Updated Triplex in
9622 Southeast Foster Road Portland, OR 97266
9622 Southeast Foster Road, Portland, OR, 97266
$550,000
For Sale
$550,000
Updated triplex with assumable low-interest loan in Portland.
Property Size2,424 SF
Price / SF$226.90
Days on Market170
Property Features for 9622 Southeast Foster Road
General Information
- Standard status
- Active
- Size
- 2,424 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1979
Listing Agency
The A Realty LLC
(503) 998-1747
Listed by
Amit Amshalom · License #201247964
(503) 998-1747
Source
Compass
Added: Jan 27 Checked: Jul 16 at 6:33 am
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 The A Realty LLC
Investment Insights
Based on property information with market context.
This updated triplex, located at 9622 SE Foster Rd in Portland, presents an investment opportunity. The property features a new roof and new siding. The property size is 2424 square feet. An assumable FHA loan is available at a 2.375% interest rate. The seller is open to selling one side or both together, depending on the buyer's preference.
Key Highlights
- Assumable FHA loan at 2.375%
- Updated triplex in a desirable Portland location
- New roof and new siding
Local Financial Insights For Multifamily LT 5
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 | $50.9k | $21.00 |
| − Vacancy | −$2.6k | −$1.09 |
| EGI | $48.3k | $19.91 |
| − OpEx | −$14.5k | −$5.97 |
| NOI | $33.8k | $13.94 |
2,424 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$482.6K
$422.3K – $563.0K
NOI $33,780 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$444.6K
$389.1K – $518.7K
NOI $31,124 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$680.7K
$595.6K – $794.2K
NOI $47,650 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Updated triplex with assumable low-interest loan in Portland.
Where is this triplex located?
The property is located at 9622 Southeast Foster Road Portland, OR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Assumable FHA loan at 2.375%; Updated triplex in a desirable Portland location; New roof and new siding
