Duplex with Separate Second
New
For Sale
$599,900
1054 NE FALOMA Rd, Portland, OR 97211
MultiFamily, Portland, OR
Property Size1,653 SF
Lot Size0.79 Acres
Price / SF$362.92
Days on Market2
Property Features for 1054 NE FALOMA Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R10
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2
Subdivision
East Columbia
Elementary school
Faubion
Middle school
Ockley Green
High school
Jefferson
Directions
Marine Dr to R 13th, R to Faloma
Standard status
Active
APN
R272892
Size
1,653 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
Cooling system
Central Air
Amenities
deck
greenhouse
gardening space
fruit orchard
shared laundry room
attic storage
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
MORE Realty
(503) 353-6673
Listed By:
Michele Montoya · License #200501263
(503) 453-7242
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 6:06AM
MLS# 519462952
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.
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Investment Insights
Based on property information with market context.
This 1,653-square-foot duplex, built in 1935, includes a 2-bedroom, 2-bath main residence and a separate 1-bedroom, 1-bath unit. The main home has Brazilian cherry hardwood floors, an open living and kitchen area, stainless steel appliances, and a primary suite with a walk-in closet. The second unit has its own exterior entrance, a family room, loft bedroom, kitchenette, and full bath. A shared laundry room connects the two spaces.
The property spans 0.79 acres and includes a mahogany deck, greenhouse, gardening areas, and fruit trees. Additional features include a drive-through garage, RV parking pad with hookups, and attic storage. The property is zoned R10 and offers access to I-5. Heating is forced air, and cooling is central air.
The property spans 0.79 acres and includes a mahogany deck, greenhouse, gardening areas, and fruit trees. Additional features include a drive-through garage, RV parking pad with hookups, and attic storage. The property is zoned R10 and offers access to I-5. Heating is forced air, and cooling is central air.
Key Highlights
- Two units: 2 bedrooms and 2 bathrooms in the main home; 1 bedroom and 1 bathroom in the second unit
- 1,653 square feet; built in 1935
- 0.79‑acre parcel zoned R10
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,036
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,720
$460.7K
Cap Rate 7%
$329,086
$329.1K
Cap Rate 9%
$255,956
$256.0K
Market Conditions
NOI Build-Up for 1,653 SF
Gross rent
$34.7K $21.00/SF
− Vacancy
−$1.8K −$1.09/SF
EGI
$32.9K $19.91/SF
− OpEx
−$9.9K −$5.97/SF
NOI
$23.0K $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 Rate 5%
$460,720
Cap Rate 7%
$329,086
Cap Rate 9%
$255,956
Alternative Uses
Best Use
Multifamily LT 5
$329.1K
$288.0K – $383.9K
NOI $23,036 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$303.2K
$265.3K – $353.7K
NOI $21,224 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$464.2K
$406.2K – $541.6K
NOI $32,494 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two living spaces provide 2-bedroom/2-bath and 1-bedroom/1-bath layouts, connected by a shared laundry room.
Where is this duplex located?
The property is located at 1054 NE FALOMA Rd Portland, OR.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two units: 2 bedrooms and 2 bathrooms in the main home; 1 bedroom and 1 bathroom in the second unit; 1,653 square feet; built in 1935; 0.79‑acre parcel zoned R10
