New Listing! Priced at only $159,00 per-unit! Fiftyeight 40 is a newly-built 11-unit multifamily building located on SE 89th Ave & SE Foster Rd. Built in 2023, Fiftyeight 40 is comprised of all studio units and is well amenitized with full kitchens, quartz countertops, stainless appliances, luxury vinyl plank flooring, washer/dryers, and air conditioning. Priced well below replacement cost, at $159,091 per-unit, this is a unique opportunity for a buyer to acquire a newly-constructed asset at the price-point of a much older building. Tenants benefit from the convenient location with walking distance to many neighborhood restaurants, bars, and stores. Within three blocks of the property, attractions include Bella’s Italian Bakery, Humdinger Pizza Company, Shifters Bar, The Eagle Eye Tavern, Oliver’s Café, Zoiglhaus Brewing, El Pato Feliz Jr, Every Day Food Mart, Planet Fitness, Lighthouse Yoga, Align Wellness, Boldheart Bodywork, and NWProGear Bicycle Shop. While technically in the Lents neighborhood, the small retail area where Fiftyeight 40 is located has much more in common with the "Fo-Po" Neighborhood, just blocks to the west. It’s also just blocks from the entrance to the I-205 freeway and is only minutes from the trendy Woodstock Neighborhood and its eclectic mix of restaurants and shops. The location features a Walk Score of 83 and is a biker's paradise, with a 92 Bike Score. The Lents Town Center/SE Foster Rd Light Rail stop for Portland's award-winning MAX Light Rail line is only 5 blocks away. Within a half mile of the building are two large city parks, Glenwood City Park and Lents Park, home to Walker Stadium and the Portland Pickles baseball team. Downtown Portland is 5 miles west of the property, downtown Gresham is 5 miles east, and Clackamas is 5 miles south. The location is well-served by TriMet’s bus lines and is a short drive from nearly all Portland has to offer.