Townhome-Style Duplex with Fenced
New
For Sale
$475,000
1416 Falcon Loop, Independence, OR 97351
Two-level layouts combine separated sleeping areas with private outdoor space and practical main-floor living amenities.
Property Size2,332 SF
Price / SF$203.69
Days on Market3
Property Features for 1416 Falcon Loop
General Information
Standard status
Active
Size
2,332 SF
Property subtype
Multi-Family
Building Details
Year Built
2004
Listing Agency:
Opt
(503) 799-9170
Listed By:
Christopher Haveman · License #201233569
Source:
Christiesrealestateevg
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 7:06PM
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 townhome-style duplex was built in 2004 and contains 2,332 square feet. The residences feature open main-level living areas organized around kitchens with gas fireplaces, eat-up bars, and separate dining spaces. Sliding doors connect the interiors to patios and private fenced backyards. Laundry facilities and half baths are located on the main level.
Each layout places all three bedrooms upstairs, creating clear separation from the primary living areas. The primary suite includes vaulted ceilings, an en suite bathroom, a walk-in closet, and access to a private deck. A full hallway bathroom serves the remaining bedrooms. The property is located at 1416 Falcon Loop in Independence, Oregon.
Each layout places all three bedrooms upstairs, creating clear separation from the primary living areas. The primary suite includes vaulted ceilings, an en suite bathroom, a walk-in closet, and access to a private deck. A full hallway bathroom serves the remaining bedrooms. The property is located at 1416 Falcon Loop in Independence, Oregon.
Key Highlights
- Townhome‑style duplex built in 2004
- 2,332 square feet
- Private fenced backyards with patios and sliding‑door access
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
5.90%
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 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.
Property Analytics
Property Profile
Current Use
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level layouts combine separated sleeping areas with private outdoor space and practical main-floor living amenities.
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: Townhome‑style duplex built in 2004; 2,332 square feet; Private fenced backyards with patios and sliding‑door access
