11324 NE SANDY BLVD Portland, OR $ 2,800,000
11324 NE SANDY BLVD
$ 2,800,000
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11324 NE SANDY BLVD

Portland, OR, 97220
$ 2,800,000
Bedrooms-- Baths-- Sq 7,294

Monthly Estimate*

$ 17,240

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Commercial Property for sale in Portland, OR

for $2,800,000. This 7,294 square foot building was built in 1930 on a lot size of 0.71.

Exceptional 24-Unit Income-Producing Motel on NE Sandy BlvdPrime investment opportunity along NE Sandy Blvd, offering excellent visibility, strong traffic counts, and convenient access to major transportation corridors. This 24-unit motel spans multiple buildings and includes an on-site office paired with a spacious 4-bedroom, 2-bath manager’s residence - ideal for owner-operators seeking operational efficiency or investors looking to generate additional rental income.The office/residence features a well-designed layout with a generous kitchen that opens to the main living area, a primary bedroom on the main level, and additional living space on the lower floor. Its configuration supports multigenerational living, extended-stay occupancy, or flexible use depending on ownership needs. Floor plans available upon request.Strategically positioned along a corridor undergoing significant infrastructure upgrades and long-term mixed-use redevelopment, the property stands to benefit from continued neighborhood growth and future value appreciation.With close proximity to Portland International Airport, I-205, and key retail and service amenities, this asset is well suited for continued motel operations or a value-add repositioning strategy. Financials available upon request. Buyer to perform all due diligence.

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Commercial Active

Price

$ 2,800,000

Property Type

Commercial

Taxes

$ 21,604

Style

HotelMotel

Lot Size

0.71

Year Built

1930

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

375021372

Features
General
Sewer PublicSewer
Heating MiniSplit WallHeater
Cooling MiniSplit
Roof Metal
Zoning CE
Construction Materials WoodSiding
Year Built 1930
Sale Includes Building Business Land
Stories Count 1
Property Subtype HotelMotel
Tax Year 2025
Current Use HotelMotel
Parcel Number R235624
Gross Income 0
Business Name Horseshoe Inn Motel
County Multnomah
Operating Expense 0
Property Type CommercialSale
HOA N
Status Active
Directions NE Sandy south side between NE 112th and NE 115th. Horseshoe Inn Motel sign.
City Portland
MLS Area _142
Lot Size Square Feet 30927.0
Listing Terms Cash
Tax Annual Amount 21604.54
Property Condition Existing
Virtual Tour https://www.horseshoeinnmotelpdx.com/
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description PARKROSE & RPLT BLOCK 65 LOT A&B
Year Established 1930
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Exterior
Road Frontage 131
Parking Features OffStreet OnSite
Water Source PublicWater
Total Parking 24.0
Number of Buildings 6
Building Area Total 7294.0
Lot Dimensions .71 acres
Lot Size Acres 0.71
Road Surface Type Paved
Other Equipment Fixtures Furniture SecuritySystem SmokeDetector
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Internal Only
Street Number 1 11324
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* Excluded Features
List By
Keller Williams Realty Professionals

Broker

john@hatchhomes.com

Email

Affordability Calculator

$19,040
Per Month
91%
9%
0%
Monthly Principal & Interest
$17,240
Monthly Property Taxes
$1,800
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/11/2026$2,800,000 Listed Price

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11324 NE SANDY BLVD, Portland, OR, 97220 is a Commercial Property for sale at $2,800,000 with 7,294 sqft and a lot size of 0.71. 11324 NE SANDY BLVD was built in 1930. The property's zip code is 97220 which is in Portland, OR