1416 FALCON Loop, Independence, OR 97351
- Added:
- Mar 17, 2026
- Days on Market:
- 103
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 1416 FALCON Loop
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RH
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 2
- Standard status
- Active
- APN
- 565316
- Size
- 2,332 SF
Taxes and HOA fees
- Tax Description
- LOT 4
- Tax Annual Amount
- 5434
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 2004
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Composition
Listing agent Christopher Haveman (503) 799-9170
Listing office Opt 16325 Boones Ferry Road Suite 202, Lake Oswego, OR (503) 799-9170
Listing date Mar 17, 2026
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Townhome‑style duplex built in 2004 with functional layouts and private fenced backyards
- Open main‑level living with living room off the kitchen, gas fireplace, and dedicated dining area
- Kitchen features an eat‑up bar, plus main‑floor laundry and a convenient half bath
- Sliding door off the main living area to the patio and yard for indoor‑outdoor flow
- Upstairs includes three bedrooms, including a primary suite with vaulted ceilings, en suite bath, walk‑in closet, and private deck
- Forced‑air heating and a composition roof
Overview
Located at 1416 Falcon Loop in Independence, Oregon 97351 within Polk County, the property is a duplex configuration designed to provide a more private, residential feel through dedicated outdoor space.
The layout is well suited for tenants who want the flexibility of separate living and bedroom spaces while keeping everyday functions on the main level, including laundry. For owner-occupants or investors, the two-unit townhome-style format, private fenced backyards, and bedroom-level privacy offered by the primary suites and decks can support a comfortable living experience and an easy-to-market residential configuration.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.8k | $18.36 |
| − Vacancy | −$2.8k | −$1.20 |
| EGI | $40.0k | $17.16 |
| − OpEx | −$12.0k | −$5.15 |
| NOI | $28.0k | $12.01 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Independence
- County
- Polk
- State
- Oregon
- Longitude
- -123.206354
- Latitude
- 44.849062
