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8451 SE FOSTER RD Portland, OR $ 1,250,000
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8451 SE FOSTER RD
$ 1,250,000
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8451 SE FOSTER RD

Portland, OR, 97266
$ 1,250,000
Bedrooms10 Baths10.0 Sq 5,225

Monthly Estimate*

$ 7,696

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Multi-Family Home for sale in Portland, OR

for $1,250,000 with 10 bedrooms and 10 full baths. This 5,225 square foot home was built in 1975 on a lot size of 0.2.

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.

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Multi-Family Active

Price

$ 1,250,000

Bedrooms

10

Full Bath

10

Property Type

Multi-Family

Taxes

$ 8,716

Style

Lot Size

0.2

Year Built

1975

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

212865825
Features
General
Sewer PublicSewer
Heating Baseboard
Cooling WallUnit
Roof Composition
Zoning CM3
Year Built 1975
Stories Count 2
Tax Year 2025
Parcel Number R159034
Gross Income 108851.0
Community Features Laundry
County Multnomah
Net Operating Income 63961.0
Operating Expense 44890.0
Property Type MultiFamily
HOA N
Subdivision Name LENTS
Rent Includes MaintenanceGrounds TrashCollection
Status Active
Directions On SE Foster Road - Parking Lot entrance off SE Ellis St at back of property
High School Franklin
City Portland
Disclosures Exempt
Number Of Units Total 7
MLS Area _143
Lot Size Square Feet 8712.0
Listing Terms Cash Conventional
Elementary School Marysville
Tax Annual Amount 8716.7
Middle/Junior High School Kellogg
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description EVELYN BLOCK 2 LOT 6&7
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Interior
Basement CrawlSpace
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 2
Unit 2 Baths Total 2
Unit 2 Beds Total 2
Unit 3 Baths Total 2
Unit 3 Beds Total 2
Unit 4 Baths Total 1
Unit 4 Beds Total 1
Unit 5 Beds Total 1
Unit 6 Beds Total 1
Unit 7 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4 UnitTypeType5 UnitTypeType6 UnitTypeType7
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Exterior
Parking Features Assigned OffStreet
Lot Features Level OnBusline PublicRoad
Water Source PublicWater
Total Parking 10.0
Exterior Description Brick CementSiding LapSiding
Foundation Details ConcretePerimeter
Building Area Total 5225.0
Lot Size Acres 0.2
Road Surface Type Paved
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Internal Only
Street Number 1 8451
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* Excluded Features
List By
John L. Scott Portland Central

Broker

neportland@johnlscott.com

Contact

Affordability Calculator

$8,423
Per Month
91%
9%
0%
Monthly Principal & Interest
$7,696
Monthly Property Taxes
$726
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1951163 Elementary School
3483333 Middle School
Franklin High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/13/2026$1,250,000 Listed Price

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8451 SE FOSTER RD, Portland, OR, 97266 is a Multi-Family Home for sale at $1,250,000 with 5,225 sqft and a lot size of 0.2. 8451 SE FOSTER RD has 10 bedrooms, 10.0 baths, and was built in 1975. The property's zip code is 97266 which is in Portland, OR

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