5717 Southeast Foster Road

Portland, OR 97206

$588,000
Price
Beds
1,438 Sq. Ft.
$409 / Sq. Ft.
1,438
Sq. Ft.
$409
per Sq. Ft.

Description

Supreme location and highly desired zoning. Live/work opportunity with solid tenant in place. Upstairs unit brings additional income or owner occupy for additional financing options. Other revenue streams include billboard and possible food cart space. Full use basement currently includes storage and laundry but has egress and potential for additional income. The mix of commercial uses, includes multifamily, single-family, auto-accommodating, drive-through facilities, light manufacturing, and distribution....Supreme location and highly desired zoning. Live/work opportunity with solid tenant in place. Upstairs unit brings additional income or owner occupy for additional financing options. Other revenue streams include billboard and possible food cart space. Full use basement currently includes storage and laundry but has egress and potential for additional income. The mix of commercial uses, includes multifamily, single-family, auto-accommodating, drive-through facilities, light manufacturing, and distribution. This zone is for commercial, employment, but residential uses are also allowed. The possibilities are endless. Buyer to complete due diligence with the city for the desired use/development.
  1. Listed by Brenda Brunner • Real Broker

Property Details for 5717 Southeast Foster Road

Subdivision
FOSTER - POWELL
Parking Features
Off Street, On Street
Zoning
CE
Parking Total
6.00

Location

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LISTING UPDATED: 05/22/2024 09:11 PM

Property Details for 5717 Southeast Foster Road

StatusActive
MLS #24581693
Days on Market16
Taxes$2,980 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1908
Lot Size-
CountyMultnomah County

Location

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Building Information for 5717 Southeast Foster Road

Stories2Residences2Year Built1908Building Size-Lot Size-

Payment Calculator

$3,457 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,209

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 to 5717
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
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
  • Property Condition: Updated Remodeled
  • 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: $15.88
  • 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
  • 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, 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 May 7, 2024 by Real Broker, it's currently listed at $588,000. 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.

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