Multifamily
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Residential Units: 5
Commercial Units: 2
Year Built: 1925
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NOI: $76,039
List Price: $1,270,000
P/SF: $175
6.0% Cap Rate
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FOR SALE
Accepting Offers
Lead Advisor:
Raven’s Nest Apartments
6622-6626 NE SANDY BLVD • PORTLAND, OR
This property is strategically located on NE Sandy Blvd, offering direct access to Downtown Portland, PDX Airport, MODA Center, and key business and consumer hubs. Positioned on a corner lot along a major thoroughfare, it presents a prime opportunity for future redevelopment. The site benefits from high visibility and traffic, with over 11,000 vehicles passing daily, making it ideal for a mixed-use commercial and residential development.
Currently a fully-occupied investment property, it provides strong cash flow with significant upside potential. The flexible tenant mix supports both residential and commercial uses, optimizing leasing opportunities and long-term income. With CM2 zoning, a 45-foot height limit, and a 4:1 FAR, future owners have various options for maximizing the property's potential.
