Property profile

1701 116th Pl Portland, OR 97220

OFF-MARKET
Assisted living facilities
Property ID
US71-0526089
3,172 SF 0.24 ac lot Built 1955
Individually Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1955
Total area 3,172 SF
Lot 0.24 ac (10,472 SF)
Zoning code R7
APN 1N2E27DC 04500
UPID US71-0526089

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1701 116th Pl Portland, OR 97220-1924
Portland metro Census 8002 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$440k
Blend (final) Blend
$610k

Owner & transaction history

since 2020
Last sale
$580,000
7 recorded transactions
2020
$580,000
2017
Price N/A
2013
Price N/A
2012
Price N/A
2008
Price N/A
1995
Price N/A
1969
Price N/A

Zoning & alternative use

R7 · Portland, OR
Zoning description

The single dwelling zone is intended to preserve land for housing and to provide housing opportunities for individual households

General category RESIDENTIAL
Top alternative use upside
Auto repair, garage $970,000 +54.8%
Medical building $960,000 +53.2%
Retail stores $950,000 +52.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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