8451 SE FOSTER Rd, Portland, OR 97266
MULTI_FAMILY - Portland, OR
- Added:
- Feb 12, 2026
- Days on Market:
- 126
- Last Refresh:
- Jun 18 at 12:06 am
Property Features for 8451 SE FOSTER Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- CM3
- Bedrooms
- 10
- Bathrooms
- 10
- Rooms
- Bedroom 7, Bedroom 1, Bathroom 4, Bedroom 10, Bathroom 3, Bedroom 5, Bathroom 2, Bathroom 6, Bathroom 7, Bedroom 8, Bathroom 9, Bathroom 1, Bathroom 5, Bedroom 9, Bedroom 4, Bathroom 8, Bathroom 10, Bedroom 6, Bedroom 3, Bedroom 2
- Standard status
- Active
- APN
- R159034
- Size
- 5,225 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Description
- EVELYN, BLOCK 2, LOT 6&7
- Tax Annual Amount
- 8717
Utilities
- Heating system
- Baseboard
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1975
- Floors in Building
- 2
- Number of units
- 7
- Roof type
- Composition
Listing agent Doug Landers License #200903041 (503) 936-3905
Listing office John L. Scott Portland Central 1205 NE MLK Jr Blvd, Portland, OR (503) 230-8600
Listing date Feb 12, 2026
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.
HighLights
- 7‑unit multifamily in Southeast Portland’s Lents neighborhood
- Unit mix: three 2‑bedroom apartments and four 1‑bedroom apartments
- Convenient to a major bus line for public transportation access
- Baseboard heating and wall unit(s) cooling
- Roof: composition
- Investment metrics shared: 5.12% cap rate and $9,137 NOI per door (listed price: $1,250,000)
Overview
The property is located at 8451 SE Foster Rd in the 97266 area of Portland. It sits along a major bus line, supporting convenient public transportation access, and is described as being close to local shops, dining, and neighborhood amenities. Zoning is listed as CM3.
For investors and operators seeking a manageable, unit-mix driven income property, the one- and two-bedroom configuration can appeal to a broad range of tenants. The current offering information also lists an NOI of $9,137 per door and a cap rate of 5.12, providing a stated basis for underwriting. This is a for-sale opportunity presented as a maintained, income-producing multifamily asset in the Lents neighborhood.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.5k | $24.60 |
| − Vacancy | −$6.6k | −$1.25 |
| EGI | $122.0k | $23.35 |
| − OpEx | −$54.9k | −$10.51 |
| NOI | $67.1k | $12.84 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.575685
- Latitude
- 45.482087
