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Group Home 217 NE 192nd Ave 2,932 SF 100% Leased Flex Building Portland, OR 97230 $619,000 ($211.12/SF)

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Investment Highlights

Five-bedroom single-family residence featuring an individual full bathroom in each bedroom for enhanced privacy.
Offers two expansive shared living areas designed for community gatherings or multiple-use purposes.
Features large front and rear yards with ample parking space, situated on a 4,791.6-square-foot lot.

Includes a full community kitchen and an additional half-bath, supporting a functional living arrangement for group scenarios.
Equipped with a shared laundry room and recent updates, including a brand-new lifetime roof for added durability.
Conveniently located near major freeways and public transit access, supporting ease of commute for residents or potential care facility operations.

Executive Summary

This is a rare group housing or community living opportunity in NE Portland! Fully vacant and ready for its next use. Features include five bedrooms each with a full bathroom. There are two large shared living areas, and a full community kitchen, shared laundry room, and an additional community half-bath. Spacious front and back yards, large parking area, and great curb appeal. Ideal for residential care, transitional housing, or nonprofit use. Convenient location with easy freeway and transit access. Buyer to verify all permitted uses and development potential. Seller installed a brand new lifetime roof.
Fully vacant. All showings must be approved in advance by listing agent. Sentri lockbox is located on the railing across from the front door. Current seller is exempt from Multnomah County property taxes due to being a government affordable housing provider. This exemption will not transfer; property taxes will apply after transfer unless buyer also qualifies for exemption. Ideal for group home, nonprofit housing, or other care related uses. Buyer to perform all due diligence regarding zoning, permitted uses, taxes, and condition. Interior is functional but dated.

Property Facts

Price	$619,000	Lot Size	0.11 AC
Price Per SF	$211.12	Rentable Building Area	2,932 SF
Sale Type	Investment or Owner User	No. Stories	2
Property Type	Flex	Year Built	1996
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	LDR - LDR zoning stands for Low-Density Residential, a land-use designation intended for neighborhoods with fewer homes per acre, prioritizing single-family detached houses, larger lot sizes, and a quiet, suburban or rural character.

Price	$619,000
Price Per SF	$211.12
Sale Type	Investment or Owner User
Property Type	Flex
Building Class	C
Lot Size	0.11 AC
Rentable Building Area	2,932 SF
No. Stories	2
Year Built	1996
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	LDR - LDR zoning stands for Low-Density Residential, a land-use designation intended for neighborhoods with fewer homes per acre, prioritizing single-family detached houses, larger lot sizes, and a quiet, suburban or rural character.