For Sale

Rockwood Tower

2261 NE 181st Ave, Gresham, OR 97230

$1,900,000

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Rockwood Tower is a 33,967 SF, four-story, 75-room facility uniquely positioned for non-profit and human services organizations. Built in 1997 and converted to emergency shelter under Oregon’s Project Turnkey program in 2021, the property features program improvements in place. Located on NE 181st Ave in Gresham at the I-84 interchange (Exit 13) with 39,000 daily vehicles, it offers immediate I-84 access, proximity to Portland International Airport (16 minutes), and nearby MAX transit. Offered AS-IS through court-appointed receivership at $1,900,000—$25,000 per room, far below replacement cost. A housing-use restriction requires continued shelter or housing operations. A cost-effective opportunity combining significant savings, existing infrastructure, and proven program framework for organizations seeking to expand shelter or supportive housing capacity.

  • SF: 33,967 SF Former hotel (typical floor +/-8,491 SF)
  • No. of floors: 4
  • No. of rooms: 75
  • Site size: 1.09 AC

Asking Price

$1,900,000

Location

Portland - Northeast Portland

Building Size

33,967 SF

Aerial view of former hotel with green roof and red accents
street level view of former hotel with green roof and red accents
Aerial view of former hotel with green roof and red accents
Aerial view of former hotel with green roof and red accents and parking
Aerial view of former hotel with green roof and red accents with freeway in background

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© 2022 NAI Elliott - All Rights Reserved

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