800 Undisclosed Ave Portland, OR 97210
- Retirement homes
- 14,124 SF
- 0.35 lot acres
Current Use by Public Records
- Retirement homes
Property Details for 800 Undisclosed Ave
- Year built
- 1959
- Lot size
- 0.35 lot acres
- Property size
- 14,124 SF
- Property type
- Retirement homes
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.702
- Latitude
- 45.5284
