Vera
Exterior

Exterior

CommercialHospitality - Hotel / Motel

845 Washington Ave, Portland, OR 97201

Description

Class A property with premium finishes and amenities. Attracts high-quality tenants willing to pay premium rents.

Property Details

Building Size

29,367 SF

Lot Size

77,270 SF

Year Built

1969

Location

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Approximate location · 45.5503, -122.7154

For Sale
Verified

Asking Price

$19,060,000

Cap Rate

8.6%

Net Operating Income

Pro Forma

$1,639,160

Gross Income$2,294,824
Operating Expenses$655,664
Vacancy Rate10%
Occupancy: 86%

Listed by

David Park
David Park

developer

Last verified: 8/20/2026