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$1,250,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 2 days ago
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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.

Full Property Details for 8451 SE Foster Rd

General

  • Price: $1,250,000
  • Taxes: $8,716 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 212865825
  • Updated: 2/13/2026
  • Added to Site: 4 day(s) ago

Rental Information

  • Rent Includes: Maintenance Grounds, Trash Collection

Parking

  • Total Spaces: 10
  • Parking Features: Assigned, Off Street

Location

  • County: Multnomah
  • Subdivision: LENTS
  • Driving Directions: On SE Foster Road - Parking Lot entrance off SE Ellis St at back of property

School Information

  • Elementary School: Marysville
  • Middle School: Kellogg
  • High School: Franklin

Community

  • Community Name: 143 - Portland Southeast

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall Unit(s)
  • Heating Type: Baseboard
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Basement Desc.: Crawl Space
  • Roof: Composition
  • Stories/Levels: 2
  • Square Feet: 5,225
  • Year Built: 1975
  • Property Condition: Approximately

Lot Features

  • Lot Size (Acres): 0.2
  • Lot Size (Sq. Ft.): 8,712
  • Lot Size: 7, 000 to 9, 999 SqFt
  • Frontage: Paved
  • Lot Features: Level, On Busline, Public Road

Financial Considerations

  • Operating Expenses: $44,890
  • Tax Amount: $8,716.7
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: EVELYN, BLOCK 2, LOT 6&7
  • Disclosures/Reports: Exempt
  • Property ID: R159034

Listed by John L. Scott Portland Central (503) 230-8600, Doug Landers (503) 936-3905 and John L. Scott Portland Central (503) 230-8693, Maddie Landers (503) 936-4961

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Listing agents

— 8451 SE Foster Rd —

  • Doug Landers

    John L. Scott Portland Central

    503-230-8600

  • Maddie Landers

    John L. Scott Portland Central

    503-230-8693

neportland@johnlscott.com

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 8451 SE Foster Rd

School District:Portland School District 1j
NameGradesDistance
Marysville Elementary School
7733 Southeast Raymond Street, Portland, OR 97206
K-50.5 mi
Kellogg Middle School, Portland, OR
3330 Southeast 69th Avenue, Portland, OR 97206
6-81.4 mi
Franklin High School, Portland, OR
5405 Southeast Woodward Street, Portland, OR 97206
9-122.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8451 SE Foster Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/12/2026
Listed
$1,250,000
150%
MLS
12/11/2015
Sold
$500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 8451 SE Foster Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,717
4%
$323,500
3%
2024
$8,403
4%
$314,080
3%
2023
$8,080
4%
$304,940
6%
2021
$7,772
-2%
$287,440
-3%
2022
$7,905
2%
$296,060
6%
2021
$7,772
13%
$279,070
3%
2019
$6,867
3%
$270,950
3%
2018
$6,665
4%
$263,060
3%
2017
$6,388
9%
$255,400
3%
2016
$5,847
—
$247,970
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 8451 SE Foster Rd

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by John L. Scott Portland Central (503) 230-8600, Doug Landers (503) 936-3905 and John L. Scott Portland Central (503) 230-8693, Maddie Landers (503) 936-4961

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8451 SE Foster Rd, Portland, OR 97266 (MLS# 212865825) is a Multi-Family property with 7 units containing 0 bedrooms and 0 full bathrooms. 8451 SE Foster Rd is currently listed for $1,250,000 and was received on February 12, 2026. Want to learn more about 8451 SE Foster Rd? Do you have questions about finding other Multi-Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

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