6040 Wi Se Belmont St, Portland, OR 97215

This exceptional Portland investment property, located at 6040 SE Belmont St, offers a compelling blend of income generation and value-add potential. The 131,640 square foot building sits on a 3.77-acre lot encompassing two parcels. The main parcel houses a multi-tenant complex anchored by Marquis Mt. Tabor, a regional senior care provider with 30 locations, currently occupying a significant portion of the space. Additional office and creative office tenants contribute to the property's strong occupancy rate of 84.35%. The property boasts a substantial net operating income (NOI) of $640,406, translating to a 4.20% cap rate and a price per square foot of $115.85. Built in 1922, the Class B building is zoned RM1, presenting opportunities for future development or expansion. The second parcel, a separate lot across the street, offers additional development potential. This property presents a rare opportunity to acquire a well-located, income-producing asset with significant upside through lease-up, rent increases, and potential redevelopment of underutilized space. The asking price is $15,250,000. This investment is ideal for those seeking a value-add opportunity in a thriving Portland market.