• Listing status icon

    $1,000,000

  • Sold 3/27/18 | MLS#: 18286978

12429 SE FOSTER RD Portland, OR 97236

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Listing provided courtesy of: Meadows Group Inc., Realtors

Overview

8-plex on 1/2 acre. Rents currently below market value. Newer siding, windows & roof. Remodeled units. No deferred maintenance,impeccably maintained. Possibility for additional units, was pre-approved several years ago previous to this owner. Large paved parking lot. Park-like lawn. On bus line & near Max.Close to schools and shopping.Near 611 acre Powell Butte National Park. On-site coin-op laundry & 2 storage rooms. Great opportunity!

General Features

  • Area Portland Southeast
  • Bank Owned Y/N No
  • Capitalization Rate 5.25
  • Country US
  • Fuel Description Electricity
  • Gross Income Actual 85200
  • Gross Income Projected 87292
  • Gross Rent Multiplier 12.90
  • Heating Description Baseboard
  • Hot Water Description Electricity
  • Net Income Actual 57661
  • Net Income Projected 59753
  • Number Of Units Total 8
  • Operating Expenses Actual 18515
  • Operating Expenses Projected 18515
  • Sewer Description Public
  • Short Sale Y/N No
  • Tax Amount 9146.43
  • Terms Cash,Conventional
  • Third Party Approval Y/N No
  • Utilities Included Electricity,Garbage,Sewer,Water
  • View Y/N No
  • Water Description Public
  • Year Built 1970
  • Zoning R2

Building Features

  • Common Amenities Commons,Laundry
  • Exterior Description Vinyl
  • Storage Attached
  • Unit Type1 Baths Total 1
  • Unit Type1 Beds Total 2
  • Unit Type1 Features Built-in Dishwasher,Disposal,Range,Refrigerator
  • Unit Type1 Rent 950
  • Unit Type1 SqFt 830
  • Unit Type1 Units Total 4
  • Unit Type2 Baths Total 1
  • Unit Type2 Beds Total 1
  • Unit Type2 Features Built-in Dishwasher,Disposal,Range,Refrigerator
  • Unit Type2 Rent 850
  • Unit Type2 SqFt 640
  • Unit Type2 Units Total 2
  • Unit Type3 Baths Total 1
  • Unit Type3 Beds Total 1
  • Unit Type3 Features Built-in Dishwasher,Disposal,Range,Refrigerator
  • Unit Type3 Rent 800
  • Unit Type3 SqFt 640
  • Unit Type3 Units Total 1
  • Unit Type4 Baths Total 1
  • Unit Type4 Features Built-in Dishwasher,Disposal,Range,Refrigerator
  • Unit Type4 SqFt 490
  • Unit Type4 Units Total 1
  • Unit Type4Rent 725
  • Unit Type5 Features Storage
  • Unit Type5 Units Total 2
  • UnitFeatures Built-in Dishwasher,Disposal,Range,Refrigerator,Storage
  • UnitTypeType 1,2,3,4,5

Room Features

  • Basement Foundation Crawlspace
  • Legal Description SECTION 14 1S 2E, TL 4900 0.49 ACRES
  • Limited Representation Y/N Full Service

Property Features

  • Lot Description Level
  • Lot Size 20,000 SqFt to .99 Acres
  • Parking Description Assigned,Paved
  • Property Category MultiFamily
  • Roof Type Composition

Schools

  • Elementary School Gilbert Park
  • High School David Douglas
  • Middle School Alice Ott

Listing agent photo

Deana Doney

Broker

503-539-5972Meadows Group Inc., Realtors MEAO01

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Days on Market

  • This property was listed on the market for 144 days

Location

The property map location is: Accurate, based on Google's address match.
Listing agent photo

Deana Doney

Broker

503-539-5972Meadows Group Inc., Realtors MEAO01

Ask A Question

Community Demographics for Zip Code 97236 (Portland)

Housing Occupancy
  • Home Owners: 9,032 (55%)
  • Renters: 6,690 (41%)
  • Vacant: 627 (4%)
  • Total Housing Units: 16,349
Households
  • Average Household Size: 2.93
  • Housing Density (People per square mile): 6,062
Age Range (number of people)
  • Age 0-14: 11,516
  • Age 15-24: 6,782
  • Age 25-39: 8,720
  • Age 40-59: 10,385
  • Age 60-79: 7,598
  • Age 80+: 1,857
  • Total: 46,858

* All numbers in this section are 2016 projections provided by Geolytics Inc

School Information for 97236 (Portland)

Public Schools in Zip Code 97236 (Portland)

* This list of schools may not match the property above.

CENTENNIAL MIDDLE SCHOOL 17650 SE BROOKLYN ST PORTLAND, OR 97236 Phone: 5037623206 7th-8th
Grade Size Distribution
  • 7th: 559
  • 8th: 528
School Population
  • Teachers: 54
  • Students per Teacher: 20.1
  • Students: 1087
  • Male/Female: 526/527
School District
  • CENTENNIAL SD 28J
  • 18135 SE BROOKLYN ST PORTLAND, OR 97236
  • Phone: 5037607990
District Population
  • Schools: 10
  • Full-Time Teachers: 341
  • Students per Teacher: 19.7
  • Staff: 708
  • Students: 6700
ALICE OTT MIDDLE SCHOOL 12500 SE RAMONA ST PORTLAND, OR 97236 Phone: 5032566510 6th-8th
Grade Size Distribution
  • 6th: 267
  • 7th: 238
  • 8th: 254
School Population
  • Teachers: 44
  • Students per Teacher: 17.3
  • Students: 759
  • Male/Female: 397/327
School District
  • DAVID DOUGLAS SD 40
  • 1500 SE 130TH AVE PORTLAND, OR 97233
  • Phone: 5032522900
District Population
  • Schools: 16
  • Full-Time Teachers: 575
  • Students per Teacher: 18.4
  • Staff: 1193
  • Students: 10580
ARTHUR ACADEMY 13717 SE DIVISION ST PORTLAND, OR 97236 Phone: 5032523753 K-6th
Grade Size Distribution
  • Knd: 27
  • 1st: 25
  • 2nd: 27
  • 3rd: 22
  • 4th: 25
  • 5th: 22
School Population
  • Teachers: 6
  • Students per Teacher: 24.7
  • Students: 148
  • Male/Female: 78/59
School District
  • DAVID DOUGLAS SD 40
  • 1500 SE 130TH AVE PORTLAND, OR 97233
  • Phone: 5032522900
District Population
  • Schools: 16
  • Full-Time Teachers: 575
  • Students per Teacher: 18.4
  • Staff: 1193
  • Students: 10580
GILBERT HEIGHTS ELEMENTARY SCHOOL 12839 SE HOLGATE BLVD PORTLAND, OR 97236 Phone: 5032566502 K-5th
Grade Size Distribution
  • Knd: 28
  • 1st: 123
  • 2nd: 113
  • 3rd: 121
  • 4th: 110
  • 5th: 102
School Population
  • Teachers: 28
  • Students per Teacher: 21.3
  • Students: 597
  • Male/Female: 255/302
School District
  • DAVID DOUGLAS SD 40
  • 1500 SE 130TH AVE PORTLAND, OR 97233
  • Phone: 5032522900
District Population
  • Schools: 16
  • Full-Time Teachers: 575
  • Students per Teacher: 18.4
  • Staff: 1193
  • Students: 10580
GILBERT PARK ELEMENTARY SCHOOL 13132 SE RAMONA ST PORTLAND, OR 97236 Phone: 5032566531 K-5th
Grade Size Distribution
  • Knd: 29
  • 1st: 110
  • 2nd: 100
  • 3rd: 120
  • 4th: 110
  • 5th: 126
School Population
  • Teachers: 32
  • Students per Teacher: 18.6
  • Students: 595
  • Male/Female: 276/310
School District
  • DAVID DOUGLAS SD 40
  • 1500 SE 130TH AVE PORTLAND, OR 97233
  • Phone: 5032522900
District Population
  • Schools: 16
  • Full-Time Teachers: 575
  • Students per Teacher: 18.4
  • Staff: 1193
  • Students: 10580
HAPPY VALLEY ELEMENTARY SCHOOL 13865 SE KING RD PORTLAND, OR 97236 Phone: 5036533670 K-6th
Grade Size Distribution
  • Knd: 117
  • 1st: 145
  • 2nd: 133
  • 3rd: 129
  • 4th: 153
  • 5th: 148
  • 6th: 158
School Population
  • Teachers: 45
  • Students per Teacher: 21.8
  • Students: 983
  • Male/Female: 484/461
School District
  • NORTH CLACKAMAS SD 12
  • 4444 SE LAKE RD MILWAUKIE, OR 97222
  • Phone: 5033536000
District Population
  • Schools: 32
  • Full-Time Teachers: 901
  • Students per Teacher: 19.7
  • Staff: 1924
  • Students: 17772
LYNCH MEADOWS ELEMENTARY SCHOOL 18009 SE BROOKLYN ST PORTLAND, OR 97236 Phone: 5037623208 K-6th
Grade Size Distribution
  • Knd: 73
  • 1st: 70
  • 2nd: 72
  • 3rd: 71
  • 4th: 81
  • 5th: 69
  • 6th: 95
School Population
  • Teachers: 27
  • Students per Teacher: 19.7
  • Students: 531
  • Male/Female: 247/265
School District
  • CENTENNIAL SD 28J
  • 18135 SE BROOKLYN ST PORTLAND, OR 97236
  • Phone: 5037607990
District Population
  • Schools: 10
  • Full-Time Teachers: 341
  • Students per Teacher: 19.7
  • Staff: 708
  • Students: 6700
LYNCH WOOD ELEMENTARY SCHOOL 3615 SE 174TH ST PORTLAND, OR 97236 Phone: 5037623204 K-6th
Grade Size Distribution
  • Knd: 70
  • 1st: 71
  • 2nd: 96
  • 3rd: 83
  • 4th: 64
  • 5th: 75
  • 6th: 75
School Population
  • Teachers: 28
  • Students per Teacher: 19.1
  • Students: 534
  • Male/Female: 266/251
School District
  • CENTENNIAL SD 28J
  • 18135 SE BROOKLYN ST PORTLAND, OR 97236
  • Phone: 5037607990
District Population
  • Schools: 10
  • Full-Time Teachers: 341
  • Students per Teacher: 19.7
  • Staff: 708
  • Students: 6700
SPRING MOUNTAIN ELEMENTARY SCHOOL 11645 SE MASA LN PORTLAND, OR 97236 Phone: 5033535600 K-6th
Grade Size Distribution
  • Knd: 63
  • 1st: 71
  • 2nd: 78
  • 3rd: 88
  • 4th: 73
  • 5th: 94
  • 6th: 86
School Population
  • Teachers: 28
  • Students per Teacher: 19.8
  • Students: 553
  • Male/Female: 296/229
School District
  • NORTH CLACKAMAS SD 12
  • 4444 SE LAKE RD MILWAUKIE, OR 97222
  • Phone: 5033536000
District Population
  • Schools: 32
  • Full-Time Teachers: 901
  • Students per Teacher: 19.7
  • Staff: 1924
  • Students: 17772

Private Schools in Zip Code 97236 (Portland)

* This list of schools may not match the property above.

FRANCISCAN MONT. EARTH SCHOOL 14750 SE CLINTON Portland, OR 97236 Phone: 5037608220 PreK-8th
Grade Size Distribution
  • Ungrd: 30
  • PreK: 60
  • Knd: 38
  • 1st: 28
  • 2nd: 26
  • 3rd: 30
  • 4th: 24
  • 5th: 25
  • 6th: 25
  • 7th: 24
  • 8th: 18
School Population
  • Teachers: 0
  • Students per Teacher: N/A
  • Students: 328
KINDER-CARE LEARNING CTR #902 16915 SE NAEGELI DR Portland, OR 97236 Phone: 5036615145 PreK-5th
Grade Size Distribution
  • PreK: 40
  • Knd: 9
  • 1st: 8
  • 2nd: 3
  • 3rd: 4
  • 4th: 2
  • 5th: 2
School Population
  • Teachers: 0
  • Students per Teacher: N/A
  • Students: 68

* School data provided by US Department of Education


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 Meadows Group Inc., Realtors are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2018 RMLS™, Portland, Oregon. This content last updated on 8/19/2018 3:08 AM PST. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX and listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

* Rates and payment information listed in the mortgage calculator are provided as for general reference only. Specific mortgage information should be verified with a qualified lending professional