Last Sold Price
7,072 sqft$163/sqft
12021 SE Foster Rd, Portland, OR 97266

Description

This value add 10 unit listing features five one -bedroom and five two-bedroom units. Located on a large lot that contains ample parking, the one story buildings are surrounded by mature landscaping. The property has experienced very low vacancy due to below market rents. This is a value-add deal that already has excellent street appeal, with potential to upgrade the interiors.This value add 10 unit listing features five one -bedroom and five two-bedroom units. Located on a large lot that contains ample parking, the one story buildings are surrounded by mature landscaping. The property has experienced very low vacancy due to below market rents. This is a value-add deal that already has excellent street appeal, with potential to upgrade the interiors.
LISTING CLOSED: 11/13/2023 12:00 AM

  1. Listed by Bernard Gehret • Joseph Bernard LLC

Property Details for 12021 Southeast Foster Road

Status
MLS #
23085687
Days on Market
110
Taxes
$14,300 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family
Year Built
1968
Lot Size
-
Zoning
R2

Location

Listing Courtesy of Joseph Bernard LLC

Sold By Joseph Bernard LLC

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Building Information for 12021 Southeast Foster Road

Stories1Residences10Year Built1968Building Size-Lot Size-

Payment Calculator

$7,037 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,845

Property Taxes

$1,192

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 12021 Southeast Foster Road

Summary
Location and General Information
  • Country: US
  • Directions: SE Foster Rd/SE 122nd Ave. Refer to Google Maps.
School Information
  • Elementary School: Earl Boyles
  • High School: David Douglas
  • Middle Or Junior School: Ron Russell
Parking
  • Attached Garage: No
Taxes and HOA
  • FIRPTA: No
  • Tax Year: 2022
  • Tax Deferral: No
  • Tax Annual Amount: $14,299.84
  • Parcel Number: R335459
  • Tax Legal Description: SECTION 15 1S 2E, TL 5300 0.62 ACRES
Virtual Tour
  • Video Virtual Tour 1 Y/N: No
  • Video Virtual Tour 2 Y/N: No
Property
Lot Information
  • Lot Description: Level
  • Lot Size Range: Sq Ft20000to Acres1
  • Lot Size: 20,000 Sq Ft to .99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1968
  • Property Attached: No
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Baseboard
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Green Features
  • Green Certification: No
Interior and Exterior Features
Exterior Features
  • Roof Type: Composition
Interior Features
  • View Y/N: No
  • Stories: 1
  • Cooling: No
  • Heating: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
  • Gross Income Actual: $128,280.00
  • Gross Income Projected: $165,000.00
  • Gross Rent Multiplier: $10.52
  • Net Income Actual: $70,615.00
  • Net Income Projected: 104995
  • Operating Expenses Projected: $51,755.00
  • Operating Expense: $51,251.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 7072
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Range, Refrigerator
  • Unit Type 1 Rent: $1,048
  • Unit Type 1 SqFt: 600.0
  • Unit Type 1 Units Total: 5
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Range, Refrigerator
  • Unit Type 2 Rent: $1,090
  • Unit Type 2 SqFt: 800.0
  • Unit Type 2 Units Total: 5

Property History for 12021 Southeast Foster Road

DateEvent & SourcePriceAppreciation
Jul 11, 2016

Sold (Public Record)

Public Record #574255500

$950,000
Jul 11, 2016

Sold (Public Record)

Public Record #574703340

$950,000

+9.1% / yr

Nov 7, 2012

Sold (Public Record)

Public Record #341066275

$690,000

+11.3% / yr

DateEvent & SourcePrice
07/11/2016

Sold (Public Record)

Public Record #574255500

$950,000
07/11/2016

Sold (Public Record)

Public Record #574703340

$950,000

+9.1% / yr

11/07/2012

Sold (Public Record)

Public Record #341066275

$690,000

+11.3% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 12021 Southeast Foster Road

Taxable ValueLand-Additions-Total-
Tax Record2025$15,951 ($1,329 / month)
Home Facts
Baths10Total Finished SqFt3,842 SqFtAbove Grade Finished SqFt3,842 SqFtStories1Lot Size27,007 SqFtStyleMulti-Family Res (5+ Units)Year Built1968ZoningR2ACountyMULTNOMAHAPN1S2E15DD 05300

Schools near 12021 Southeast Foster Road

This home is within David Douglas School District 40.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Earl Boyles Elementary School
PublicPK to 5

Ron Russell Middle School
Public6 to 8

David Douglas High School
Public9 to 12

Arthur Academy
CharterK 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Joseph Bernard LLC

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 11/14/2023 11:19 AM