15855 SE Powell Blvd - Assisted Livings FOR SALE


Portland, OR 97236- Centennial
$7,500,000 USD
971-533-9074
15855 SE Powell Blvd, Portland, OR for Sale
$7,500,000 USD
Assisted Livings - FOR SALE
1/11
null | Request Cap Rate

15855 SE Powell Blvd
Portland, OR 97236
Centennial


OVERVIEW

$7,500,000 | Better Living Residential Care Facility | Portland, Oregon Excellent opportunity to acquire a newer-generation, purpose-built residential care facility with established operations in the Portland market. Constructed in 2018, Better Living RCF consists of approximately 10,204 SF on 0.42 acres and features 19 resident units / 19 beds. The facility offers above-average quality improvements, thoughtfully designed resident living spaces, common areas, and a functional layout designed to support efficient operations and resident comfort. A significant investment highlight is the facility's participation in the Oregon Department of Human Services (ODHS) Specific Needs Program, with 15 designated beds. These contracted beds provide an established government-backed referral and reimbursement source, helping support predictable placement, reduce vacancy risk, and provide a dependable recurring revenue base. The facility has demonstrated consistent financial performance, generating approximately $2.40M in revenue in FYE 2024 and $2.48M in FYE 2025. Adjusted for related-party management fees, EBITDAR was approximately $432,000 in 2024 and $474,000 in 2025. The 92% occupancy pro forma projects approximately $2.52M in annual revenue and $512,000 in adjusted EBITDAR, providing additional upside through stabilized operations and expense normalization. The April 2026 rent roll reflects 18 of 19 units occupied, or approximately 95% occupancy, further demonstrating strong in-place demand. Investment Highlights: Built in 2018 • 19 Units / 19 Beds • 15 Specific Needs Program Beds • Approx. 10,204 SF • Approx. 95% Occupied per April 2026 Rent Roll • Established Operations • Government-Backed Referral Source • $2.48M FYE 2025 Revenue • Approx. $474K FYE 2025 Adjusted EBITDAR • Approx. $512K Pro Forma Adjusted EBITDAR • Portland, Oregon Location. Asking Price: $7,500,000 Financial information and additional due diligence materials available to qualified buyers subject to seller approval. Please do not contact the facility, staff, or ownership directly or visit the property without prior authorization. Matthew Asa | Worldwide Realty, Inc. | Licensed Realtor | 971-533-9074 | realtormatt503@gmail.com

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$735 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Better Living RCF

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

R3

APN/PARCEL ID

R249492

ASK ABOUT THIS PROPERTY

Matt AsaWorld Wide Realty, Inc.More Info
971-533-9074

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Matt AsaWorld Wide Realty, Inc.More Info
971-533-9074

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.