8451 SE Foster Rd, Portland, OR 97266

Portland
Local realty services provided by:Knipe Realty ERA Powered
8451 SE Foster Rd,Portland, OR 97266
$1,175,000
  • - Beds
  • - Baths
  • 5,225 sq. ft.
  • Multi-family
  • Active
Listed by: doug landers, maddie landers
Office: john l. scott portland central503-230-8600
MLS#:212865825
Source:PORTLAND

Price summary

  • Price:$1,175,000
  • Price per sq. ft.:$224.88

About this home

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 5.44 and an NOI of $9,137 per door. Priced competitively at $1,175,000, 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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Home facts

  • Year built:1975
  • Subdivision & Development:LENTS
  • Listing ID #:212865825
  • Added:188 day(s) ago
  • Updated:August 21, 2026 at 11:39 AM

Rooms and interior

  • Basement Description:Crawl Space
  • Living area:5,225 sq. ft.

Heating and cooling

  • Cooling:Wall Unit
  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1975
  • Building area:5,225 sq. ft.
  • Lot area:0.2 Acres
  • Lot Features:Level, On Busline, Public Road
  • Foundation Description:Concrete Perimeter
  • Levels:2 Stories

Schools

  • High school:Franklin
  • Middle school:Kellogg
  • Elementary school:Marysville

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,175,000
  • Price per sq. ft.:$224.88
  • Tax amount:$8,717 (2025)

Parking

  • Total parking spaces:10
  • Parking description:Assigned, Off Street
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Knipe Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: August 21, 2026

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