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Quality Inn Downtown Convention Center 431 NE Multnomah St 80 Room Hotel Portland, OR 97232 $3,800,000 ($47,500/Room)

Hotels Oregon Portland 431 NE Multnomah St, Portland, OR 97232

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EXECUTIVE SUMMARY

80 room Quality Inn, just blocks from Oregon Convention Center, Moda Center. Property is on leased ground with 37 remaining years. Land can be purchased for 2.5million. This is a great conversion opportunity for conversion to other residential type uses or running as is.

PROPERTY FACTS

Price $3,800,000 Building Size 38,693 SF
Price Per Room $47,500 No. Rooms 80
Sale Type Investment No. Stories 2
Sale Conditions
Ground Lease (Leasehold)
  • Business Value Included
  • Lease Option
 Year Built/Renovated 1965/2012
Property Type Hospitality Tenancy Single
Property Subtype Hotel Parking Ratio 1.94/1,000 SF
Building Class C Corridor Interior
Lot Size 0.83 AC 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 CX - The CX zone is a high-density commercial zone intended for development within Portland's most urban and intense areas. The CX zone allows for intense
Price $3,800,000
Price Per Room $47,500
Sale Type Investment
Sale Conditions
Ground Lease (Leasehold)
  • Business Value Included
  • Lease Option
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.83 AC
Building Size 38,693 SF
No. Rooms 80
No. Stories 2
Year Built/Renovated 1965/2012
Tenancy Single
Parking Ratio 1.94/1,000 SF
Corridor Interior
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 CX - The CX zone is a high-density commercial zone intended for development within Portland's most urban and intense areas. The CX zone allows for intense

AMENITIES

  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Suite 4 $204.00 -
Guest Room 76 $146.00 -
1 1
431 NE Multnomah St, Portland, OR - AERIAL map view
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (81)
Bike Score®
Biker's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number R182192 Improvements Assessment $0
Land Assessment $0 Total Assessment $5,960,030

PROPERTY TAXES

Parcel Number
R182192
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,960,030
(360) 609-2862

Still interested?

Contact the broker for more information about this property

CONTACT

  • Uresh Patel
    Uresh Patel
  • Rokk - Quality Inn Downtown Convention Center P...

  • Listing ID: 39026292

  • Date on Market: 1/9/2026

  • Last Updated:

  • Address: 431 NE Multnomah St, Portland, OR 97232

More public record information on 431 NE Multnomah St, Portland, OR 97232

The Lloyd District Hospitality Property at 431 NE Multnomah St, Portland, OR 97232 is currently available. Contact Rokk - Quality Inn Downtown Convention Center P... for more information.

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Quality Inn Downtown Convention Center | 431 NE Multnomah St
(360) 609-2862 x

Quality Inn Downtown Convention Center | 431 NE Multnomah St

Uresh Patel
(360) 609-2862

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