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Horseshoe Inn Motel 11324 NE Sandy Blvd 24 Room Hotel Portland, OR 97220 $2,800,000 ($116,667/Room)
Investment Highlights
- Located on NE Sandy Blvd with excellent visibility and strong traffic counts.
- On-site office and flexible layout support multigenerational living or extended-stay use.
- Positioned in an area experiencing infrastructure upgrades and neighborhood growth.
- Includes 24 income-producing units plus a 4-bedroom, 2-bath manager’s residence.
- Close to Portland International Airport, I-205, and major retail and service amenities.
- Floor plans available upon request; property supports continued income or redevelopment.
Executive Summary
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.
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.
Property Facts
| Price | $2,800,000 | Building Size | 7,294 SF |
| Price Per Room | $116,667 | No. Rooms | 24 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1916 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 2.74/1,000 SF |
| Lot Size | 0.71 AC | Corridor | Exterior |
| Zoning | CE | ||
| Price | $2,800,000 |
| Price Per Room | $116,667 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 7,294 SF |
| No. Rooms | 24 |
| No. Stories | 1 |
| Year Built | 1916 |
| Tenancy | Single |
| Parking Ratio | 2.74/1,000 SF |
| Corridor | Exterior |
| Zoning | CE |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 24 | $65.00 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R235624 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $944,110 |
Property Taxes
Parcel Number
R235624
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$944,110
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Horseshoe Inn Motel | 11324 NE Sandy Blvd
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