9639 SE FOSTER RD

Portland, 97266

  • Bed

  • Bath

  • SqFt

  • 1 DOM

  • Built:

  • Status: Active

$345,000

X

9639 SE FOSTER RD

Portland 97266

$345000

  • Bed

  • Bath

  • SqFt

  • 1 DOM

  • Built:

  • Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

CM3 Development Opportunity | 10,722 SF Mixed-Use Site on Foster Corridor. Investor and developer opportunity in Portland’s Foster Corridor and Lents Town Center district. This 10,722 sq ft property is zoned CM3 – Commercial Mixed Use offers potential for multifamily or mixed-use development along one of Southeast Portland’s designated urban corridors. The lot size could potentially support a 20–28 unit apartment or mixed-use project with potential for ground-floor retail, live/work space, or neighborhood commercial uses with residential units above (buyer to verify development capacity and permitted uses). CM3 zoning allows a wide range of uses including multifamily housing, apartments, commercial services, office space, and mixed-use residential projects, creating flexibility for builders and investors seeking long-term redevelopment potential.Located minutes from Lents Town Center, the MAX Green Line station, and I-205, the property benefits from easy connectivity due to proximity transit lines and I-205. The Foster corridor has seen streets improvements, pedestrian upgrades, and new mixed-use housing projects that continue to bring activity and redevelopment to the neighborhood. Future residents would be close to Springwater Corridor Trail, Mt. Scott Community Center, neighborhood parks, and local dining, while remaining connected to downtown Portland. Development opportunities with CM3 zoning and over 10,000 sq ft of land are increasingly rare along the Foster corridor, making this a an opportunity for developers and investors looking to participate in Portland’s next phase of corridor housing and mixed-use growth.Buyer to perform due diligence regarding zoning and development.

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Residence Information

  • No

Features and Utilities

Financial

  • 2774.58

  • 0

  • Cash

  • 03-16-2026

  • No

  • No

Comparable Information

  • 1

  • 1

  • Cash

  • $345,000

  • $345,000

  • Mar 16, 2026 13:44

Schools

public Elementary : Lent 2/10 Ratings
Middle : Alice Ott N/A Ratings
High : Franklin N/A Ratings

Map

Listing courtesy of Real Broker.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Krishna Realty data last checked: Mar 17, 2026 15:06 | Listing last modified Mar 16, 2026 13:44. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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