6.77% CAP | Stabilized Mixed-Use Foster--Powell Investment Property
$1,575,000
6433 SE Foster Road, Portland, OR 97206
6,634 sqft
Building Size
0.0783 acres
Lot Area
Details:
Highlights:
- 100% leased mixed-use building
- Below market rents
- Seller carry terms available
- 3,498 SF retail restaurant & 3,136 SF multifamily
- One 2 bedroom, three 1 bedroom, & three studio apartments
- New roof in 2020, updated HVAC and paint
- Average Daily Traffic: 16,388
Description:
A 100% occupied mixed-use building in Southeast Portland's Foster-Powell neighborhood. The ground floor is anchored by Bar Carlo, a well-established neighborhood restaurant and popular brunch destination with nearly 20 years of continuous tenancy. The long-term commercial occupancy speaks to the property's strong location and community presence.
Above, seven residential units — a mix of studios, one-bedrooms and a two-bedroom — have several long-term tenants with low turnover. The building is very well maintained, featuring a newer roof, fresh exterior paint, and updated HVAC systems.
Located in Southeast Portland's Foster-Powell neighborhood, the property sits along one of the area's most active retail corridors with strong pedestrian traffic and easy access to both Powell Boulevard and Foster Road. The neighborhood is home to a dense mix of independent restaurants, cafes, and shops, and is well-served by TriMet bus lines. Foster-Powell continues to be one of SE Portland's most sought-after neighborhoods for both residents and businesses.
Documents:
| Title | ||
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| Brochure.pdf |
Location
Gallery
