About 5717 Se Foster Rd
Residential / Commercial mixed use gem! Upper level (currently vacant) completely remodeled 1 bed/1 bath apartment previously rented for $1,220/month. Downstairs is a live/work 2 bed 1 bath remodeled unit with 2 years left on a $1,750/mo lease to a hair studio. Both access to shared basement storage and laundry. Food cart spot will bring in $750/month, and billboard pays $116 a month. Tenants pay garbage, water, gas, and electricity. Newer roof, siding, HVAC, and sewer line. Upper unit is vacant, call for showing. Lower unit viewable with accepted offer. Projected income includes new food cart space that has not had rental history. 6 cap rate when including the food cart space.
Features of 5717 Se Foster Rd
| MLS® # | 23295758 |
|---|---|
| Price | $599,000 |
| Units | 2 |
| Square Footage | 1,438 |
| Year Built | 1908 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 5717 Se Foster Rd |
|---|---|
| Area | 143 - Portland Southeast |
| Subdivision | FOSTER/POWELL |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97206 |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | Yes |
| Basement | Full Basement, Exterior Entry, Storage Space |
Exterior
| Exterior | Cement Siding |
|---|---|
| Lot Description | On Busline |
| Foundation | Concrete Perimeter |
School Information
| Elementary | Creston |
|---|---|
| Middle | Kellogg |
| High | Franklin |
Additional Information
| Date Listed | November 7th, 2023 |
|---|---|
| Days on Market | 180 |
| Zoning | CE |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 4.84 |
Unit 1 Details
| Beds | 2 |
|---|---|
| Baths | 1 |
| Rent | $1,750 |
| Features | Dishwasher, Range, Refrigerator, WasherDryer |
Unit 2 Details
| Beds | 1 |
|---|---|
| Baths | 1 |
| Rent | $1,220 |
| Features | Dishwasher, Range, Refrigerator, WasherDryer |
Listing Details
| Office | Better Homes & Gardens Realty |
|---|