Duplex, fully rented on .6 of an acre. Lots of upside to this property. Adjacent .9 acre property also available, great to buy and hold or build new homes. Zoned R-10, single family, check with City of Portland & Multnomah County.
Multi-familyProperty Type
1952Year Built
$276Est. Price/Sq.Ft.
4 spacesParking
Listed by Emilio Fontana• Premiere Property Group, LLC
Bought with Emilio Fontana• Premiere Property Group, LLC
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
4
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
0.6 Acres
Year renovated
1952
Sq. Ft.
1,586
Year built
1952
Style
Multi-Family (2-4 Unit)
County
Multnomah County
APN
R272905
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
R10
X
Z
H
Residential 10,000 Zone
The single-dwelling zones are intended to preserve land for housing and to provide housing opportunities for individual households. The zones implement the comprehensive plan policies and designations for single-dwelling housing and provide options for infill housing that is compatible with the scale of the single-dwelling neighborhood.
Zone overlays
Portland International Airport Noise Impact Overlay Zone
Constrained Sites Overlay Zone
Aircraft Landing Zone
Permitted uses
Include but are not limited to:
Housing
Property details
Parking
Parking Information
Parking Features: Open
Parking Total: 4
Interior
Appliances
Hot Water Description: Electricity
Interior Features
Basement: Crawl Space
Multi Unit Information
# Of Units Total: 2
Unit Information
Unit Type: 1, 2
Unit Type 1 Information
Actual Rent: $600
Area: 793
Baths Total: 1
Beds Total: 2
Features: Range, Refrigerator
Units Total: 1
Unit Type 2 Information
Actual Rent: $600
Area: 793
BathsTotal: 1
Beds Total: 2
Features: Range, Refrigerator
Units Total: 1
Exterior
Exterior Features
Roof: Composition
Exterior Description: Lap Siding, Wood Siding
Lot Information
Lot Size Range: 20,000 SqFt to .99 Acres
Lot Size: 20,000 SqFt to .99 Acres
Lot Features: Private, Trees
Parcel Number: R272905
Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: Approximately
View YN: Yes
View Description: Trees/Woods
Building Information
Year Built: 1952
Building Area Total: 1,586
Financial
Tax Information
Tax Legal Description: SOUTH SHORE AC, LOT 16 EXC WLY 110' OF NLY 150'
Tax Annual Amount: $1,894.39
Lease / Rent Information
Gross Rent Multiplier: 12.85
Utilities
Utility Information
Green Certification YN: No
Fuel Description: Electricity
Water Source: Public Water
Sewer: Public Sewer
Heating & Cooling
Heating YN: Yes
Heating: Zoned
Cooling YN: No
Location
Location Information
Directions: Marine Drive to 6th to immediate left on Faloma
Unparsed Address: 740 NE FALOMA RD, Portland, OR 97211
Community Information
Zoning: SFR
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 1,586
Stories: 1.0
Lot Size: 0.6 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1952
Year Renovated: 1952
County: Multnomah County
APN: R272905
Home facts updated by county records on Jul 15, 2026
Other
Listing Information
MlsStatus: Sold
Listing Price Information
Price Type: List Price
Around this home
Schools
Faubion Elementary School
Public PreK-8 • Assigned • 2.2mi
6/10
Jefferson High School
Public 9-12 • Assigned • 2.6mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
19 unhealthy days expected this year, 20 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97211
Average low and high temperatures (°F)
47
36
50
38
57
44
65
46
70
51
76
55
81
59
81
62
76
58
63
49
53
44
51
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.7 hours in
June and 2 hours in December, placing it below the
U.S. average for solar exposure.
9.7 hrs
2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$416,000 – $504,000
Reach more buyers when you sell with Redfin. Save up to $4,376 in fees.3 minutes to get started.
Get a free, detailed breakdown of how we calculated your estimate.