Permit Ready Apartment
For Sale
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7365 -7375 SE Foster Blvd, Portland, OR 97206
Permit-ready 37-unit apartment project in Portland's Foster-Powell neighborhood.
Property Size15,646 SF
Price / SF$118.24
Days on Market931
Property Features for 7365 -7375 SE Foster Blvd
General Information
Standard status
Active
Size
15,646 SF
Class
B
Property subtype
Multifamily
Zoning
CM2
Building Details
Stories
3
Units
37
Listing Agency:
Kidder Mathews Portland
(503) 221-9900
Listed By:
Jordan Carter · License #OR 200606025
Source:
Crexi
Added: Feb 2, 2024
Changed: Aug 8
Last Checked: Aug 20 at 12:59AM
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 Kidder Mathews Portland
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Permit‑ready 37‑unit apartment project: Construction can begin immediately.
- Not subject to Portland's Inclusionary Housing provisions.
- Approved plans, renderings, surveys, and reports included and transferable to buyer.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
661
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Permit-ready 37-unit apartment project in Portland's Foster-Powell neighborhood.
Where is this apartment building located?
The property is located at 7365 -7375 SE Foster Blvd Portland, OR.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Permit‑ready 37‑unit apartment project: Construction can begin immediately.; Not subject to Portland's Inclusionary Housing provisions.; Approved plans, renderings, surveys, and reports included and transferable to buyer.
