6040 Wi Se Belmont St Portland, OR 97215
Property profile & analytics
6040 Wi Se Belmont St Portland, OR 97215
- Assisted living facilities
- 0.91 lot acres
Property ID
US71-0067877
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Erika Sigrist / Alternative Medicine Practice
- Marquis Mt. Tabor / Rehabilitation Center
- Bridget A. Mccarthy, OT / Physician
- Jessica L. Gonzales, OTR / Physician
- Vladislav L. Polevoy, COTA / Physician
Property Details for 6040 Wi Se Belmont St
- Year built
- 1970
- Lot size
- 0.91 lot acres
- Zone code
- R2
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 1S2E06AA 01600
- APU
- 1S2E06AA01600
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.601
- Latitude
- 45.5172
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,022
$0.00
$0.00
$378,190
-
$798,000
$92,110
$890,110
