Townhome-Style
For Sale
$500,000
1416 FALCON Loop, Independence, OR 97351
MULTI_FAMILY - Independence, OR
Property Size2,332 SF
Price / SF$214.41
Days on Market157
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
Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 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
Amenities
fenced backyards
gas fireplace
patio
yard
private deck
vaulted ceilings
walk-in closet
en suite bath
laundry
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: Aug 19
Last Checked: Aug 20 at 4:06AM
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 contains 2,332 square feet and was built in 2004. The layouts place the living room beside the kitchen, with a gas fireplace, eat-up bar, dedicated dining area, and sliding-door access to a patio and fenced backyard. Laundry and a half bath are located on the main level, while the upper level includes three bedrooms, a primary suite with vaulted ceilings, an en suite bathroom and walk-in closet, a private deck, and a full hallway bathroom.
The property is located at 1416 Falcon Loop in Independence, Oregon, and carries RH zoning. Forced-air heating and a composition roof serve the building. The floor plans separate common areas from the bedrooms and include multiple outdoor spaces connected to the residences.
The property is located at 1416 Falcon Loop in Independence, Oregon, and carries RH zoning. Forced-air heating and a composition roof serve the building. The floor plans separate common areas from the bedrooms and include multiple outdoor spaces connected to the residences.
Key Highlights
- Townhome‑style duplex with 2,332 square feet
- Private fenced backyards, patios, and an upper‑level private deck
- Three‑bedroom upper‑level layout with primary suite and en suite bathroom
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
5.60%
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 5.60%
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
Location Intelligence
Trade Area within ½ mile
245
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 feature private fenced backyards, outdoor patios, and clear separation between living and sleeping areas.
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 2,332 square feet; Private fenced backyards, patios, and an upper‑level private deck; Three‑bedroom upper‑level layout with primary suite and en suite bathroom
