Active

$1,250,000

8451 SE Foster Rd, Portland, OR 97266

10beds

5,225sqft

Est.:

Multi Family

Built in 1975

-- sqft lot

$-- Zestimate^®

$239/sqft

$-- HOA

What's special

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.

52 days

138

6

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 10
Bathrooms: 10
Full bathrooms: 7
Partial bathrooms: 3

Heating

Baseboard

Cooling

Wall Unit(s)

Appliances

Included: Dishwasher, Disposal, Range, Refrigerator, Electric Water Heater
Laundry: Common Area

Features

Basement: Crawl Space

Interior area

Total structure area: 5,225
Total interior livable area: 5,225 sqft

Property

Parking

Total spaces: 10
Parking features: Assigned, Off Street

Features

Stories: 2

Lot

Size: 8,712 Square Feet
Features: Level, On Busline, SqFt 7000 to 9999

Details

Parcel number: R159034
Zoning: CM3

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, Cement Siding, Lap Siding
Foundation: Concrete Perimeter
Roof: Composition

Condition

Approximately
Year built: 1975

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Connected

Community & HOA

Community

Features: Laundry
Subdivision: Lents

Location

Region: Portland

Financial & listing details

Price per square foot: $239/sqft
Annual tax amount: $8,716
Date on market: 2/12/2026
Listing terms: Cash,Conventional
Total actual rent: 8617
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
2/13/2026	Listed for sale	$1,250,000+92.6%$239/sqft
Source: RMLS (OR) #212865825 Report a problem
4/24/2017	Listing removed	$950
Source: Fox Management, Inc. - Property # 317114 Report a problem
4/10/2017	Listed for rent	$950
Source: Fox Management, Inc. - Property # 317114 Report a problem
12/11/2015	Sold	$649,000$124/sqft
Source: RMLS (OR) #15103187 Report a problem
11/25/2015	Pending sale	$649,000$124/sqft
Source: Soldera Properties, Inc #15103187 Report a problem
10/28/2015	Listed for sale	$649,000$124/sqft
Source: Soldera Properties, Inc #15103187 Report a problem
10/22/2015	Pending sale	$649,000$124/sqft
Source: Soldera Properties, Inc #15103187 Report a problem
9/28/2015	Listed for sale	$649,000+23.6%$124/sqft
Source: Soldera Properties, Inc #15103187 Report a problem
11/29/2012	Sold	$525,000$100/sqft
Source: RMLS (OR) #12504530 Report a problem