7365 -7375 SE Foster Blvd, Portland, OR 97206

Foster 74 is a permit-ready apartment project located in Portland’s Foster-Powell neighborhood. The property consists of two tax lots and is not subject to Portland’s Inclusionary Housing Provisions. The city has approved the plans, and construction can begin once the permits are paid. Renderings, plans, surveys, and reports are included in the sale and will be transferred to the buyer at closing. The buyer must conduct their own due diligence to verify the status of the proposed project with the City of Portland. Foster 74 was designed as a modern, 3-story wood frame apartment building consisting of 15,646 square feet of gross area containing 37 apartment units across two side-by-side buildings. The unit mix will consist of 5 studio units, 31 one-bedroom units, and 1 two-bedroom unit, all with modern finishes and top floor units with vaulted ceilings. Units will feature wide plank LVT flooring, in-unit stackable washer/dryer, two-tone cabinets, porcelain tile backsplash, undermount sinks, and stainless steel appliances. Buyers can execute the current project as designed or design the building to their own standard and specifications. The project is located near restaurants, cafes, and breweries and offers experiences only found in the area. It is near public parks, a community center, and the heart of the Foster Blvd Revitalization Area. It is less than 6 miles from downtown Portland and offers tenants quick access to the major employment hub in the metro area.