Townhome-Style
For Sale
$600,000
1416 Falcon Loop, Independence, OR 97351
Two-story duplex with fenced outdoor areas, flexible living spaces, and separated bedroom accommodations.
Property Size2,332 SF
Price / SF$257.29
Days on Market169
Property Features for 1416 Falcon Loop
General Information
Standard status
Active
Size
2,332 SF
Property subtype
Multi Family
Zoning
RH
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,434
Amenities
gas fireplace
private fenced backyards
patio
private deck
walk-in closet
en suite bath
vaulted ceilings
laundry
Cement Siding
Building Details
Year Built
2004
Listing Agency:
Opt
(503) 799-9170
Listed By:
Christopher Haveman · License #201233569
(503) 799-9170
Source:
Compass
Added: Mar 17
Changed: Aug 31
Last Checked: Aug 30 at 12:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Opt
Investment Insights
Based on property information with market context.
This 2,332-square-foot duplex, built in 2004, features townhome-style interiors with open main-level living areas and cement siding. The living room connects with the kitchen and includes a gas fireplace, eat-up bar, and dedicated dining area. A sliding door extends the main level to a patio and private fenced backyard. Laundry facilities and a half bath are also located downstairs.
All three bedrooms are positioned upstairs, creating separation from the primary living areas. The primary suite includes vaulted ceilings, an en suite bathroom, and a walk-in closet, while a private deck adds exterior space. A full hallway bathroom serves the remaining upstairs accommodations. The property is identified with RH zoning.
All three bedrooms are positioned upstairs, creating separation from the primary living areas. The primary suite includes vaulted ceilings, an en suite bathroom, and a walk-in closet, while a private deck adds exterior space. A full hallway bathroom serves the remaining upstairs accommodations. The property is identified with RH zoning.
Key Highlights
- 2,332‑square‑foot duplex built in 2004
- Townhome‑style layout with three upstairs bedrooms
- Gas fireplace, eat‑up bar, and dedicated dining area
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
$28,008
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
4.67%
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%
$560,160
$560.2K
Cap Rate 7%
$400,114
$400.1K
Cap Rate 9%
$311,200
$311.2K
Market Conditions
NOI Build-Up for 2,332 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
$42.8K $18.36/SF
− Vacancy
−$2.8K −$1.20/SF
EGI
$40.0K $17.16/SF
− OpEx
−$12.0K −$5.15/SF
NOI
$28.0K $12.01/SF
Area
Polk County, OR
Vacancy
6.55%
Lease Rate
$18.36 /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%
$560,160
Cap Rate 7%
$400,114
Cap Rate 9%
$311,200
Alternative Uses
Best Use
Multifamily LT 5
$400.1K
$350.1K – $466.8K
NOI $28,008 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$368.5K
$322.4K – $429.9K
NOI $25,793 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$619.2K
$541.8K – $722.4K
NOI $43,342 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Explore this area
Business Placement
Demographics for 97351, OR
11,292
Population
3,697
Households
3.1
Avg Household Size
34
Median Age
25%
College-Educated
89%
High-School Grad
52.3 sq mi
ZIP Area
216
Density / Sq Mi
$84,717
Median Household Income
$40,990
Median Earnings
$1,592
Median Rent
$357,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex with fenced outdoor areas, flexible living spaces, and separated bedroom accommodations.
Where is this duplex located?
The property is located at 1416 Falcon Loop Independence, OR.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,332‑square‑foot duplex built in 2004; Townhome‑style layout with three upstairs bedrooms; Gas fireplace, eat‑up bar, and dedicated dining area
