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About This Home
This 10-bedroom, 10-bathroom residential multi family at 8451 SE FOSTER Rd in Portland, OR is listed for $1,250,000 ($239 per sqft). Built in 1975, the home offers 5,225 sqft of living space on a 0.20 acres lot.
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.
Key Features
- Built in 1975
- 0.20 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$6,685/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
8451 SE FOSTER Rd
Portland, OR 97266
LENTS
Property Details
Heating
Cooling
Questions & Answers
This 10-bedroom, 10-bathroom residential multi family at 8451 SE FOSTER Rd is listed at $1,250,000 ($239/sqft). The estimated monthly payment is $5,417 based on 20% down at 6.5% interest.
Key features include: Built in 1975, 0.20 acre lot, 2 stories.
This property is listed by Doug Landers and can be reached at 5039363905 or douglanders@johnlscott.com.
