Townhome-Style
For Sale
$475,000
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$203.69
Days on Market214
Property Features for 1416 Falcon Loop
General Information
Standard status
Active
Size
2,332 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
gas fireplace
private fenced backyards
patio
private deck
walk-in closet
en suite bath
vaulted ceilings
laundry
Building Details
Year Built
2004
Listing Agency:
Opt
Listed By:
Christopher Haveman · License #201233569
(503) 799-9170
Source:
Christiesrealestateevg
Added: Mar 18
Changed: Oct 11
Last Checked: Oct 7 at 3:15PM
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
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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 / Yr
$28,008
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
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
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 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 5.90%
Second Best
Apartment 5plus
$368.5K
$322.4K – $429.9K
NOI $25,793 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$619.2K
$541.8K – $722.4K
NOI $43,342 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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 $475,000.
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
