Listing provided courtesy of John L. Scott Portland Central- MLS# 212865825
Contact Information: [email protected]
Contact Information: [email protected]Images
Request Info8451 SE FOSTER RDPortland, OR 97266
Multi-Family · 5,225 Sq. ft. | 0.20 Acres$1,175,000
Active
8451 SE FOSTER RD Overview
- Time on Site:
- 136 days
- Visits:
- 0
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.
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8451 SE FOSTER RD Facts & Features
- Type Multi-Family
- Sq. ft. 5,225
- Price/Sq.ft. $225
- Lot 0.20 Acres
Details
General
School Information
- Elementary School: Marysville
- Middle Or Junior School: Kellogg
- High School: Franklin
Income/Expenses
- Gross Income: 108851.0
- Gross Scheduled Income: 116470.0
- Net Operating Income: 63961.0
- Operating Expense: 44890.0
Building Information
- Year Built: 1975
Location/Region
- Country: US
- County Or Parish: Multnomah
- MLS Area Major: 143 - Portland Southeast
- Subdivision Name: LENTS
Community/Development
- Community Features: Laundry
Rent/Lease Information
- Rent Includes: Maintenance Grounds,Trash Collection
Tax Information
- Tax Annual Amount: 8716.7
- Tax Year: 2025
General Information
- Disclosures: Exempt
- Listing Terms: Cash,Conventional
- Parcel Number: R159034
- Property Condition: Approximately
- Property Type: Multi Family
- Zoning: CM3
Interior
Building Interior
- Building Area Total: 5225.0
General Information
- Basement: Crawl Space
- Cooling: Wall Unit(s)
- Foundation Details: Concrete Perimeter
- Heating: Baseboard
- Stories: 2
Exterior
Parking Information
- Parking Features: Assigned,Off Street
- Parking Total: 10.0
Lot Information
- Lot Features: Level,On Busline,Public Road
- Lot Size Acres: 0.2
- Lot Size Square Feet: 8712.0
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Roof: Composition
General Information
- Number Of Units Total: 7
- Sewer: Public Sewer
8451 SE FOSTER RD Neighborhood
Community
97266 (Portland) Demographics
37
Median Age
6,074
Population Density (per sq. mile)
34%
College Educated
$59,062
Estimated Median Income
7,421
Estimated Total Home Owners
6,018
Estimated Total Renters
55% / 45%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.8451 SE FOSTER RD Monthly Cost
8451 SE FOSTER RD Market Data
Based on the last 30 days in this zip code
$442,581
Average List Price
$273
Average Price per Square Foot
21
Properties Sold
93
Average Days on Market
145
Properties for Sale
8451 SE FOSTER RD History
| Date | Value | Agent |
|---|---|---|
| 6/12/2026Source: Regional MLS | $1,175,000 -6.0% |
|
| 2/13/2026Source: Regional MLS | February 13, 2026 |