8451-8463 SE Foster Rd - Apartments FOR SALE


Portland, OR 97266- Lents
$1,250,000 USD
503-230-8600
8451-8463 SE Foster Rd, Portland, OR for Sale
$1,250,000 USD
Apartments - FOR SALE
1/11
null | 5.12% Cap Rate

8451-8463 SE Foster Rd
Portland, OR 97266
Lents


HIGHLIGHTS

  • New Roof 2021
  • New Siding and Exterior Paint 2016
  • Zoning CM3 in Key Lents Location

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

7

PRICE/UNIT

$178,571

CAP RATE

5.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lents Apartments Lents Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,549 SF

ZONING

CM3

APN/PARCEL ID

R159034

ASK ABOUT THIS PROPERTY

Israel HillJohn L. Scott Real EstateMore Info
503-230-8600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Israel HillJohn L. Scott Real EstateMore Info
503-230-8600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.