58 Foster

5811 SE Boise Street, Portland, Oregon 97206

$5,450,000

Status:
In Contract
County:
Multnomah
Units:
30
Year Built:
2017
Unit Price:
$181,667
Land Size:
0.20 Acres
Building Size:
14,704 sq. ft.
Price per SF:
$331
CAP Rate:
5.80%
Unit Mix:

Thirty (30) units consisting of twelve (12) studios and eighteen (18) one-bedroom apartments.

WD in unit:
Yes
Siding:
HardiePlank
Roof Type:
Composite
Heat Type:
Electric
Property Photo

58 Foster is a fully stabilized, newly constructed apartment building in the desirable Foster/Powell neighborhood of SE Portland. Completed in 2017, this property quickly leased-up to capacity. The unit mix of studio and one-bedroom apartments and its proximity to downtown Portland attracts a strong tenant demographic. Units offer modern finishes and color schemes, large windows, air conditioning, and in-unit washer and dryer.

30
Units
2017
Year Built
14,704
SQ. FT.

Property Location