8451 SE FOSTER RD, Portland, OR 97266
- $1,175,000
- 5,225
- SqFt
- List Price
- $1,175,000
- Price Change
- ▼ $75,000 1781301146
- Days on Market
- 166
- MLS#
- 212865825
- Property Type
- Multifamily
- Sqft. of Residence
- 5,225
- Lot Size
- 7, 000 to 9, 999 SqFt
- Region
- Portland Southeast
- Status
- ACTIVE
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 5.44 and an NOI of $9,137 per door. Priced competitively at $1,175,000, it presents an excellent balance of stable cash flow and long-term appreciation potential within one of Portland’s continually improving submarkets.
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Additional Information
- Tax Amount
- $8,716
- Year Built
- 1975
- High School
- Franklin
- Elementary School
- Marysville
- Middle School
- Kellogg
- Acres
- 0.20
- Living Area
- 5,225
- Stories
- 2
- Subdivision
- LENTS
- Terms
- Cash, Conventional
- Cooling Description
- Wall Unit(s)
- Fuel Description
- Electricity
- Heating Description
- Baseboard
- Hoa Rent Includes
- Maintenance Grounds, Trash Collection
- Hot Water Description
- Electricity
- Exterior Description
- Brick, Cement Siding, Lap Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Assigned, Off Street
- Parking Description
- Assigned, Off Street
- Road Surface
- Paved
- Number Of Units Total
- 7
- Unit Type One Baths Total
- 2
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1350
- Unit Type One Sq Ft
- 925
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 2
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 2
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 1350
- Unit Type Three Sq Ft
- 900
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 1
- Unit Type Four Rent
- 1224
- Unit Type Four Sq Ft
- 700
- Unit Type Four Units Total
- 1
- Unit Type Five Rent
- 1085
- Unit Type Five Sq Ft
- 700
- Unit Type Five Units Total
- 1
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Listing courtesy of John L. Scott Portland Central.
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