8451 SE FOSTER RDPortland, OR 97266
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.
- Property Type:
MultiFamily
- Architectural Style:
- Bedrooms:
- Bathrooms:
- Dwelling Size:
5,225 Square Feet
- Lot Size:
0.20 Acres
- Lot Description:
- Stories:
2
- Year Built:
1975
- Interior Features:
- Exterior Features:
- Parking:
Garage or Parking Spaces:
Features: Assigned, OffStreet
- Area:
_143
- Views:
- Schools:
High School(s): Franklin
Middle School(s): Kellogg
Elementary School(s): Marysville
- HOA:
- Senior Community:
- Heating:
Baseboard
- Cooling:
WallUnit
- Appliances:
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
- Security Features:
- Foundation:
ConcretePerimeter
- Roof:
Composition