6.77% CAP | Stabilized Mixed-Use Foster--Powell Investment Property

Investment Overview

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.

Investment 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