Map location of 9639 SE FOSTER RD, Portland, OR 97266
$345,000
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9639 SE Foster RD, Portland, OR 97266

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CM3 Development Opportunity | 10,722 SF Mixed-Use Site on Foster Corridor. Investor and developer opportunity in Portlands 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 Portlands designated urban corridors. The lot size could potentially support a 2028 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 Portlands next phase of corridor housing and mixed-use growth.Buyer to perform due diligence regarding zoning and development.

Listing By: Lisa Mehlhoff - Real Broker lisapdxhomes@gmail.comorrmls Realty.com
  • MLS# 641160883
  • Date Listed03/16/2026
  • Days on Realty 7 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 0.25 acres (10,890 sq. ft)
  • County Multnomah

Interior Features

  • Cooling None
  • Heating None

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.25
  • Lot Size SQFT 10,890.00
  • Lot Features Level

Directions

Between Hwy 205 and SE 97th-Foster one way

Financial Considerations

  • Tax Amount $2,775
  • Terms Cash, Conventional, FHA, VA Loan

Nearby Schools

Source: School Digger

Earl Boyles Elementary School

Public • PK - 5 • Serves this home

1.49 mi

Distance

Cherry Park Elementary School

Public • PK - 5

3.14 mi

Distance

Mill Park Elementary School

Public • PK - 5

3.55 mi

Distance

Duniway Elementary School

Public • PK - 5

4.72 mi

Distance

Shaver Elementary School

Public • PK - 5

7.52 mi

Distance

Riverdale Grade School

Public • PK - 8

7.79 mi

Distance

Irvington K-8 School

Public • PK - 5

8.61 mi

Distance

Ron Russell Middle School

Public • 6 - 8

1.49 mi

Distance

Alice Ott Middle School

Public • 6 - 8 • Serves this home

2.39 mi

Distance

Lane Middle School

Public • 6 - 8

2.68 mi

Distance

Kellogg Middle School

Public • 6 - 8

2.8 mi

Distance

Happy Valley Middle School

Public • 6 - 8

4.22 mi

Distance

Floyd Light Middle School

Public • 6 - 8

4.24 mi

Distance

Mt Tabor Middle School

Public • 6 - 8

4.84 mi

Distance

Oliver Middle School

Public • 6 - 8

5.47 mi

Distance

Alder Creek Middle School

Public • 6 - 8

6.17 mi

Distance

Hosford Middle School

Public • 6 - 8

6.19 mi

Distance

Benson Polytechnic High School

Public • 9 - 12

1.2 mi

Distance

Mcdaniel High School

Public • 9 - 12

1.2 mi

Distance

Fir Ridge Campus

Public • 9 - 12

3.28 mi

Distance

Franklin High School

Public • 9 - 12 • Serves this home

3.87 mi

Distance

Clackamas Middle College

Public • 9 - 12

4.05 mi

Distance

David Douglas High School

Public • 9 - 12

4.77 mi

Distance

Cleveland High School

Public • 9 - 12

5.75 mi

Distance

Clackamas High School

Public • 9 - 12

6.13 mi

Distance

Centennial High School

Public • 9 - 12

6.27 mi

Distance

Milwaukie Academy Of The Arts

Public • 9 - 12

6.61 mi

Distance

Portland Youth Builders

Private • UG - UG

1.2 mi

Distance

Mt Scott Learning Center

Private • 09 - 12

2.77 mi

Distance

Portland Adventist Academy

Private • 09 - 12

3.14 mi

Distance

Columbia Christian Schools

Private • PK - 12

4.15 mi

Distance

La Salle Catholic College Preparatory

Private • 09 - 12

4.3 mi

Distance

Serendipity Center

Private • KG - 12

4.34 mi

Distance

Youth Progress Association

Private • 06 - 12

5.4 mi

Distance

Portland Waldorf School And Early Childhood

Private • PK - 12

6.07 mi

Distance

Spring Mountain Christian Academy

Private • KG - 12

6.13 mi

Distance

Portland Christian Jr/Senior High School

Private • PK - 12

6.58 mi

Distance

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in OR / 97266

Source: Walk Score

72/100

Very Walkable

Walk Score ®

55/100

Good Transit

Transit Score ®

87/100

Very Bikeable

Bike Score ®

Overview

Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.

Transit Summary

8 nearby routes: 7 bus, 1 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 49/100, Transit Score: 33/100, Bike Score: 65/100.

Points of Interest near 9639 SE FOSTER RD, Portland, OR 97266

Frequently Asked Questions for 9639 SE FOSTER RD

Source: Realty.com

9639 SE FOSTER RD, Portland, OR 97266 is a Mixed Use, Land property listed for $345,000 The property is - sq. ft with - bedrooms and 0 bathrooms

Realty.com has 14 photos of 9639 SE FOSTER RD.

The full address for this home is 9639 SE FOSTER RD, Portland, OR 97266.

9639 SE FOSTER RD has been listed on Realty.com since Mon March 16, 2026

Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 49/100, Transit Score: 33/100, Bike Score: 65/100.

There are 3 schools assigned to this home. Check out the schools near 9639 SE FOSTER RD. Earl Boyles Elementary School (Grades: PK - 5), Alice Ott Middle School (Grades: 6 - 8), Franklin High School (Grades: 9 - 12)

Listing provided courtesy of: Real Broker (lisapdxhomes@gmail.com) (tel: 855-450-0442)
Listing agent: Lisa Mehlhoff (tel: 503-490-4888) (#LISMEHLH)

This content last refreshed on 2026-03-23 06:49:57. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 9639 SE FOSTER RD, Portland, OR 97266 : MLS# 641160883

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