1400 Falcon Loop

Gallery Image 1
Gallery Image 2
Gallery Image 3
Gallery Image 4
Gallery Image 5
Gallery Image 6
Gallery Image 7
Gallery Image 8
Gallery Image 9
Gallery Image 10
Gallery Image 11
Gallery Image 12
Gallery Image 13
Gallery Image 14
Active
$860,000
4,019 sqft$214/sqft
1400 Falcon Loop, Independence, OR 97351
Est: $4,981/moGet pre-approved
Multi FamilyProperty Type
0.25 acresLot Size
2004Year Built
$214/sq ftPrice per sq ft
4 carsParking Spaces

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...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
Days on Market Listed Today
  • Listed by: Drew Shane • Cascade Hasson Sotheby's International Realty
Last updated: 09/04/2026 02:42 PM • Source: RMLS, MLS#: 317935931

Location

Listing Courtesy of Cascade Hasson Sotheby's International Realty
Add your commute

Payment Calculator

Get preapproved with Rocket Mortgage1

$4,981 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,371

Property Taxes

$610

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1400 Falcon Loop

Property Details
  • Taxes: $7,317 / year
  • MLS Type: Multi Family
  • County: Polk County
  • Subdivision: Ash Creek
  • Parking Features: Driveway, Garage
  • Zoning: RM
  • View: Seasonal, Trees Woods
  • Garage Spaces: 4.00
  • Parking Total: 4.00
Building Information
  • Stories: 2
  • Residences: 4
  • Year Built: 2004
  • Lot Size: 0.25 AC / 10,890 SF
Summary
Location and General Information
  • Country: US
  • Directions: Monmoth St> S 13th St> FSt> Falcon Loop
  • Road Surface: Paved
School Information
  • Elementary School: Ash Creek
  • High School: Central
  • Middle Or Junior School: Talmadge
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $7,316.83
  • Parcel Number: 565313
  • Tax Legal Description: LOT 1
Property
Lot Information
  • Acres: 0.25
  • Lot Description: Level, Seasonal
  • Lot Size Square Feet: 10890.0
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 2004
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Zoned
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Electricity, Maintenance Grounds, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding, Vinyl Siding
  • Roof Type: Composition
Interior Features
  • Basement: None
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $68,903.00
  • Gross Rent Multiplier: $12.48
  • Investor Information: According To Accountant, Annual Property Operation Data, Leases, Profit Loss Statement
  • Net Income Actual: $46,311.00
  • Operating Expense: $22,618.00
  • Storage: Garage
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • SqFt Approximate Building Total: 4019
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 2.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Rent: $1,004
  • Unit Type 1 SqFt: 1348.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Baths Decimal: 2.00
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Rent: $1,004
  • Unit Type 2 SqFt: 1348.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 2
  • Unit Type 3 Baths Decimal: 2.00
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Rent: $1,004
  • Unit Type 3 SqFt: 1348.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 2
  • Unit Type 4 Baths Decimal: 2.00
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Rent: $1,004
  • Unit Type 4 SqFt: 1348
  • Unit Type 4 UnitsTotal: 1

Property History for 1400 Falcon Loop

DateEvent & SourcePriceAppreciation
Apr 28, 2014

Sold (Public Record)

Public Record #414002041

$329,000—
Apr 28, 2014

Sold (Public Record)

Public Record #414364637

$329,000

+10.1% / yr

Nov 8, 2004

Sold (Public Record)

Public Record #323328996

$131,962—
DateEvent & SourcePrice
04/28/2014

Sold (Public Record)

Public Record #414002041

$329,000
04/28/2014

Sold (Public Record)

Public Record #414364637

$329,000

+10.1% / yr

11/08/2004

Sold (Public Record)

Public Record #323328996

$131,962

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1400 Falcon Loop

Taxable ValueLand$57,850Additions$355,080Total$412,930
Tax Record2025$7,317 ($610 / month)
Home Facts
Baths8Total Finished SqFt4,019 SqFtAbove Grade Finished SqFt4,019 SqFtLot Size10,935 SqFtStyleQuadraplexYear Built2004Year Renovated2004ZoningRHCountyPOLKAPN565313

Schools near 1400 Falcon Loop

This home is within Central School District 13j.
Rating
School
Type
Grades
Distance
Ash Creek Elementary School
Public - K to 5
Talmadge Middle School
Public - 6 to 8
Central High School
Public - 9 to 12
Rating
School
Distance
Ash Creek Elementary School
PublicK to 5

Talmadge Middle School
Public6 to 8

Central High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 97351

$119,950 | 0 North Walnut Street, Independence, OR 97351
1/5
New

$119,950

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.16
Acres

0 North Walnut Street, Independence, OR 97351

$329,000 | 221 Walnut Street, Independence, OR 97351
1/32
Virtual Tour

$329,000

2
Bedrooms
970
Square Feet
0.15
Acres

221 Walnut Street, Independence, OR 97351

a view of a house with a yard
1/19

$799,900

Unavailable
Bedrooms
Unavailable
Bathrooms
338
Square Feet
0.2
Acres

80 Boatlanding Street, Independence, OR 97351

$435,000 | 1363 Jefferson Street, Independence, OR 97351
1/34

$435,000

3
Bedrooms
1,574
Square Feet
0.14
Acres

1363 Jefferson Street, Independence, OR 97351

$300,000 | 482 South 4th Street, Independence, OR 97351
1/30

$300,000

2
Bedrooms
890
Square Feet
0.12
Acres

482 South 4th Street, Independence, OR 97351

$2,800,000 | South Pacific Highway West, Unit 1100, Independence, OR 97351
1/22
Virtual Tour

$2,800,000

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
60.83
Acres

South Pacific Highway West, Unit 1100, Independence, OR 97351

Explore Nearby Homes

More information about 1400 Falcon Loop, Independence, OR 97351

1400 Falcon Loop is a multi-family home for sale in Independence, OR 97351. This listing's school district is Central School District 13j. Nearby schools include Ash Creek Elementary School, Talmadge Middle School and Central High School. 1400 Falcon Loop is a 0-bed, 0-bath, 4,019 sqft multi-family home built in 2004.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cascade Hasson Sotheby's International Realty

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 09/04/2026 02:42 PM