Mixed-Use Building with Ground-Floor
For Sale
$1,475,000
6433 SE Foster Road, Portland, OR 97206
100% occupied mixed-use building with a long-tenured neighborhood restaurant and seven residential units above.
Property Size6,634 SF
Days on Market163
Property Features for 6433 SE Foster Road
General Information
Standard status
Active
Size
6,634 SF
Property subtype
Multifamily
Occupancy
100%
Site & Location
Neighborhood
Mt. Scott-Arleta
Additional Details
Business Included
Yes
Multifamily Units
7
Building Details
Building Size
6,634 SF
Year Built
1922
Listing Agency:
Commercial Real Estate NW
Listed By:
Denise Brohoski · License #200508190
(503) 309-5106
Source:
Commercialrenw
Added: May 14
Changed: Oct 10
Last Checked: Oct 23 at 5:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Real Estate NW
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Investment Insights
Based on property information with market context.
100% occupied mixed-use building located in Southeast Portland’s Foster-Powell neighborhood. The ground floor is anchored by Bar Carlo, a well-established neighborhood restaurant with nearly 20 years of continuous tenancy. Above, the building offers seven residential units, a mix of studios, one-bedrooms, and two-bedroom homes, with several long-term tenants and low turnover.
The property is positioned along one of the area’s most active retail corridors and provides easy access to both Powell Boulevard and Foster Road. The surrounding area includes a dense mix of independent restaurants, cafes, and shops, and the neighborhood is well-served by TriMet bus lines.
The building is very well maintained, with a newer roof, fresh exterior paint, and updated HVAC systems.
The property is positioned along one of the area’s most active retail corridors and provides easy access to both Powell Boulevard and Foster Road. The surrounding area includes a dense mix of independent restaurants, cafes, and shops, and the neighborhood is well-served by TriMet bus lines.
The building is very well maintained, with a newer roof, fresh exterior paint, and updated HVAC systems.
Key Highlights
- 100% occupied mixed‑use building in SE Portland’s Foster‑Powell neighborhood
- Ground‑floor commercial tenant: Bar Carlo restaurant with nearly 20 years of continuous tenancy
- Seven residential units above: studios, one‑bedrooms, and a two‑bedroom with several long‑term tenants and low turnover
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,365
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,767,300
$1.8M
Cap Rate 7%
$1,262,357
$1.3M
Cap Rate 9%
$981,833
$981.8K
Market Conditions
NOI Build-Up for 6,634 SF
Gross rent
$127.4K $19.20/SF
− Vacancy
−$9.6K −$1.44/SF
EGI
$117.8K $17.76/SF
− OpEx
−$29.5K −$4.44/SF
NOI
$88.4K $13.32/SF
Area
ZIP 97206
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,767,300
Cap Rate 7%
$1,262,357
Cap Rate 9%
$981,833
Alternative Uses
Best Use
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,365 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,350 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,409 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
7
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
Explore this area
Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 100% occupied mixed-use building with a long-tenured neighborhood restaurant and seven residential units above.
Where is this apartment building located?
The property is located at 6433 SE Foster Road Portland, OR.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 100% occupied mixed‑use building in SE Portland’s Foster‑Powell neighborhood; Ground‑floor commercial tenant: Bar Carlo restaurant with nearly 20 years of continuous tenancy; Seven residential units above: studios, one‑bedrooms, and a two‑bedroom with several long‑term tenants and low turnover
