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6433 SE Foster Rd 8 Unit Apartment Building $1,575,000 ($196,875/Unit) 6.79% Cap Rate Portland, OR 97206
Investment Highlights
- 100% leased mixed-use building
- 3,498 SF retail restaurant & 3,136 SF multifamily
- New roof in 2020, updated HVAC and paint
- Below market rents
- One 2 bedroom, three 1 bedroom, & three studio apartments
- Seller carry terms available
Executive Summary
Seller carry terms available! 100% occupied mixed-use building in Southeast Portland's Foster-Powell neighborhood. The ground floor is anchored by Bar Carlo, a well-established neighborhood restaurant and popular brunch destination with nearly 20 years of continuous tenancy. The long-term commercial occupancy speaks to the property's strong location and community presence.
Above, seven residential units — a mix of studios and one-bedrooms — have several long-term tenants with low turnover. The building is very well maintained, featuring a newer roof, fresh exterior paint, and updated HVAC and sewer/plumbing systems.
Above, seven residential units — a mix of studios and one-bedrooms — have several long-term tenants with low turnover. The building is very well maintained, featuring a newer roof, fresh exterior paint, and updated HVAC and sewer/plumbing systems.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,088 | 448 |
| Studios | 3 | $950.00 | 448 |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | R108460 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $393,460 |
Property Taxes
Parcel Number
R108460
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$393,460
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6433 SE Foster Rd
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