8451 Se FOSTER Rd, Portland, OR 97266

• 5,225 sqft

Property Description

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 Status:

Active

Date Added:

February 12, 2026

Data Last Updated:

June 14, 2026 at 2:43AM

Listing Office:

John L. Scott Portland Central : 503-230-8600

Listing Agent:

Doug Landers : 503-936-3905

MLS ID:

212865825

Interior

• Basement: Crawl space
• A/C: Wall unit
• Heating: Baseboard

Exterior

• General: BrickCement sidingLap siding
• Parking: AssignedOff streetParking spaces: 10

Construction

• Roofing: Composition
• General: Concrete perimeter

Location

• Road/Access: Paved
• Golf: Laundry
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Multnomah

Lot

• Zoning: CM3EVELYNBLOCK 2LOT 6&7R159034

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.