1054 NE FALOMA RD Portland, OR $ 635,000
1054 NE FALOMA RD
$ 635,000
Recently Listed
Open House 5/16 10am - 2pm
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1054 NE FALOMA RD

Portland, OR, 97211
$ 635,000
Bedrooms3 Baths3.0 Sq 1,700

Monthly Estimate*

$ 3,910

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Multi-Family Home for sale in Portland, OR

for $635,000 with 3 bedrooms and 3 full baths. This 1,700 square foot home was built in 1935 on a lot size of 0.79.

Portland Cool Meets Modern Tudor: The High-Yield Urban Homestead. Ditch the cookie-cutter. This is a character-filled, three-income sanctuary on nearly an acre of PNW freedom. No HOA, high-end vibes, and heavy-hitting metrics: 6.174% CAP | 13.9 IRR. Unit 1: The Designer Flat Boutique 1BR/1BA. Private kitchenette, living space, and show-stopping imported stairs leading to a massive private deck. Unit 2: The Modern Sanctuary High-volume 2BR/2BA. Soaring vaulted ceilings, full kitchen, and Brazilian cherry floors. The primary suite is a "glass house" sanctuary with 17 windows and a spa-grade Bluetooth shower. Unit 3: The Passive Income Engine Dedicated RV space with full hookups and parking. Currently occupied by a reliable, long-term renter at $800/month. The Homestead & Land-The Grounds: Nearly an acre of potential. Greenhouse, plenty of room to grow your own vegetable garden, and a fresh orchard (plum, peach, apple, pear). The Freedom: Shared laundry, drive-through garage, and room for chickens or goats. The Location-Secluded oasis meets city-connected convenience. Minutes to I-5, Marine Drive, and PDX.3 Units-almost 1 Acre-Total Freedom.

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Open House

5/16/2026 10:00 AM - 2:00 PM
5/17/2026 12:00 PM - 4:00 PM
1054 NE FALOMA RD Portland, OR
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 635,000

Bedrooms

3

Full Bath

3

Property Type

Multi-Family

Taxes

$ 6,340

Style

Lot Size

0.79

Year Built

1935

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

165466611

Features
General
Sewer PublicSewer
Heating ForcedAir
Roof Composition
Zoning multi
Garage Spaces 1.0
Security Features SecurityLights
Year Built 1935
Stories Count 1
Parcel Number R272892
Gross Income 58200.0
Community Features CentralAir Laundry
County Multnomah
Net Operating Income 39208.0
Operating Expense 15500.0
Property Type MultiFamily
HOA N
Subdivision Name BRIDGETON
Rent Includes Electricity Gas Sewer
Status Active
Directions Gertz Rd No. on 6th right on Faloma Rd to Property
High School Jefferson
City Portland
Disclosures Disclosure
Number Of Units Total 3
MLS Area _142
Lot Size Square Feet 34412.0
Listing Terms Cash Contract Conventional FHA VALoan
Elementary School Faubion
Tax Annual Amount 6340.79
Middle/Junior High School Other
Property Condition Converted
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SOUTH SHORE AC LOT 7
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Exterior
Parking Features Driveway RVAccessParking
Lot Features Level Private Secluded Trees
Water Source PublicWater
Total Parking 1.0
Exterior Description CementSiding
Building Area Total 1700.0
Lot Dimensions 150x223
Lot Size Acres 0.79
Road Surface Type Gravel Paved
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Interior
Hot Water Tankless
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 2
Unit 2 Beds Total 2
Unit 3 Baths Total 0
Unit 3 Beds Total 0
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3
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Internal Only
Street Number 1 1054
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* Excluded Features
List By
Exp Realty, Llc

Broker

360-521-6000

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Affordability Calculator

$4,438
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,910
Monthly Property Taxes
$528
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1950944 Elementary School
1950332 Middle School
Jefferson High School High School
Pricing History
DatePricePrice ChangeDescription
5/13/2026$635,000 Listed Price

Map


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1054 NE FALOMA RD, Portland, OR, 97211 is a Multi-Family Home for sale at $635,000 with 1,700 sqft and a lot size of 0.79. 1054 NE FALOMA RD has 3 bedrooms, 3.0 baths, and was built in 1935. The property's zip code is 97211 which is in Portland, OR