$675,000
$25K PRICE DROP

9630 SE Foster Rd Unit 9634 Portland, OR 97266

Lents Neighborhood

Estimated payment $4,167/month

Total Views 8,421
6 Beds
3 Baths
2,424 Sq Ft
$278 Price per Sq Ft

Highlights

  • No HOA
  • 4-minute walk to Lents Town Center/Se Foster Road
  • Level Lot
  • Baseboard Heating

About This Home

Assumable FHA loan at 2.375% This updated triplex at 9630 SE Foster Rd, Portland presents an excellent investment opportunity. With a new roof and new siding, the property is in top condition, requiring minimal upkeep. Additionally, a 10% rent increase is set to take effect in July. enhancing the potential growth future cash flow. Located in a desirable area of Portland, this triplex offers both stability and growth potential for investors. Don’t miss the chance to add this turnkey property to your portfolio! left building Is for sale only

Listing Agent

Amit Amshalom

RE/MAX Equity Group License #201247964 Listed on: 11/20/2024

RE/MAX Equity Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,221

Year Built

  • Built in 1979

Lot Details

  • 4,791 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof
  • Cement Siding

Interior Spaces

  • 2,424 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • Paved Parking
  • Assigned Parking

Schools

  • Kelly Elementary School
  • Lane Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R288271

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $12,113
  • Gross Income $43,368
  • Net Operating Income $31,255

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,221

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1979
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Total Bedrooms: 6
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, Paved
  • Attached Garage: No
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: Unknown
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Kelly
  • High School: Franklin
  • Middle Or Junior School: Lane

Lot Info

  • Zoning: CM3
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4791.0
  • Parcel #: R288271

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 6221.18

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 15.56
  • Annual Gross Income: 43368.0
  • Property Net Operating Income: 31255.0
  • Annual Operating Expense: 12113.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,221 $232,520 -- --
2023 $6,221 $225,750 $0 $0
2022 $5,853 $219,180 $0 $0
2021 $5,754 $212,800 $0 $0
2020 $5,278 $206,610 $0 $0
2019 $5,084 $200,600 $0 $0
2018 $4,935 $194,760 $0 $0
2017 $4,514 $189,090 $0 $0
2016 $3,739 $183,590 $0 $0
2015 $3,352 $178,250 $0 $0
2014 $2,931 $173,060 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 For Sale $675,000 0.0% $278 / Sq Ft
07/24/2025 07/24/25 Pending -- -- --
05/27/2025 05/27/25 For Sale $675,000 0.0% $278 / Sq Ft
03/20/2025 03/20/25 Pending -- -- --
01/19/2025 01/19/25 Price Changed $675,000 -3.6% $278 / Sq Ft
11/20/2024 11/20/24 For Sale $700,000 +88.7% $289 / Sq Ft
01/25/2013 01/25/13 Sold $370,872 -12.7% $77 / Sq Ft
11/20/2012 11/20/12 Pending -- -- --
09/28/2012 09/28/12 For Sale $424,995 -- $88 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $515,000 Fidelity National Ttl Of Or
Warranty Deed $339,000 Wfg Title
Warranty Deed $185,436 Ticor Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $505,672 FHA
Previous Owner $291,000 Commercial
Previous Owner $138,750 New Conventional
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24409664

Regional Multiple Listing Service (RMLS)

APN: R288271