Listing Courtesy of: neportland@johnlscott.com - Doug Landers - John L. Scott Portland Central
503-230-8600
$1,250,000
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8451 SE FOSTER Rd Unit 8451 Portland, OR 97266
Multi-Family
Residence
Beds
Baths
...
Bed/Bath
5,225
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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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MLS#
212865825
Property Type
Multi-Family
Status
Year Built
1975
Square Feet
5,225
sq. ft
Lot Size
0.2
Sewer
Public Sewer Available
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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