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1400 Falcon Loop, Independence, OR 97351

$860,000
  • bed

  • bath

  • 4,019

    Sqft ($214/Sqft)

Multi-family for sale 8 hours

About 1400 Falcon Loop

Property type Multi-family
Neighborhood
Year built 2004
HOA fee $0/month
Lot size 0.25 Acre
Movoto estimate
Parking 4 garage spaces
Rental estimate
Property description
Excellent investment opportunity in Independence’s Ash Creek neighborhood. This four-unit townhome-style multifamily property features four 2-bedroom, 2-bath units, each approximately 1,004 square feet, offering investors a well-positioned asset with strong long-term rental potential. The property is conveniently located near downtown Independence, Western Oregon University, shopping, dining, and schools, helping support consistent tenant demand. With generous unit sizes, attached garages, and a desirable location within the growing Independence market, this fourplex presents an attractive opportunity for investors seeking stable income potential and long-term appreciation. Do not disturb tenants
Listed by
Listing Agent - Drew Shane
Listing Office - Cascade Hasson Sotheby's International Realty
Source: RMLS mls logo
MLS#317935931 • last updated 14 hours ago
Movoto checked RMLS for data 5 minutes ago
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Overview
Cooling/AC None
Heating Zoned
MLS # 317935931
Type Multi Family
Status Active
Lot Size (SqFt) 10890
Lot Size (Acres) 0.25
Property Tax 7316.83
Year Built 2004
Exterior
Roof Composition
# Parking Spaces 4
# Garage Spaces 4
Exterior Features LapSiding, VinylSiding
Lot Desc Level, Seasonal
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
View Seasonal, TreesWoods
County Polk
Subdivision Ash Creek
Area 167 - Polk Co: Except Salem
Elementary School Ash Creek
Middle School Talmadge
High School Central
Zoning RM
Directions Monmoth St> S 13th St> FSt> Falcon Loop
APN 565313
Multifamily Details
Unit Type 3: Total Baths 2
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 2
Unit Type 2: # Bedrooms 2
Unit Type 3: # Bedrooms 2
Unit Type 4: Total Baths 2
Unit Type 2: Total Baths 2
Unit Type 4: # Bedrooms 2
Unit Type 1: Rent 1004
Unit Type 4: Rent 1004
Unit Type 3: Rent 1004
Unit Type 2: Rent 1004
Total # of Units 4
Gross Rent Multiplier 12.48
Net Operating Income 46311
Operating Expense 22618
Gross Income 68903
Cap Rate 5.38
Lot/ Land Details
Road Surface Paved
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Source: GreatSchools.org © 2026. All rights reserved.

Around 167 - Polk Co: Except Salem

Explore everything this neighborhood has to offer.
37/100
Walk
92/100
Family
23/100
Dining
69/100
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  • Real Estate
  • OR
  • Polk County
  • Independence
  • 97351
  • 1400 Falcon Loop

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