5717 Southeast Foster Road

Portland, OR 97206

$599,000
Price
Beds
1,438 Sq. Ft.
$417 / Sq. Ft.
1,438
Sq. Ft.
$417
per Sq. Ft.

Description

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,...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.
  1. Listed by Patrick Sheehan • Better Homes & Gardens Realty

Property Details for 5717 Southeast Foster Road

Subdivision
FOSTER/POWELL
Parking Features
Open
Zoning
CE
Parking Total
6.00

Location

Listing Courtesy of Better Homes & Gardens Realty
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LISTING UPDATED: 03/26/2024 12:58 PM

Property Details for 5717 Southeast Foster Road

StatusActive
MLS #23295758
Days on Market179
Taxes$2,980 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1908
Lot Size-
CountyMultnomah County

Location

Listing Courtesy of Better Homes & Gardens Realty
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Building Information for 5717 Southeast Foster Road

Stories2Residences2Year Built1908Building Size-Lot Size-

Payment Calculator

$3,517 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,269

Property Taxes

$248

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5717 Southeast Foster Road

Summary
Location and General Information
  • Country: US
  • Directions: Foster Rd
  • Road Surface: Paved
School Information
  • Elementary School: Creston
  • High School: Franklin
  • Middle Or Junior School: Kellogg
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $2,980.33
  • Parcel Number: R298609
  • Tax Legal Description: WATTS SUB, BLOCK 3, LOT 11, LAND & IMPS SEE R631180 (R884300991)
Property
Lot Information
  • Lot Description: On Busline
  • Lot Size Range: Sq Ft3000to4999
  • Lot Size: 3,000 to 4,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Year Built: 1908
Utilities
  • Fuel Description: Gas
  • Heating Description: Forced Air
  • Hot Water Description: Tank
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding
Interior Features
  • Basement: Exterior Entry, Full Basement, Storage Space
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $37,032.00
  • Gross Income Projected: $46,032.00
  • Gross Rent Multiplier: $16.18
  • Investor Information: According To Owner
  • Net Income Actual: $29,004.00
  • Net Income Projected: 38004
  • Operating Expenses Projected: $8,028.00
  • Operating Expense: $8,028.00
  • Storage: Basement, Individual Storage Units
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 1438
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: $1,750
  • Unit Type 1 SqFt: 888.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 2 Rent: $1,220
  • Unit Type 2 SqFt: 550.0
  • Unit Type 2 Units Total: 1

Schools near 5717 Southeast Foster Road

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - PK to 5
Public - 9 to 12
Rating
School
Distance
Creston Elementary School
PublicK to 8

Franklin High School
Public9 to 12

Richmond Elementary School
PublicPK to 5

Biztech High School
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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5717 Southeast Foster Road is a multi-family home for sale in Portland, OR 97206. This property was listed for sale on November 7, 2023 by Better Homes & Gardens Realty, it's currently listed at $599,000. This listing's school district is Portland School District 1j. Nearby schools include Creston Elementary School, Franklin High School and Richmond Elementary School. 5717 Southeast Foster Road is a 0-bed, 0-bath, 1,438 sqft multi-family home built in 1908.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Better Homes & Gardens Realty

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