Skip to main content

Mixed-Use

4450 NE 38th Ave

4450 NE 38th Ave, Portland, OR 97211

Listing Price: $1,650,000

Cap Rate
6.02%
Number of Units
3
Occupancy
100.0%
Price/Unit
$550,000
Price/Gross SF
$308.12
Gross SF
5,355

Investment Overview

Marcus & Millichap is pleased to present this 100% occupied mixed-use property located in NE Portland. This property is 5,355 rentable square feet. A senior care home occupies 58% of the GLA and 42% is occupied by two ADU's. Riverwalk Adult Care Home occupies the street facing building and it sleeps 6 residents with 6 private bathrooms and 1 caretaker. The ADU's are both two bedroom, one bath units with laundry and high end finishes. This property is located in the Beaumont-Wilshire neighborhood in NE Portland. This area is well established and known for its mix of urban and serene lifestyles. It has a mix of residential and commercial properties with the primary retail corridor being NE Fremont Street. It is a very walkable area that is filled with well-maintained properties. This provides the opportunity for an investor to acquire a stabilized asset with multiple income streams with strong, long-term growth potential.

Investment Highlights

  • Stable mixed-use investment in NE Portland
  • Hedge against inflation with optional 14.6% rent increases
  • Cash-flowing asset with mixed income streams
  • High end finishes
  • Desirable residential neighborhood

Exclusively Listed By

Mixed-Use

4450 NE 38th Ave

Listing Price: $1,650,000

Cap Rate
6.02%
Number of Units
3
Occupancy
100.0%
Price/Unit
$550,000
Price/Gross SF
$308.12
Gross SF
5,355

Investment Highlights

  • Stable mixed-use investment in NE Portland
  • Hedge against inflation with optional 14.6% rent increases
  • Cash-flowing asset with mixed income streams
  • High end finishes
  • Desirable residential neighborhood

Investment Overview

Marcus & Millichap is pleased to present this 100% occupied mixed-use property located in NE Portland. This property is 5,355 rentable square feet. A senior care home occupies 58% of the GLA and 42% is occupied by two ADU's. Riverwalk Adult Care Home occupies the street facing building and it sleeps 6 residents with 6 private bathrooms and 1 caretaker. The ADU's are both two bedroom, one bath units with laundry and high end finishes. This property is located in the Beaumont-Wilshire neighborhood in NE Portland. This area is well established and known for its mix of urban and serene lifestyles. It has a mix of residential and commercial properties with the primary retail corridor being NE Fremont Street. It is a very walkable area that is filled with well-maintained properties. This provides the opportunity for an investor to acquire a stabilized asset with multiple income streams with strong, long-term growth potential.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower