Three-Unit Triplex with RV
For Sale
$635,000
1054 NE FALOMA Rd, Portland, OR 97211
MultiFamily, Portland, OR
Property Size1,700 SF
Lot Size0.79 Acres
Price / SF$373.53
Days on Market190
Property Features for 1054 NE FALOMA Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
multi
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1
Subdivision
BRIDGETON
Elementary school
Faubion
High school
Jefferson
Directions
Gertz Rd No. on 6th right on Faloma Rd to Property
Standard status
Active
APN
R272892
Size
1,700 SF
Lot size
0.79 Acres
Taxes and HOA fees
Tax Description
SOUTH SHORE AC, LOT 7
Tax Annual Amount
6341
Legal Description
SOUTH SHORE AC, LOT 7
Utilities
Heating system
Forced Air
Amenities
greenhouse
shared laundry
drive-through garage
orchard
Building Details
Year built
1935
Floors in Building
1
Number of units
3
Roof type
Composition
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Nycole Peraza-LaFave · License #18079
(360) 521-6000
Added: Mar 26
Changed: Oct 1
Last Checked: Oct 1 at 12:06PM
MLS# 165466611
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.
Investment Insights
Based on property information with market context.
This triplex contains 1,700 square feet across three residential units on a 0.79-acre parcel. The unit mix includes a one-bedroom, one-bath residence with a kitchenette, living area, and private deck, plus a two-bedroom, two-bath unit with a full kitchen, vaulted ceilings, Brazilian cherry flooring, and a primary suite with 17 windows. The third unit is a dedicated RV space with full hookups and parking.
The property also includes a greenhouse, fruit trees, shared laundry, and a drive-through garage. The grounds provide space for gardening and include plum, peach, apple, and pear trees. Zoning is multi, with forced-air heating and a composition roof. The property is located near I-5, Marine Drive, and PDX in Portland, Oregon.
The property also includes a greenhouse, fruit trees, shared laundry, and a drive-through garage. The grounds provide space for gardening and include plum, peach, apple, and pear trees. Zoning is multi, with forced-air heating and a composition roof. The property is located near I-5, Marine Drive, and PDX in Portland, Oregon.
Key Highlights
- Three‑unit triplex on 0.79 acres with 1,700 square feet of total property size
- Unit mix includes one 1BR/1BA residence and one 2BR/2BA residence
- Dedicated RV space includes full hookups and parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,691
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$473,820
$473.8K
Cap Rate 7%
$338,443
$338.4K
Cap Rate 9%
$263,233
$263.2K
Market Conditions
NOI Build-Up for 1,700 SF
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.
Gross rent
$35.7K $21.00/SF
− Vacancy
−$1.9K −$1.09/SF
EGI
$33.8K $19.91/SF
− OpEx
−$10.2K −$5.97/SF
NOI
$23.7K $13.94/SF
Area
Portland, OR
Vacancy
5.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$473,820
Cap Rate 7%
$338,443
Cap Rate 9%
$263,233
Alternative Uses
Best Use
Multifamily LT 5
$338.4K
$296.1K – $394.9K
NOI $23,691 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$311.8K
$272.9K – $363.8K
NOI $21,828 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$477.4K
$417.7K – $557.0K
NOI $33,418 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
Explore this area
Business Placement
Demographics for 97211, OR
33,762
Population
15,106
Households
2.2
Avg Household Size
38
Median Age
56%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,755
Density / Sq Mi
$109,604
Median Household Income
$59,171
Median Earnings
$1,818
Median Rent
$616,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer varied layouts, shared laundry, outdoor space, and a drive-through garage on a wooded residential parcel.
Where is this triplex located?
The property is located at 1054 NE FALOMA Rd Portland, OR.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Three‑unit triplex on 0.79 acres with 1,700 square feet of total property size; Unit mix includes one 1BR/1BA residence and one 2BR/2BA residence; Dedicated RV space includes full hookups and parking
