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Additional details
Listed by John L. Scott Portland Central • portlandcentral@johnlscott.com
$ 1,175,000
Est. payment /mo
Price Dropped by $75K
8451 SE FOSTER RD Portland, OR 97266
5,225 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,225 sqft
Price per Sqft $224
Subdivision Lents
MLS Listing ID 212865825
Year Built 1975
Annual Tax Amount $8,716
Tax Year 2025
Lot Size 8,712 Sqft
Property Description
Discover a prime investment opportunity in Southeast Portland with this well-maintained 7-unit multifamily property located in the vibrant Lents neighborhood. Originally built in 1973, this property offers a balanced unit mix of three 2-bedroom apartments and four 1-bedroom apartments, appealing to a wide range of renters. Positioned conveniently along a major bus line, residents enjoy easy access to public transportation, local shops, dining, and neighborhood amenities, making it a desirable and accessible location. This asset offers investors solid financial performance, featuring a cap rate of 5.12 and an NOI of $9,137 per door. Priced competitively at $1,250,000, it presents an excellent balance of stable cash flow and long-term appreciation potential within one of Portland's continually improving submarkets.
Location
State OR
County Multnomah
Community Laundry
Area _143
Zoning CM3
Rooms
Basement Crawl Space
Interior
Heating Baseboard
Cooling Wall Unit
Exterior
Community Features Laundry
Roof Type Composition
Garage No
Building
Lot Description Level, On Busline, Public Road
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Marysville
Middle Schools Kellogg
High Schools Franklin
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Amenities & Attractions