27% of homes accept an offer within a week. Tour it before it's gone!
Today:
About this home
Please make offers subject to interior inspection for showings 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. 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! FHA loan at 2.375% with a balance of 450k and the PITI is $2,900If you assume the current loan and pay the seller the remaining you will cash flow 5.8% a year and there is more room to increase the rents!
Lents, located between Mt. Scott and Powellhurst-Gilbert, is a residential and commercial Portland neighborhood with a gridded street plan and a broad greenway spine. The neighborhood’s character concentrates around SE 92nd Avenue and Foster Road, where taquerias, produce markets, barbershops, and small storefronts keep the sidewalks active. Early-20th-century bungalows and mid-century ranches mix with newer infill along wider arterials. Lents Park sets the outdoor rhythm with sports fields, tree-lined paths, and community events. Zenger Farm anchors local food culture with classes and a working urban farm. The Portland Mercado adds a lively cluster of food carts and makers under one roof.
Provided by Walk Score and Local Logic
Offer insights
9630 SE Foster Rd · $550,000
$549K and above
75% chance or better to win
Why $549K+ is a strong offer
DAYS ON MARKET
165 days
The average home goes pending in 71 days.
SALE-TO-LIST
97.5%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Crawl space basement
Bedrooms
Three 2-bed units (each unit has 2 bedrooms)
Bathrooms
Each unit has 1 bathroom
Kitchen
Dishwasher
Range
Refrigerator
Laundry & utility
Washer/dryer hookups in each unit
Electric hot water
Heating & cooling
Baseboard heating
No central air cooling
Exterior features
Level lot
Paved road access
Home design
Multi-family property
Not attached to other properties
Built in 1979
Parking
Assigned parking
Paved parking
Total of 3 parking spaces
Construction
Composition roof
Cement siding
Built in 1979
Utilities
Public water
Public sewer
Electric service
HOA & community
Zoned CM3
Financial info
Property contains 3 total units
Unit rents currently: $1,320; $1,332; $1,457
Building area total approximately 2,424
Other
Rent includes trash collection and water
Cap rate 5.68
Gross rent multiplier 12.68
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Multnomah County
APN
R288271
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 24, 2025.
CM3
D
Commercial/Mixed Use 3 Zone
The Commercial/Mixed Use 3 (CM3) zone is a large-scale zone intended for sites in high-capacity transit station areas, in town centers, along streetcar alignments, along civic corridors, and in locations close to the Central City. It is intended to be an intensely urban zone and is not appropriate for sites where adjacent properties have single-dwelling residential zoning. The zone allows a wide range and mix of commercial and residential uses, as well as employment uses that have limited off-site impacts. Buildings in this zone will generally be up to six stories tall unless height and floor area bonuses are used, or plan district provisions specify other height limits. Development is intended to be pedestrian-oriented, with buildings that contribute to an urban environment with a strong street edge of buildings. The scale of development is intended to be larger than what is allowed in lower intensity commercial/mixed use and residential zones. The Design overlay zone is applied to this zone.
Zone overlays
Design Overlay Zone
Permitted uses
Include but are not limited to:
Religious facility
Automotive repair garage
Day care facility
General retail
Hospital / medical center
Housing
Housing-Group
Office
Educational / school
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
19 unhealthy days expected this year, 21 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97266
Average low and high temperatures (°F)
48
36
50
37
58
43
66
45
71
49
78
53
84
58
85
61
77
56
63
47
53
44
51
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
71/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.6 hrs
4.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 9630 SE Foster Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $347,500 and $564,900.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $348K to $565K.