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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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9639 SE Foster Rd , Portland, OR 97266
$295,000
Est. Payment: $1,584.88/mo
0.25 Acres
Status: active | Days on site: 221
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RBRK01 - LISMEHLH
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House Description

SELLER FINANCING AVAILABLE | 10,722 SF CM3 DEVELOPMENT SITEInvestor and developer opportunity along Portland’s Foster Road corridor near Lents Town Center, the MAX Green Line and I-205. Offered at $295,000—approximately $27.51 per square foot of land—this 10,722-square-foot site is zoned CM3 Commercial Mixed Use, providing flexibility for a range of residential and commercial development concepts.Preliminary concepts suggest the site could potentially support a 20–28-unit apartment or mixed-use project, with possibilities including multifamily housing, ground-floor retail, live/work space, offices, commercial services or neighborhood commercial uses with residential units above. Development capacity, permitted uses and City approvals are subject to buyer verification.The location offers convenient access to transit, major transportation routes and downtown Portland. Future residents could enjoy proximity to the Springwater Corridor Trail, Mt. Scott Community Center, neighborhood parks, dining and services. Continued street, pedestrian and mixed-use improvements along the Foster corridor add to the property’s long-term redevelopment potential. The seller will consider short-term financing for a qualified buyer, creating an opportunity to control the property while completing due diligence, design and entitlement work. Buyer to perform independent due diligence regarding zoning, utilities, development capacity and permitted uses. Contact the agent for property information and proposed seller-financing terms.

Highlights

Listed by Lisa Mehlhoff , 503-490-4888 Real Broker , 855-450-0442. Portland Regional Multiple Listing Service mls logo

Property Type

Vacant Land

Lot/Acreage
0.25

County

Multnomah

Area

143 - Portland Southeast

Listing ID

641160883

Questions about this listing?

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Interior Features

Exterior Features

Lot:Level
Zoning:CM3
Principal Interest
$1,585
Taxes
$231

Home Price

$295,000

Loan Details

30 yrs
7.093%

Down Payment

20%
$59,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,584.88

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,584.88 $231.22 $0.00 $1,816.10
Yearly $19,018.58 $2,774.58 $0.00 $21,793.16
Total $570,557.39 $83,237.40 $0.00 $653,794.79

Today's Rates

30 Year

7.09%

20 Year

6.88%

15 Year

6.42%

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Market insight data is pulled from the same city as the listing being viewed (Portland, OR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.


The data relating to real estate for sale on this web site comes in part from the Portland Regional Multiple Listing Service. Real estate listings held by brokerage firms other than The AskSarita Team | Keller Williams Sunset Corridor are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor technology provider shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated: 2026-10-23T15:00:07.000Z

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