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203-209 NW 3rd Ave
Portland, OR 97209 Old Town-Chinatown

$4,500,000 USD

Hotel For Sale • 11,924 SF

Property Details

Property Type Hotel
Total Building Size 11,924 SF
Lot Size 0.07 AC
Building Class B
Year Built 1881
Zoning CX

100 Transit Score

100 Walk Score

                
                    Highlights
                
                                9.63% Cap Rate | 11.77% ROI | 4.18 GRM (Actuals)
                            
                                Economy | Select-Service | 38 Keys + 24 Bunks  (62 Beds Total) | Flexible Ensuite, European, and Dorm-style Rooms
                            
                                Qualified Opportunity Zone Location | Ideal For Multifamily, Co-Housing, Or Adaptive Reuse
                            
                                Walkable Old Town Chinatown Neighborhood | 3 Blocks To Waterfront Park & River
                            
                                Historic Property With LEED Silver Certification | Independent Hotel - Brand Does Not Transfer
                            
                                TripAdvisor's #1 Ranked Portland Metro Hostel

Property Flyers

The Society Hotel - Portland Flyer

Green Rating

LEED Silver

Amenities

Restaurant
Patio
On-Site Bar
Meeting Event Space
Public Access Wifi
Smoke-Free

Public Transportation

Commuter Rail	Drive	Walk	Distance
	2 min	8 min	0.4 mi
Beaverton Transit Center (West Side Express) (Westside Express Service - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	17 min	-	8.4 mi
Transit/Subway	Drive	Walk	Distance
Old Town/Chinatown (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail), MAX Red Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	2 min	2 min	0.1 mi
NW 5th & Couch (MAX Green Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail), MAX Yellow Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail), Portland Vintage Trolley - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	1 min	3 min	0.1 mi
NW 6th & Davis (MAX Green Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail), MAX Yellow Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail), Portland Vintage Trolley - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	1 min	3 min	0.2 mi
Skidmore Fountain (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail), MAX Red Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	1 min	4 min	0.2 mi
Union Station/NW 5th & Glisan (MAX Green Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail), MAX Yellow Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail), Portland Vintage Trolley - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	2 min	5 min	0.3 mi
Airport	Drive	Walk	Distance
Portland International	21 min	-	11.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Joseph Kennedy 503-530-1316 Crystal Investment Property

203-209 NW 3rd Ave Portland, OR 97209 Old Town-Chinatown