12841 SE Foster Rd

Portland, OR 97236

$452,500
Last Sold Price
—
Beds
—
Baths
1,826 Sq. Ft.
$248 / Sq. Ft.
1,826
Sq. Ft.
$248
per Sq. Ft.
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Sold 3/15/24
Sold 3/15/24
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Description

Investor alert! Fantastic investment opportunity - Fully leased turnkey duplex with a stellar rental history. Perfect for owner occupants, live in one unit while generating income from the other to help offset the mortgage payments. Recent renovations totaling $48,000 have transformed these spacious, easy accessible one-level units into comfortable living spaces. Quietly situated on a private driveway tucked away from the bustling SE Foster Road bordered by a privacy screen of established bamboo...Investor alert! Fantastic investment opportunity - Fully leased turnkey duplex with a stellar rental history. Perfect for owner occupants, live in one unit while generating income from the other to help offset the mortgage payments. Recent renovations totaling $48,000 have transformed these spacious, easy accessible one-level units into comfortable living spaces. Quietly situated on a private driveway tucked away from the bustling SE Foster Road bordered by a privacy screen of established bamboo and greenery. Each 2-bedroom, 1-bath unit features an open-concept layout, seamlessly combining living and dining areas. Step out the back door to a newly fenced backyard and patio, complete with an outdoor storage closet for added convenience. Centrally located, just a 13-minute drive to PDX Airport and 20 minutes to Downtown Portland. Enjoy easy access to shopping, major highways, and public transportation. Each unit comes with its own designated assigned parking spot, as well as an additional bonus parking space that could be leased to tenants for an extra fee. Additionally, there are plenty of off-street parking options available. Recent upgrades include a new roof, fresh interior and exterior paint, plumbing, and electrical components. Inside, you'll find modern amenities like washer and dryer in each unit, new laminate flooring, granite countertops, and kitchen cabinets designed for optimal storage. Stainless steel appliances, including a refrigerator, dishwasher, stove, and microwave. Unit 12841 even features a newer gas furnace and hot water heater. ALL utilities covered by Tenants. Ask your agent for a complete list of recent upgrades and repairs. Don't let this opportunity slip away! Reach out today to inquire about 5% down financing options and schedule your showing. Please do not disturb tenants.
  1. Listed by Annie Dang • Stellar Realty Northwest

Property Details for 12841 Southeast Foster Road

Subdivision
PLEASANT VALLEY / POWELLHURST
Parking Features
Assigned, Driveway
Zoning
CM1
View
Trees Woods
Parking Total
3.00
LISTING CLOSED: 03/15/2024 12:00 AM

Property Details for 12841 Southeast Foster Road

StatusSold
MLS #24288650
Days on Market7
Taxes$4,626 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1981
Lot Size0.21 AC / 9,147 SF
CountyMultnomah County
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Location

Listing Courtesy of Stellar Realty Northwest

Sold By Oregon First

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Building Information for 12841 Southeast Foster Road

Stories1Residences2Year Built1981Building Size-Lot Size0.21 AC / 9,147 SF

Payment Calculator

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$2,686 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,300

Property Taxes

$386

HOA Dues

$0

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Property Information for 12841 Southeast Foster Road

Summary
Location and General Information
  • Country: US
  • Directions: East on Foster Down a Private Drive Way, North of 128th
  • Road Surface: Paved
School Information
  • Elementary School: Gilbert Hts
  • High School: David Douglas
  • Middle Or Junior School: Alice Ott
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $4,626.47
  • Parcel Number: R201380
  • Tax Legal Description: LAMARGENT PK NO 2, LOT 7 TL 1900
Property
Lot Information
  • Acres: 0.21
  • Lot Description: Commons, Flag Lot, Level, On Busline, Private, Private Road
  • Lot Size Square Feet: 9147.0
  • Lot Size Dimension: 9,020 SQ FT
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1981
Utilities
  • Cooling Description: None
  • Fuel Description: Gas
  • Heating Description: Forced Air
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Other, T111Siding, Wood Siding
  • Roof Type: Composition, Shingle
Interior Features
  • Basement: Crawl Space, Dirt Floor
  • Foundation Details: Concrete Perimeter
  • Stories: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $34,980.00
  • Gross Rent Multiplier: $12.58
  • Investor Information: According To Owner, Leases, Profit Loss Statement, Rent Records
  • Net Income Actual: $34,980.00
  • Operating Expense: $4,926.00
  • Security Features: Security Lights
  • Storage: Attached, Locked
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 1826
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 1 Rent: $1,370
  • Unit Type 1 SqFt: 976.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 2 Rent: $1,545
  • Unit Type 2 SqFt: 976.0
  • Unit Type 2 Units Total: 1

Schools near 12841 Southeast Foster Road

This home is within David Douglas School District 40.
Rating
School
Type
Grades
Distance
Gilbert Park Elementary School
Public - PK to 5
Alice Ott Middle School
Public - 6 to 8
David Douglas High School
Public - 9 to 12
Arthur Academy
Charter - K to 5
Rating
School
Distance
Gilbert Park Elementary School
PublicPK to 5

Alice Ott 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.

Similar Homes

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
12841 Southeast Foster Road, Unit 12843, Portland, OR 97236
$452,500
–
2
1,826
9,020
12835 Southeast Foster Road, Portland, OR 97236
$375,000
–
–
1,904
–
12835 Southeast Foster Road, Unit 12837, Portland, OR 97236
$375,000
–
2
1,904
11,736
12847 Southeast Foster Road, Portland, OR 97236
$392,900
–
–
1,922
–
12847 Southeast Foster Road, Unit 12851, Portland, OR 97236
$392,900
–
2
1,922
9,028

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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 Stellar Realty Northwest

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: 03/20/2024 12:35 AM