9639 SE Foster Rd

Portland, OR 97266

$345,000
Price
10,890 / 0.25
Lot Size / Acres
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Description

CM3 Development Opportunity | 10,722 SF Mixed-Use Site on Foster Corridor. Investor and developer opportunity in Portland’s Foster Corridor and Lents Town Center district. This 10,722 sq ft property is zoned CM3 – Commercial Mixed Use offers potential for multifamily or mixed-use development along one of Southeast Portland’s designated urban corridors. The lot size could potentially support a 20–28 unit apartment or mixed-use project with potential for ground-floor retail, live/work space, or neighborhood...CM3 Development Opportunity | 10,722 SF Mixed-Use Site on Foster Corridor. Investor and developer opportunity in Portland’s Foster Corridor and Lents Town Center district. This 10,722 sq ft property is zoned CM3 – Commercial Mixed Use offers potential for multifamily or mixed-use development along one of Southeast Portland’s designated urban corridors. The lot size could potentially support a 20–28 unit apartment or mixed-use project with potential for ground-floor retail, live/work space, or neighborhood commercial uses with residential units above (buyer to verify development capacity and permitted uses). CM3 zoning allows a wide range of uses including multifamily housing, apartments, commercial services, office space, and mixed-use residential projects, creating flexibility for builders and investors seeking long-term redevelopment potential. Located minutes from Lents Town Center, the MAX Green Line station, and I-205, the property benefits from easy connectivity due to proximity transit lines and I-205. The Foster corridor has seen streets improvements, pedestrian upgrades, and new mixed-use housing projects that continue to bring activity and redevelopment to the neighborhood. Future residents would be close to Springwater Corridor Trail, Mt. Scott Community Center, neighborhood parks, and local dining, while remaining connected to downtown Portland. Development opportunities with CM3 zoning and over 10,000 sq ft of land are increasingly rare along the Foster corridor, making this a an opportunity for developers and investors looking to participate in Portland’s next phase of corridor housing and mixed-use growth. Buyer to perform due diligence regarding zoning and development.
  1. Listed by Lisa Mehlhoff • Real Broker • lisapdxhomes@gmail.com

Property Details for 9639 Southeast Foster Road

Zoning
CM3
LISTING UPDATED: 04/15/2026 12:12 AM

Property Details for 9639 Southeast Foster Road

StatusActive
MLS #641160883
Days on Market30
Taxes$2,775 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand / Mixed Use
Year Built-
Lot Size0.25 AC
CountyMultnomah County
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Location

Listing Courtesy of Real Broker
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Building Information for 9639 Southeast Foster Road

Lot Size0.25 AC

Payment Calculator

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$1,969 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,737

Property Taxes

$231

HOA Dues

$0

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Property Information for 9639 Southeast Foster Road

Summary
Location and General Information
  • Country: US
  • Directions: Between Hwy 205 and SE 97th-Foster one way
  • Road Surface: Paved
School Information
  • Elementary School: Lent
  • High School: Franklin
  • Middle Or Junior School: Alice Ott
Taxes and HOA
  • Tax Year: 2021
  • Tax Annual Amount: $2,774.58
  • Parcel Number: R335773
  • Tax Legal Description: SECTION 16 1S 2E, TL 600 0.25 ACRES
Property
Lot Information
  • Acres: 0.25
  • Lot Size Square Feet: 10890.0
  • Number Of Lots Total: 1
  • Land Description: Level
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Sub Type: Mixed Use
  • Property Type: Land
Utilities
  • Utilities: Sewer Connected, Water Connected

Public Records for 9639 Southeast Foster Road

Taxable ValueLand-Additions-Total-
Tax Record2025$3,112 ($259 / month)
Home Facts
Total Finished SqFt2,432 SqFtAbove Grade Finished SqFt2,432 SqFtStories2Lot Size10,722 SqFtStyleCommercialYear Built1906ZoningEXDCountyMULTNOMAHAPN1S2E16DC 00600

Schools near 9639 Southeast Foster Road

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Lent Elementary School
Public - K to 5
Kellogg Middle School
Public - 6 to 8
Franklin High School
Public - 9 to 12
Pauling Academy of Integrated Sciences
Public - 9 to 12
Rating
School
Distance
Lent Elementary School
PublicK to 5

Kellogg Middle School
Public6 to 8

Franklin High School
Public9 to 12

Pauling Academy of Integrated Sciences
Public9 to 12

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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More information about 9639 Southeast Foster Road, Portland, OR 97266

9639 Southeast Foster Road is a 0.25 ac of land for sale in Portland, OR 97266. This property was listed for sale on March 16, 2026 by Real Broker, it's currently listed at $345,000. This listing's school district is Portland School District 1j. Nearby schools include Lent Elementary School, Kellogg Middle School and Franklin High School. 9639 Southeast Foster Road is a 0-bed, 0-bath, 0.25 ac of land on a 10,890 sq. ft. / 0.25 acres lot.

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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 Real Broker

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: 04/15/2026 12:12 AM