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About the Listing JLSP50 - DLANDERS,LANDERSM
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.
Listing Highlights
Status
Active
Days on Site
17
Property Type
Multi-Family
MLS ®
212865825
Year Built
1975
Total Square Footage
5,225
Lot/Acreage
0.2
County
Multnomah
Neighborhood
Lents
Elementary School
Marysville
Middle School
Kellogg
High School
Franklin
Interior Details
- Bedrooms: 10
- Bathrooms: 10 Full
- Appliances:
- Air Cond: Wall Unit(s)
- Heating: Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Crawl Space
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Level,On Busline,Public Road
- Garage Capacity: N/A
- Parking Spaces: 10
- Zoning: CM3
- Roof: Composition
- Others: Approximately
- Sewer: Public Sewer
- Parking Features: Assigned,Off Street
Financial Details
- Tax Amount: $8,717
- Taxes w/Assessments: N/A
- Tax/Property ID: R159034
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
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Questions About..
8451 SE Foster Rd Portland, OR 97266
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