This home's estimate is 5.6% higher than the average sale price ($595K) of 6 comparable homes.
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- Sale & tax history
- Property details
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1484 Falcon Loop, Independence, OR 97351
About this home
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.

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Market trends in 97351, OR
Last updated August 2026
Buyer's Market
Seller's Market
Balanced market
- 3D WALKTHROUGH$329,0002 beds1 bath970 sq ft221 Walnut St, Independence, OR 97351Jennifer Reynolds • HomeSmart Realty Group
- 3D WALKTHROUGH
- $799,9008 beds4 baths338 sq ft80 Boatlanding St, Independence, OR 97351Brian Smith • HomeSmart Realty Group
- 3D WALKTHROUGH$465,0003 beds3 baths1,832 sq ft1653 S 6th St, Independence, OR 97351Alma Ceja • Berkshire Hathaway HomeServices Real Estate Professionals
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Provided by Redfin
Sale history for 1484 Falcon Loop
$202/sq ft
$203/sq ft
$100/sq ft
$100/sq ft
$102/sq ft
$118/sq ft
$92/sq ft
Tax history for 1484 Falcon Loop
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Parking Features: Garage
Interior
- Appliances
- Hot Water Description: Gas
- Interior Features
- Storage: Garage(s)
- Basement: Crawl Space
- Multi Unit Information
- # Of Units Total: 2
- Unit Information
- Unit Type: 1, 2
- Unit Type 1 Information
- Actual Rent: $1,395
- Area: 1,226
- Baths Total: 3
- Beds Total: 4
- Features: Dishwasher, Fireplace, Range, Refrigerator
- Units Total: 1
- Unit Type 2 Information
- Actual Rent: $1,395
- Area: 1,226
- BathsTotal: 3
- Beds Total: 4
- Features: Dishwasher, Fireplace, Range, Refrigerator
- Units Total: 1
Exterior
- Exterior Features
- Roof: Composition
- Exterior Description: Vinyl Siding
- Lot Information
- Lot Size Range: 5,000 to 6,999 SqFt
- Lot Size: 5,000 to 6,999 SqFt
- Parcel Number: 565332
- Road Surface Type: Paved
- Property Information
- Property Type: Multi Family
- Property Attached YN: No
- Property Condition: Existing
- View YN: No
- Building Information
- Year Built: 2004
- Building Area Total: 2,453
Financial
- Tax Information
- Tax Year: 2020
- Tax Legal Description: ASH CREEK LOT 20
- Tax Annual Amount: $4,837.68
- Lease / Rent Information
- CAP Rate: 4.4
- Gross Rent Multiplier: 14.9
Utilities
- Utility Information
- Green Certification YN: No
- Fuel Description: Gas
- Water Source: Public Water
- Sewer: Public Sewer
- Heating & Cooling
- Heating YN: Yes
- Heating: Forced Air
- Cooling YN: No
Location
- School Information
- Middle Or Junior School: Talmadge
- Location Information
- Directions: South on 13th, East on F St to Falcon Lp
- Unparsed Address: 1484 Falcon LOOP, Independence, OR 97351
- Community Information
- Zoning: RH
Public facts
- Beds: 8
- Baths: 5.0
- Sq. Ft.: 2,453
- Stories: —
- Lot Size: 6,801 square feet
- Style: Multi-Family (2-4 Unit)
- Year Built: 2004
- Year Renovated: 2004
- County: Polk County
- APN: 565332
Other
- Listing Information
- MlsStatus: Sold
- Listing Price Information
- Price Type: List Price
Around this home
Schools
Public K-5 • Assigned • 1.0mi
Public 6-8 • Assigned • 0.5mi
Public 9-12 • Assigned • 0.3mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
0.15% chance of being in a wildfire in next 30 years
7 days above 92° expected this year, 14 days in 30 years
Minimal risk of severe winds over next 30 years
11 unhealthy days expected this year, 11 days in 30 years
Sun exposure
In this area, properties receive around 9.7 hours in June and 2.1 hours in December, placing it below the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 97351
Home values near 1484 Falcon Loop
| Address | Redfin Estimate |
|---|---|
6 Beds | 5 Baths | 2332 Sq. Ft. | $541,440 |
6 Beds | 4 Baths | 2486 Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
6 Beds | 5 Baths | 2486 Sq. Ft. | $585,045 |
6 Beds | 5 Baths | 2327 Sq. Ft. | $568,839 |
| Address | Redfin Estimate |
|---|---|
8 Beds | 5 Baths | 2453 Sq. Ft. | $590,856 |
6 Beds | 5 Baths | 2390 Sq. Ft. | $565,359 |
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