7365 -7375 Se Foster Blvd Portland, OR 97206
- Apartment buildings
- 15,646 SF
Current Use by Public Records
- Apartment buildings
Property Details for 7365 -7375 Se Foster Blvd
- Property size
- 15,646 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a permit-ready, 37-unit apartment building in Portland, Oregon's vibrant Foster-Powell ("FoPo") neighborhood. Located at 7365-7375 SE Foster Blvd, this three-story, 15,646 square foot wood-frame structure is situated on two tax lots, exempt from Portland's Inclusionary Housing provisions. The approved plans, included in the sale, detail a modern design featuring 5 studio, 31 one-bedroom, and 1 two-bedroom unit, all with contemporary finishes. Top-floor units boast vaulted ceilings, while all units include wide-plank LVT flooring, in-unit stackable washer/dryers, two-tone cabinets, porcelain tile backsplashes, undermount sinks, and stainless steel appliances. The building's efficient design minimizes maintenance costs. This prime location offers a walk score of 93 and a bike score of 97, placing it within a walker and biker's paradise near parks, a community center, and the heart of the Foster Blvd revitalization area. Less than six miles from downtown Portland, it provides convenient access to major employment centers. The property's zoning is CM2. The asking price is $1,085,000, representing a price per unit of $50,000. Buyers can proceed with the current design or customize the building to their specifications. All necessary surveys and reports are included in the sale. Potential buyers are advised to conduct their own due diligence to verify the project status with the City of Portland.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.587
- Latitude
- 45.486
