Phoebe Flats

HFO is pleased to present 11518 NE Sandy Blvd. Built in 1939, 11518 NE Sandy Blvd is a mixed-use property along the NE Sandy Blvd corridor in Portland, comprising 8 residential units and 2 commercial units. The property has been fully renovated, including roofing, siding, interiors, and plumbing. Current residential rents are below market, and one commercial unit sits vacant, presenting a lease-up and value-add opportunity for a new owner. The residential unit mix includes studio, one-bedroom, and two-bedroom layouts averaging 476 SF, on a 0.39-acre lot totaling 6,088 SF.