3440 Southwest Falcon Street

Sold 3/22/25

Last Sold Price

$785,000

2,448 sqft$321/sqft

3440 SW Falcon St, Portland, OR 97219

Description

Fabulous Multnomah Village duplex just a block to the heart of the Village! Turn-key and ready to go! The main house features two bedrooms and an open concept floor plan. The kitchen features slab cabinetry, quartz counters and schoolhouse lighting. The bathroom is updated, the bedrooms feature fir flooring and the common areas boast oak hardwoods. Designer colors and an adjacent, picture perfect sunroom/office! The upper unit has a great open layout with second story balcony and a vaulted bedroom...Fabulous Multnomah Village duplex just a block to the heart of the Village! Turn-key and ready to go! The main house features two bedrooms and an open concept floor plan. The kitchen features slab cabinetry, quartz counters and schoolhouse lighting. The bathroom is updated, the bedrooms feature fir flooring and the common areas boast oak hardwoods. Designer colors and an adjacent, picture perfect sunroom/office! The upper unit has a great open layout with second story balcony and a vaulted bedroom with new carpet. In addition to the two units that make up the main house, this property features an outbuilding with its own bathroom, separate bedroom and common area. Additional features include an attached garage, dual pane windows, expansive decking and established grounds. Vintage charm coupled with gorgeous updates and within the past year a new furnace, water heater, dryer and new shower tile make this an investment opportunity where you get to set the new rents for all units, consider multigenerational living! Considering having a place of your own and a profit center too ! An amazing location close to heart of Multnomah Please do not disturb Tenants and all offers to be made contingent on an acceptance by Seller with Buyer walk through and approval.

LISTING CLOSED: 03/22/2025 12:00 AM

Listed by Michael Canton • Metana Realty Services • 360-608-7808

Property Details for 3440 Southwest Falcon Street

Status

Sold

MLS #

672251604

Days on Market

Taxes

$7,629 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Multi Family

Year Built

1913

Lot Size

0.12 AC / 5,227 SF

County

Multnomah County

Parking Features

Garage, On Street

Zoning

View

Territorial, Trees Woods

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Location

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Sold By Realty First

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Building Information for 3440 Southwest Falcon Street

Stories2Residences3Year Built1913Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

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$4,626 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,990

Property Taxes

$636

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 3440 Southwest Falcon Street

Summary

Location and General Information

Country: US
Directions: Sw Multnomah Blvd

Road Surface: Concrete, Paved

School Information

Elementary School: Maplewood
High School: Ida B Wells

Middle Or Junior School: Jackson

Taxes and HOA

Tax Year: 2024
Tax Annual Amount: $7,629.39

Parcel Number: R306335
Tax Legal Description: WILDWOOD, BLOCK 1, LOT 5

Property

Lot Information

Acres: 0.12
Lot Description: Level, Private, Secluded, Trees

Lot Size Square Feet: 5227.0
Lot Size Range: Sq Ft5000to6999
Lot Size: 5,000 to 6,999 Sq Ft

Property and Assessments

Property Type: Multi Family
Water Description: Public Water

Property Condition: Updated Remodeled
Year Built: 1913

Utilities

Fuel Description: Electricity, Gas
Heating Description: Forced Air, Wall Furnace

Hot Water Description: Electricity, Gas
Sewer Description: Public Sewer
Rent Includes: Sewer, Trash Collection, Water

Interior and Exterior Features

Exterior Features

Exterior Description: Other, Wood Siding
Roof Type: Composition

Interior Features

Basement: Crawl Space
Stories: 2

Multi Family

Multi-Family Information

Number Of Units Total: 3
Gross Income Actual: $35,000.00

Gross Income Projected: $72,000.00
Gross Rent Multiplier: $22.85
Investor Information: According To Owner
Net Income Actual: $20,000.00
Net Income Projected: 57000
Operating Expenses Projected: $15,000.00
Operating Expense: $15,000.00
Storage: Attached, Garage
Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
SqFt Approximate Building Total: 2448

Unit 1 Information

Unit Type 1 Baths Total: 2
Unit Type 1 Baths Decimal: 2.00

Unit Type 1 Beds Total: 3
Unit Type 1 Features: Deck, Range, Washer Dryer Hookup, Wood Floors
Unit Type 1 Rent: $2,600
Unit Type 1 SqFt: 1421.0
Unit Type 1 Units Total: 1

Unit 2 Information

Unit Type 2 Baths Total: 1
Unit Type 2 Baths Decimal: 1.00

Unit Type 2 Beds Total: 1
Unit Type 2 Features: Deck, Dishwasher, Range, Wood Floors
Unit Type 2 Rent: $1,800
Unit Type 2 SqFt: 727.0
Unit Type 2 Units Total: 1

Unit 3 Information

Unit Type 3 Baths Total: 1
Unit Type 3 Baths Decimal: 1.00

Unit Type 3 Beds Total: 1
Unit Type 3 Rent: $1,500
Unit Type 3 SqFt: 300.0
Unit Type 3 Units Total: 1

Public Records for 3440 Southwest Falcon Street

Taxable ValueLand-Additions-Total-

Tax Record2024$7,629 ($636 / month)

Home Facts

Baths3Total Finished SqFt1,844 SqFtAbove Grade Finished SqFt1,844 SqFtStories1Lot Size5,235 SqFtStyleMulti-Family Dwelling (2-4)Year Built1992ZoningR5CountyMULTNOMAHAPN1S1E20DB 09800

Schools near 3440 Southwest Falcon Street

This home is within Portland School District 1j.


Rating	School	Type	Grades	Distance
10/10	Maplewood Elementary School	Public - Serves this home	K to 5	0.9 mi
8/10	Jackson Middle School	Public - Serves this home	6 to 8	1.2 mi
8/10	Ida B. Wells-Barnett High School	Public - Serves this home	9 to 12	1.4 mi
9/10	Portland Village School	Charter - Choice school	K to 8	2.5 mi
2/10	Alliance High School	Public - Choice school	9 to 12	5.1 mi
NR	Renaissance Arts Academy	Public - Nearby school	9 to 12	7.2 mi
NR	Child's View Montessori School	Private - Nearby school	PK to 2	1.0 mi
NR	Portland Cooperative School	Private - Nearby school	K to 2	0.9 mi
NR	Portland Jewish Academy	Private - Nearby school	PK to 8	0.9 mi


Rating	School	Distance
10/10	Maplewood Elementary School PublicK to 5 Serves this home	0.9 mi
8/10	Jackson Middle School Public6 to 8 Serves this home	1.2 mi
8/10	Ida B. Wells-Barnett High School Public9 to 12 Serves this home	1.4 mi
9/10	Portland Village School CharterK to 8 Choice school	2.5 mi
2/10	Alliance High School Public9 to 12 Choice school	5.1 mi
NR	Renaissance Arts Academy Public9 to 12 Nearby school	7.2 mi
NR	Child's View Montessori School PrivatePK to 2 Nearby school	1.0 mi
NR	Portland Cooperative School PrivateK to 2 Nearby school	0.9 mi
NR	Portland Jewish Academy PrivatePK to 8 Nearby school	0.9 mi

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.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 3440 Southwest Falcon Street, Portland, OR 97219	$785,000	–	–	2,448	5,227
3440 Southwest Falcon Street, Unit A, Portland, OR 97219	$785,000	–	1	1,844	5,235
3432 Southwest Falcon Street, Portland, OR 97219	–	1	1	600	5,235
3452 Southwest Falcon Street, Portland, OR 97219	$700,000	3	2	2,429	3,920
3422 Southwest Falcon Street, Unit 3424, Portland, OR 97219	$320,000	–	4	1,904	5,000
3433 Southwest Hume Street, Portland, OR 97219	$552,500	2	2	1,672	5,227
3439 Southwest Hume Street, Portland, OR 97219	–	3	2	1,144	5,235
8024 Southwest 35th Avenue, Unit E, Portland, OR 97219	–	–	–	–	8,276
8138 Southwest 35th Avenue, Portland, OR 97219	$470,000	3	2	1,737	3,484
3427 Southwest Hume Street, Portland, OR 97219	$500,000	2	3	3,101	5,235
8101 Southwest 34th Avenue, Portland, OR 97219	$890,000	–	–	–	–
8101 Southwest 34th Avenue, Unit 8113, Portland, OR 97219	$905,000	8	5	2,700	6,500
3512 Southwest Falcon Street, Portland, OR 97219	$481,500	3	1	2,099	5,227
3405 Southwest Hume Street, Portland, OR 97219	$450,000	1	1	1,600	8,276
8125 Southwest 35th Avenue, Portland, OR 97219	$1,320,000	3	2	1,056	6,503
8033 Southwest 35th Avenue, Portland, OR 97219	–	2	3	2,376	8,000

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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: 03/23/2025 06:16 AM

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