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Sold on 11/20/2021
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1484 Falcon Loop, Independence, OR 97351

  • $495,000

    Last sold 11/20/2021 after 3 Days

  • —

    bed

  • —

    bath

  • 2,453

    Sqft ($202/Sqft)

Multi-family not for sale
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About 1484 Falcon Loop

Property type Multi-family
Neighborhood
Year built 2004
HOA fee $0/month
Rental estimate
Property description
Well managed duplex with great location near Western Oregon University. 4 bedroom and 2 1/2 baths per unit. Do not disturb tenants. Interior inspection available after written offer. Rents are below market. Current CAP rate of 4.3. Increasing rents to current market would create an estimated CAP rate of 5.3.
Listed by
Listing Agent - Gary Eckdahl
Listing Office - Bella Casa Real Estate Group
Source: RMLS mls logo
MLS#21425077 • last updated 2 years ago
Movoto checked RMLS for data 4 minutes ago
Overview
Heating Forced Air
MLS # 21425077
Type Multi Family
Status Sold
Property Tax 4837.68
Year Built 2004
Exterior
Roof Composition
Exterior Features Vinyl Siding
Amenities / Utilities
Hot Water Gas
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Polk
Area 167 - Polk Co: Except Salem
Middle School Talmadge
Zoning RH
Directions South On 13th, East On F St To Falcon Lp
APN 565332
Multifamily Details
Unit Type 1: # Bedrooms 4
Unit Type 1 : Total Baths 3
Unit Type 2: # Bedrooms 4
Unit Type 2: Total Baths 3
Unit Type 1: Rent 1395
Unit Type 2: Rent 1395
Total # of Units 2
Gross Rent Multiplier 14.9
Operating Expense Scheduled 12000
Net Operating Income 21980
Operating Expense 11500
Gross Scheduled Income 38400
Gross Income 33480
Cap Rate 4.4
Net Scheduled Income 26400
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • Dec 2021
    Public Records
  • Dec 29, 2021 Sold
    $495,000
  • Dec 2021
    mls logo MLS # 21425077
  • Dec 29, 2021 Sold
    $495,000 (-0.8%)
  • Nov 20, 2021 Pending
    —
  • Nov 17, 2021 Listed
    $499,000 (+72.7%)
  • May 2007
    Public Records
  • May 22, 2007 Sold
    $289,000 (+28.4%)
  • Aug 2004
    Public Records
  • Aug 27, 2004 Sold
    $225,000
  • 1484 Falcon Loop
    $495K
  • 167 - Polk Co: Except Salem
    —
  • 97351
    $430K -18% y/y
  • Independence
    $430K -18% y/y
No chart available
Statistics calculated by Movoto

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5/10
Ash Creek Elementary School
public Grades K-5
Central School District 13j
3/10
Talmadge Middle School
public Grades 6-8
Central School District 13j
4/10
Central High School
public Grades 9-12
Central School District 13j
Source: GreatSchools.org © 2026. All rights reserved.

Around 167 - Polk Co: Except Salem

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