8451 SE FOSTER RD, Portland, OR 97266
8451 SE FOSTER RD, Portland, OR 97266
8451 SE FOSTER RD, Portland, OR 97266
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Listed by John L. Scott Portland Central • portlandcentral@johnlscott.com
$1,175,000
Est. payment /mo
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5,225 SqFt
Price Dropped by $75K

8451 SE FOSTER RD Portland, OR 97266

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Donna Jo Merrifield

Donna Jo Merrifield

+1(541) 981-1436

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 5.44 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.

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

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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Donna Jo Merrifield

Donna Jo Merrifield

Principal Broker, South/Central OR Area Leader, Dream & Key Group Team Leader | License ID: 971200102

+1(541) 981-1436

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8451 SE FOSTER RD