Discover a prime investment opportunity in Southeast Portland with this well-maintained 7-unit multifamily property located in the vibrant Lents neighborhood. Originally built in 1973, this property offers a balanced unit mix of three 2-bedroom apartments and four 1-bedroom apartments, appealing to a wide range of renters. Positioned conveniently along a major bus line, residents enjoy easy access to public transportation, local shops, dining, and neighborhood amenities, making it a desirable and accessible location. This asset offers investors solid financial performance, featuring a cap rate of 5.12 and an NOI of $9,137 per door. Priced competitively at $1,250,000, it presents an excellent balance of stable cash flow and long-term appreciation potential within one of Portland’s continually improving submarkets.
Active
Price cut: $75K (6/12)
$1,175,000
8451 SE Foster Rd, Portland, OR 97266
10beds
5,225sqft
Multi Family
Built in 1975
-- sqft lot
$-- Zestimate®
$225/sqft
$-- HOA
What's special
- 155 days |
- 86 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Doug Landers portlandcentral@johnlscott.com,
John L. Scott Portland Central,
Maddie Landers 503-936-4961,
John L. Scott Portland Central
Source: RMLS (OR),MLS#: 212865825
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 10
- Full bathrooms: 7
- Partial bathrooms: 3
Heating
- Baseboard
Cooling
- Wall Unit(s)
Appliances
- Included: Dishwasher, Disposal, Range, Refrigerator, Electric Water Heater
- Laundry: Common Area
Features
- Basement: Crawl Space
Interior area
- Total structure area: 5,225
- Total interior livable area: 5,225 sqft
Property
Parking
- Total spaces: 10
- Parking features: Assigned, Off Street
Features
- Stories: 2
Lot
- Size: 8,712 Square Feet
- Features: Level, On Busline, SqFt 7000 to 9999
Details
- Parcel number: R159034
- Zoning: CM3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Cement Siding, Lap Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Approximately
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Community
- Features: Laundry
- Subdivision: Lents
Location
- Region: Portland
Financial & listing details
- Price per square foot: $225/sqft
- Annual tax amount: $8,716
- Date on market: 2/12/2026
- Listing terms: Cash,Conventional
- Total actual rent: 8617
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Price change | $1,175,000-6%$225/sqft |
Source:  RMLS (OR) #212865825 Report a problem | ||
| 2/13/2026 | Listed for sale | $1,250,000+92.6%$239/sqft |
Source: RMLS (OR) #212865825 Report a problem | ||
| 4/24/2017 | Listing removed | $950 |
Source: Fox Management, Inc. - Property # 317114 Report a problem | ||
| 4/10/2017 | Listed for rent | $950 |
Source: Fox Management, Inc. - Property # 317114 Report a problem | ||
| 12/11/2015 | Sold | $649,000$124/sqft |
Source: RMLS (OR) #15103187 Report a problem | ||
| 11/25/2015 | Pending sale | $649,000$124/sqft |
Source: Soldera Properties, Inc #15103187 Report a problem | ||
| 10/28/2015 | Listed for sale | $649,000$124/sqft |
Source: Soldera Properties, Inc #15103187 Report a problem | ||
| 10/22/2015 | Pending sale | $649,000$124/sqft |
Source: Soldera Properties, Inc #15103187 Report a problem | ||
| 9/28/2015 | Listed for sale | $649,000+23.6%$124/sqft |
Source: Soldera Properties, Inc #15103187 Report a problem | ||
| 11/29/2012 | Sold | $525,000$100/sqft |
Source: RMLS (OR) #12504530 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Lents
Nearby schools
GreatSchools rating
- 4/10Marysville Elementary SchoolGrades: K-5Distance: 0.5 mi
- 5/10Kellogg Middle SchoolGrades: 6-8Distance: 1.4 mi
- 6/10Franklin High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Marysville
- Middle: Kellogg
- High: Franklin
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $--1 bd1 ba600 sqft8461 SE Foster Rd #0, Portland, OR 97266Off Market
- $--1 bd1 ba700 sqft8459 SE Foster Rd #0, Portland, OR 97266Off Market
- $--1 bd1 ba600 sqft8461 SE Foster Rd #11438777, Portland, OR 97266Off Market
- $--1 bd1 ba700 sqft8459 SE Foster Rd #11019425, Portland, OR 97266Off Market
- $--1 bd1 ba500 sqft8451 SE Foster Rd #9939298, Portland, OR 97266Off Market
- $--1 bd1 ba700 sqft8459 SE Foster Rd #9692172, Portland, OR 97266Off Market
- $--2 bd1 ba925 sqft8459 SE Foster Rd #3687550, Portland, OR 97266Off Market
- $--1 bd1 ba600 sqft8461 SE Foster Rd, Portland, OR 97266Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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