Property profile

4450 38th Ave Portland, OR 97211

OFF-MARKET
Assisted living facilities
Property ID
US71-0028352
4,948 SF 0.12 ac lot Built 1942
Individually Owned 4-yr Hold
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1942
Total area 4,948 SF
Lot 0.12 ac (5,227 SF)
Zoning code R5
APN 1N1E24DA 09400
UPID US71-0028352

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Adult Day Care
  • Nursing Home

Location

4450 38th Ave Portland, OR 97211-8224
Portland metro Census 3000 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$848k
Blend (final) Blend
$945k

Owner & transaction history

since 2022
Last sale
$1.1M
7 recorded transactions
2022
$1.1M
2018
Price N/A
2012
$372,000
2011
$100
2009
$385,000
2004
$296,000
1998
$172,500

Zoning & alternative use

R5 · 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 $1.5M +54.8%
Medical building $1.5M +53.2%
Retail stores $1.5M +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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