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Property summary
This exceptional 5,522 square foot hotel, located at 9110 SW Barbur Blvd in Portland, Oregon, presents a unique investment opportunity. Built in 1940 and situated on a substantial 26.136-acre lot, this well-maintained property boasts 16 guest suites, nine of which include kitchenettes. Eleven suites offer the added convenience of single-car garages. The property's permitted Commercial Employment (CE) zoning allows for flexibility in future use, with potential for conversion to apartments or extended-stay units. The property's current condition is excellent, with zero deferred maintenance, and features above-market finishes. An attractive two-bedroom, two-bathroom manager's apartment provides ample space for on-site staff or management. Its prime location in Multnomah Village offers easy access to Pacific Highway and Interstate 5, attracting a significant number of out-of-state travelers. The property's strong performance and versatile zoning make it an ideal investment for those seeking a high return on investment. The asking price is $3,700,000. The property's zip code is 97219, and it is located in Multnomah County.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CG · Portland, ORZoning
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Zoning designation
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The district profile from the municipal source: what is on file for CG in Portland, OR.
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