8451 SE FOSTER RD, Portland, OR 97266
LENTS · Multnomah County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1975
Stories
2
Living Area
5,225 sq ft
Lot Size
0.20 acres
Parking Spaces
10
Zoning
CM3
Days on Market
1
MLS® Listing#
212865825
Property Features
Cooling
Heating
Basement
Parking
Laundry
Lot Features
Construction
Foundation
Roof
Sewer
Water Source
Schools
- Elementary:
- Marysville
- Middle:
- Kellogg
- High:
- Franklin
Financial Details
Annual Taxes
$8,717
Tax year 2025
Parcel Number
R159034
Directions
On SE Foster Road - Parking Lot entrance off SE Ellis St at back of property
Affordability Calculator
$250,000
Estimated monthly payment
$6,653/mo
Principal $1,000,000 · Est. interest $1,395,089 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Portland, OR
- $507,009
- Median Listing Price
- 173
- Median Days on Market
- 1,572
- Median Sq Ft
- $327
- Median Price / Sq Ft
- 2,279
- Active Listings
- This home’s price is 147% above the area median.
- Its price per sq ft is 27% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Portland, OR.
Location
Points of Interest in Portland, OR
Showing the Portland area map.
Nearby Schools
The Village Freeschool
School · 0.1 mi away
The Earth Tortoise School
School · 0.1 mi away
Marysville Elementary School
Elementary · 0.5 mi away
Woodmere Elementary School
Elementary · 0.6 mi away
Lent Elementary School
Elementary · 0.6 mi away
Kelly Elementary School
Elementary · 0.7 mi away
Arleta Elementary School
Elementary · 1.0 mi away
Bridge City Montessori School
Elementary · 1.0 mi away
Schools Public
School · 1.0 mi away
Multnomah Education Service District
School · 1.0 mi away
Whitman Elementary School
Elementary · 1.1 mi away
Columbia School of English
School · 1.2 mi away
Mt Scott Learning Center
Elementary · 1.3 mi away
Slavic Christian Academy
School · 1.3 mi away
The Nest Playschool
School · 1.3 mi away
Kellogg Middle School
Secondary · 1.4 mi away
Green Thumb School
School · 1.4 mi away
Lane Middle School
Secondary · 1.5 mi away
Community Transition Program
School · 1.5 mi away
Curious Gardeners Preschool
School · 1.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 5628 SE 87TH AVE, Portland, OR | $999,000 | 14 | 7 | — |
| 11901 SE POWELL BLVD, Portland, OR | $1,149,000 | 9 | 6 | 4,391 |
| 2448 SE 117TH AVE, Portland, OR | $1,475,000 | 9 | 8 | 5,899 |
| 8503 SE INSLEY ST, Portland, OR | $1,549,000 | 16 | 9 | 7,684 |
Moving Cost Estimate
EXIT Agents in Portland
Listing Courtesy: John L. Scott Portland Central - neportland@johnlscott.com
Presented by: Doug Landers
Last Updated: 2026-02-12