Townhome-Style Duplex with
For Sale
$500,000
1416 FALCON Loop, Independence, OR 97351
MULTI_FAMILY - Independence, OR
Property Size2,332 SF
Price / SF$214.41
Days on Market136
Property Features for 1416 FALCON Loop
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RH
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1
Elementary school
Ash Creek
Middle school
Talmadge
High school
Central
Directions
From Collins Rd to F St, turn right to Falcon Loop
Subdivision
_167
Standard status
Active
APN
565316
Size
2,332 SF
Taxes and HOA fees
Tax Description
LOT 4
Tax Annual Amount
5434
Legal Description
LOT 4
Utilities
Heating system
Forced Air
Building Details
Year built
2004
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Opt
(503) 799-9170
Listed By:
Christopher Haveman
(503) 799-9170
Added: Mar 17
Changed: Jul 26
Last Checked: Jul 30 at 10:06PM
MLS# 738320959
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 townhome-style duplex offers functional, well-separated layouts designed for comfortable living and rental-friendly flexibility. The main level includes an open living area with a living room off the kitchen, featuring a gas fireplace, an eat-up bar, and a dedicated dining area. A sliding door provides easy indoor-outdoor flow to the patio and yard, supported by a practical half bath and a dedicated laundry area.
Upstairs, each home configuration includes three bedrooms with a primary suite set apart by vaulted ceilings. The primary suite includes an en suite bath, a walk-in closet, and a private deck. A full hallway bathroom serves the remaining bedrooms, reinforcing the separation between living and sleeping spaces.
For tenants and buyers, the combination of indoor-outdoor access, dedicated laundry, and private outdoor areas can support a day-to-day routine that feels more like a single-family layout. The layout’s consistency between living and sleeping areas may also appeal to occupants seeking privacy within a duplex setting. The property is located at 1416 Falcon Loop in Independence, Oregon 97351.
Upstairs, each home configuration includes three bedrooms with a primary suite set apart by vaulted ceilings. The primary suite includes an en suite bath, a walk-in closet, and a private deck. A full hallway bathroom serves the remaining bedrooms, reinforcing the separation between living and sleeping spaces.
For tenants and buyers, the combination of indoor-outdoor access, dedicated laundry, and private outdoor areas can support a day-to-day routine that feels more like a single-family layout. The layout’s consistency between living and sleeping areas may also appeal to occupants seeking privacy within a duplex setting. The property is located at 1416 Falcon Loop in Independence, Oregon 97351.
Key Highlights
- Townhome‑style duplex with open main‑level living and a dedicated dining area
- Gas fireplace in the living area, plus an eat‑up bar connecting to the kitchen
- Main floor includes laundry and a convenient half bath
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.8k | $18.36 |
| − Vacancy | −$2.8k | −$1.20 |
| EGI | $40.0k | $17.16 |
| − OpEx | −$12.0k | −$5.15 |
| NOI | $28.0k | $12.01 |
2,332 SF · lease $18.36/SF/yr · vacancy 6.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$400.1K
$350.1K – $466.8K
NOI $28,008 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$368.5K
$322.4K – $429.9K
NOI $25,793 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$619.2K
$541.8K – $722.4K
NOI $43,342 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
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 - Townhome-style duplex features open living, a gas fireplace, and private fenced backyards with upstairs private decks.
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 $500,000.
What are key features of this property?
This property features: Townhome‑style duplex with open main‑level living and a dedicated dining area; Gas fireplace in the living area, plus an eat‑up bar connecting to the kitchen; Main floor includes laundry and a convenient half bath
