Property profile

431 Multnomah St Portland, OR 97232

OFF-MARKET
Hotels
Property ID
US71-0405487
38,693 SF 0.83 ac lot Built 1967
Entity Owned 14-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This two-story, 80-unit hotel is located in downtown Portland, Oregon, with an interior corridor room layout and parking available both underground and at the surface level. The building contains 38,693 square feet and includes on-site amenities such as a meeting room, breakfast room, and dining room. It is situated within walking distance of the Oregon Convention Center, nearby restaurants and breweries, and public transportation, and it has convenient access to Interstates 5 and 84. The property is also positioned near the Pearl District and central downtown Portland, providing access to cultural and entertainment venues.

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1967
Total area 38,693 SF
Lot 0.83 ac (36,100 SF)
Zoning code CXD
APN 1N1E35BB 02100
UPID US71-0405487

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Church Mosque

Location

431 Multnomah St Portland, OR 97232-2010
Portland metro Census 2303 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.87M

Owner & transaction history

since 2012
6 recorded transactions
2020
Price N/A
2012
$2.9M
2011
Price N/A
1998
Price N/A
1995
Price N/A
1969
Price N/A

Zoning & alternative use

CXD · Portland, OR

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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