CM3 Mixed-Use Development
For Sale
$345,000
9639 SE FOSTER Rd, Portland, OR 97266
LAND - Portland, OR
Property SizeContact for details
Lot Size0.25 Acres
Days on Market150
Property Features for 9639 SE FOSTER Rd
General Information
Property type
Land
Property subtype
Other
Zoning
CM3
Elementary school
Lent
Middle school
Alice Ott
High school
Franklin
Directions
Between Hwy 205 and SE 97th-Foster one way
Subdivision
_143
Standard status
Active
APN
R335773
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
SECTION 16 1S 2E, TL 600 0.25 ACRES
Tax Annual Amount
2775
Legal Description
SECTION 16 1S 2E, TL 600 0.25 ACRES
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Lisa Mehlhoff
(503) 490-4888
Added: Mar 16
Changed: Jul 18
Last Checked: Aug 12 at 2:06AM
MLS# 641160883
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering presents a 10,722 SF mixed-use development parcel zoned CM3. The site is positioned for potential redevelopment into a multifamily or mixed-use project, with the possibility of residential units and ground-floor commercial uses, subject to buyer due diligence confirming development capacity and permitted uses.
The property is located along the Foster corridor and is described as being minutes from Lents Town Center, the MAX Green Line station, and I-205, providing connectivity to surrounding amenities and regional access. The area has also seen streets improvements and pedestrian upgrades alongside additional mixed-use housing activity.
CM3 zoning is identified as supporting a broad range of uses, including multifamily housing, apartments, commercial services, office space, and mixed-use residential projects. Buyers are advised to perform due diligence regarding zoning and development requirements before proceeding.
The property is located along the Foster corridor and is described as being minutes from Lents Town Center, the MAX Green Line station, and I-205, providing connectivity to surrounding amenities and regional access. The area has also seen streets improvements and pedestrian upgrades alongside additional mixed-use housing activity.
CM3 zoning is identified as supporting a broad range of uses, including multifamily housing, apartments, commercial services, office space, and mixed-use residential projects. Buyers are advised to perform due diligence regarding zoning and development requirements before proceeding.
Key Highlights
- 10,722 SF Mixed‑Use Site in Portland's Foster Corridor.
- CM3 zoning allows for multifamily or mixed‑use development.
- Potential for 20‑28 unit apartment or mixed‑use project.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
Demographics for 97266, OR
36,095
Population
13,863
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
5,917
Density / Sq Mi
$71,791
Median Household Income
$39,856
Median Earnings
$1,532
Median Rent
$420,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Zoned CM3, this 10,722 SF mixed-use site is suited for redevelopment including multifamily or mixed-use projects.
Where is this commercial land located?
The property is located at 9639 SE FOSTER Rd Portland, OR.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 10,722 SF Mixed‑Use Site in Portland's Foster Corridor.; CM3 zoning allows for multifamily or mixed‑use development.; Potential for **20‑28 unit apartment or mixed‑use project.**
