5816 Southeast Foster Road

Portland, OR 97206

$725,000
Price
Beds
3,002 Sq. Ft.
$242 / Sq. Ft.
3,002
Sq. Ft.
$242
per Sq. Ft.

Description

Great investment opportunity on this fully leased building in a CE zoned area. The second level boasts a spacious apartment perfect for a potential live-work situation. This great location has a lot of redevelopment potential as well given the flexible and high density CE zoning. Potential to build up to 45 feet tall (buyer to do due diligence).Great investment opportunity on this fully leased building in a CE zoned area. The second level boasts a spacious apartment perfect for a potential live-work situation. This great location has a lot of redevelopment potential as well given the flexible and high density CE zoning. Potential to build up to 45 feet tall (buyer to do due diligence).
  1. Listed by Alexandru Ianos • Ianos Realty

Property Details for 5816 Southeast Foster Road

Parking Features
Off Street
Zoning
CE
Parking Total
4.00
LISTING UPDATED: 08/04/2024 12:45 PM

Property Details for 5816 Southeast Foster Road

StatusActive
MLS #24229941
Days on Market210
Taxes$3,828 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1904
Lot Size0.12 AC / 5,227 SF
CountyMultnomah County

Building Information for 5816 Southeast Foster Road

Stories2Residences2Year Built1904Building Size-Lot Size0.12 AC / 5,227 SF

Property Information for 5816 Southeast Foster Road

Summary
Location and General Information
  • Country: US
  • Directions: Foster Rd to Property
  • Road Surface: Paved
School Information
  • Elementary School: Creston
  • High School: Franklin
  • Middle Or Junior School: Kellogg
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $3,828.00
  • Parcel Number: R224555
  • Tax Legal Description: MYRTLE PK, BLOCK 1, W 80' OF LOT PARK
Property
Lot Information
  • Acres: 0.12
  • Lot Size Square Feet: 5227.0
  • Lot Size Range: Sq Ft5000to6999
  • Lot Size: 5,000 to 6,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Approximately
  • Year Built: 1904
Utilities
  • Cooling Description: Central Air
  • Fuel Description: Electricity, Gas
  • Heating Description: Forced Air90
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding
  • Roof Type: Flat
Interior Features
  • Foundation Details: Slab
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $48,000.00
  • Gross Rent Multiplier: $15.10
  • Investor Information: According To Owner
  • Net Income Actual: $36,000.00
  • Operating Expense: $12,000.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 3002
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Rent: $1,500
  • Unit Type 1 SqFt: 800.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 0
  • Unit Type 2 Rent: $2,500
  • Unit Type 2 SqFt: 2202.0
  • Unit Type 2 Units Total: 1

Public Records for 5816 Southeast Foster Road

Taxable ValueLand-Additions-Total-
Tax Record2024$3,981 ($332 / month)
Home Facts
Total Finished SqFt3,002 SqFtAbove Grade Finished SqFt3,002 SqFtStories2Lot Size5,350 SqFtStyleStoresYear Built1904ZoningCGCountyMULTNOMAHAPN1S2E07DD 16600

Schools near 5816 Southeast Foster Road

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Creston Elementary School
PublicK to 5

Kellogg Middle School
Public6 to 8

Franklin High School
Public9 to 12

Richmond Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5816 Southeast Foster Road is a multi-family home for sale in Portland, OR 97206. This property was listed for sale on May 21, 2024 by Ianos Realty, it's currently listed at $725,000. This listing's school district is Portland School District 1j. Nearby schools include Creston Elementary School, Kellogg Middle School and Franklin High School. 5816 Southeast Foster Road is a 0-bed, 0-bath, 3,002 sqft multi-family home built in 1904.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ianos Realty

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