11324 NE Sandy Blvd - Hospitality FOR SALE


Portland, OR 97220- Parkrose
$2,800,000 USD
503-789-1247
11324 NE Sandy Blvd, Portland, OR for Sale
$2,800,000 USD
Hospitality - FOR SALE
1/30
null | Request Cap Rate

11324 NE Sandy Blvd
Portland, OR 97220
Parkrose


HIGHLIGHTS

  • Located on NE Sandy Blvd with excellent visibility and strong traffic counts.
  • Includes 24 income-producing units plus a 4-bedroom, 2-bath manager’s residence.
  • On-site office and flexible layout support multigenerational living or extended-stay use.
  • Close to Portland International Airport, I-205, and major retail and service amenities.
  • Positioned in an area experiencing infrastructure upgrades and neighborhood growth.
  • Floor plans available upon request; property supports continued income or redevelopment.

OVERVIEW

This exceptional 24-unit income-producing property on NE Sandy Boulevard presents a rare investment opportunity in one of Portland’s most accessible and high-visibility corridors. The property spans nearly one acre and includes multiple buildings, featuring a spacious 4-bedroom, 2-bath manager’s residence and an on-site office. Its flexible configuration supports multigenerational living, extended-stay occupancy, or redevelopment potential, making it attractive for both owner-operators and investors seeking additional rental income. Strategically positioned along NE Sandy Blvd, the property benefits from strong traffic counts, proximity to major transportation routes, and easy access to Portland International Airport, I-205, and key retail and service amenities. The surrounding area is undergoing significant infrastructure upgrades, driving neighborhood growth and long-term appreciation. Floor plans are available upon request, and the property’s current use as a commercial and multi-family site offers multiple paths for value creation. With its combination of location strength, operational versatility, and redevelopment upside, this asset is well-suited for continued income generation or a repositioning strategy.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$384 USD /SF

# OF ROOMS

24

PRICE/ROOM

$116,667 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Horseshoe Inn Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1916

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

CE

APN/PARCEL ID

R235624

ASK ABOUT THIS PROPERTY

John HatchKW Realty ProfessionalsMore Info
503-789-1247

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John HatchKW Realty ProfessionalsMore Info
503-789-1247

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