Recently Listed Open House 11/7 1pm - 3pm
1054 NE FALOMA RD
Portland, OR, 97211 $ 599,900
Bedrooms3 Baths3.0 Sq 1,653 Monthly Estimate*
$ 4,143
for $599,900 with 3 bedrooms and 3 full baths. This 1,653 square foot home was built in 1935 on a lot size of 0.79.
Unique Duplex Opportunity on .79 Acre in NE Portland! Discover an exceptional blend of modern comfort, investment potential & homestead living with this versatile property offering a 2-bed & 2-bath unit, a 1-bed & 1-bath unit, and a 1-car garage. Featuring two distinct living spaces, this property presents an opportunity for rental income, multigenerational living or owner occupancy with supplemental income. The main residence showcases gleaming Brazilian cherry hardwood floors & a light-filled, open-concept floor plan where the living room flows seamlessly into the kitchen featuring stainless steel appliances, generous counter space & an eating bar. The spacious main-level primary suite offers an oversized walk-in closet & luxurious spa-inspired bath with a soaking tub, six-jet shower & unique arboretum-style room. An additional bedroom & second full bath complete the main residence. The attached second unit features a private exterior entrance, family room, loft bedroom, kitchenette & full bath, offering flexibility for tenants or extended family. A shared laundry room conveniently connects both living spaces. Situated on nearly an acre, the property features an expansive Mahogany deck, greenhouse, abundant gardening space & a growing fruit orchard with plum, peach, apple & pear trees. Additional highlights include a drive-through garage, RV parking pad with hookups, ample room for vehicles, storage & hobbies, plus generous attic storage with potential for future finished space. Enjoy the rare combination of spacious grounds, flexible living arrangements & convenient access to I-5. An outstanding opportunity for investors or owner-occupants seeking a distinctive income-producing property with room to grow! [Home Energy Score = 5. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10252968]
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Open House
11/7/2026 1:00 PM - 3:00 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
FeaturesGeneralSewer PublicSewer
Heating ForcedAir WallHeater
Cooling CentralAir
Roof Composition
Zoning R10
Garage Spaces 1.0
Security Features SecurityLights
Year Built 1935
Stories Count 2
Tax Year 2025
Parcel Number R272892
Gross Income 58200.0
Community Features AllLandscaping CentralAir Laundry
County Multnomah
Net Operating Income 39208.0
Operating Expense 15500.0
Property Type MultiFamily
HOA N
Subdivision Name East Columbia
Rent Includes Electricity Gas Heat Sewer TrashCollection Water
Status Active
Directions Marine Dr to R 13th R to Faloma
High School Jefferson
City Portland
Disclosures Disclosure
Number Of Units Total 2
MLS Area _142
Lot Size Square Feet 34412.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Faubion
Tax Annual Amount 6340.79
Middle/Junior High School Ockley Green
Property Condition UpdatedRemodeled
Virtual Tour https://view.ricoh360.com/9afecd8e-fa5c-4a19-a2af-dcce612d4f4f
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SOUTH SHORE AC LOT 7
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InteriorBasement CrawlSpace Unfinished
Storage Garage
Hot Water Gas Tankless
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 2
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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ExteriorParking Features Driveway RVAccessParking
Lot Features GentleSloping Level Orchard Secluded Trees
Water Source PublicWater
Total Parking 5.0
Exterior Description CementSiding
Foundation Details ConcretePerimeter
Building Area Total 1653.0
Lot Dimensions 150x223
Lot Size Acres 0.79
Road Surface Type Paved
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* Excluded FeaturesList Bymichele@brokermichele.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,143
- Monthly Property Taxes
- $528
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyMulti-family listings in Portland, OR
Average List Price $1,561,776
Percent of Sale Price 160%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1950944 Elementary School
1950460 Middle School
Jefferson High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/6/2026 | $599,900 | | Listed Price |