accessibility
2706 Spruce St Hillsboro, OR 97123
2706 Spruce St, Hillsboro, OR, 97123
$825,000
For Sale
$825,000
Turn key investment opportunity - Adult foster care/ Multi-generational living
Property Size2,798 SF
Price / SF$294.85
Days on Market249
Property Features for 2706 Spruce St
General Information
- Standard status
- Active
- Property type
- Senior Housing / Retirement Homes, Nursing homes, Rehabilitation centers, Healthcare properties
- Size
- 2,798 SF
- Total Parking Spaces
- 4
- Elevators
- No
- Investment Type
- Owner User
Building Details
- Year Built
- 1970
- Buildings
- 1
- Stories
- 2
Listing Office
(503) 750-5948
Added: Nov 10, 2025 Checked: Mar 16 at 9:06 am
Investment Insights
Based on property information with market context.
This updated home in a quiet, established Hillsboro neighborhood offers space, flexibility, and comfort. The property features 8 bedrooms and 4 full bathrooms. Designed with adaptability in mind, the home includes widened doorways, extra-wide hallways, and accessible bathrooms. The kitchen features a large island, updated fixtures, and quartz countertops. 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. Upstairs, there is an open-concept living and dining space and a spacious primary suite. Newer flooring is present throughout the home. There is laundry on both levels. Outside, there is a large refinished deck with a gazebo, a garden shed, and a fully fenced and landscaped backyard. The property has an attached garage with additional driveway parking. It is located minutes from parks, hospitals, schools, shopping, and major employers. The property is suitable for multi-generational living and also offers the potential to function as an adult foster care residence thanks to its accessibility features.
Key Highlights
- Spacious and flexible dual‑living floor plan
- Thoughtfully designed accessibility features throughout lower‑level
- Fully remodeled lower‑level kitchenette
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.9k | $26.40 |
| − Vacancy | −$4.4k | −$1.58 |
| EGI | $69.4k | $24.82 |
| − OpEx | −$27.8k | −$9.93 |
| NOI | $41.7k | $14.89 |
2,798 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 40.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nursing homes
Similar For Sale Nearby
Similar Off Market Nearby
- Tlc Best Homes Llc — 3834 E Main St, Hillsboro, OR 97123
FAQs
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: Spacious and flexible dual‑living floor plan; Thoughtfully designed accessibility features throughout lower‑level; Fully remodeled lower‑level kitchenette
