Excellent investment opportunity in Independence’s Ash Creek neighborhood. This four-unit townhome-style multifamily property features four 2-bedroom, 2-bath units, each approximately 1,004 square feet, offering investors a well-positioned asset with strong long-term rental potential. The property is conveniently located near downtown Independence, Western Oregon University, shopping, dining, and schools, helping support consistent tenant demand. With generous unit sizes, attached garages, and a desirable location within the growing Independence market, this fourplex presents an attractive opportunity for investors seeking stable income potential and long-term appreciation. Do not disturb tenants
Active
$860,000
1400 Falcon Loop, Independence, OR 97351
8beds
4,019sqft
Multi Family
Built in 2004
-- sqft lot
$845,400 Zestimate®
$214/sqft
$-- HOA
What's special
Attached garagesGenerous unit sizes
- 18 days
- 277
- 25
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Drew Shane 503-747-9478,
Cascade Hasson Sotheby's International Realty
Source: RMLS (OR),MLS#: 317935931
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Zoned
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Basement: None
Interior area
- Total structure area: 4,019
- Total interior livable area: 4,019 sqft
Property
Parking
- Total spaces: 4
- Parking features: Driveway, Garage
- Garage spaces: 4
- Has uncovered spaces: Yes
Features
- Stories: 2
- Has view: Yes
- View description: Seasonal, Trees/Woods
Lot
- Size: 0.25 Acres
- Features: Level, Seasonal, SqFt 10000 to 14999
Details
- Parcel number: 565313
- Zoning: RM
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Lap Siding, Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Existing
- Year built: 2004
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Ash Creek
HOA
- Has HOA: No
Location
- Region: Independence
Financial & listing details
- Price per square foot: $214/sqft
- Annual tax amount: $7,316
- Date on market: 9/4/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 4016
- Road surface type: Paved
Estimated market value
$845,400
$803,000 - $888,000
$1,592/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Listed for sale | $860,000$214/sqft |
Source:  RMLS (OR) #317935931 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97351
Nearby schools
Schools provided by the listing agent
- Elementary: Ash Creek
- Middle: Talmadge
- High: Central
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Similar homes
- $799,9008 bd4 ba3.3k sqft80 Boatlanding St, Independence, OR 97351Active
MLS ID #596451471, Brian Smith, HomeSmart Realty Group. RMLS (OR) - $799,9008 bd4 ba3.3k sqft80-86 Boatlanding St, Independence, OR 97351For Sale
MLS ID #843874, BRIAN SMITH, Homesmart Realty Group. WVMLS - $499,9005 bd3 ba2.3k sqft415-1 2nd St S #11, Independence, OR 97351For Sale
MLS ID #843654, SARAH FIELDS, Keller Williams Realty Mid Willamette. WVMLS - $899,00011 bd6 ba4.4k sqftMonmouth 6 Plex, Monmouth, OR 97361For Sale
MLS ID #841787, ALEX RHOTEN, Coldwell Bnkr/Commercial Div. WVMLS - $899,9908 bd4 ba3.2k sqftPine Villa, Monmouth, OR 97361For SaleMLS ID #826630, CHAD HARRINGTON, Exp Realty, Llc. WVMLS
- $514,9005 bd3 ba2k sqft1268 S 7th St, Independence, OR 97351For SaleMLS ID #844478, JULIE ROGERS, Coldwell Banker Mountain West Real Estate, Inc.. WVMLS
- $799,9008 bd8 ba4.3k sqft1725 Salishan St SE, Salem, OR 97302ActiveMLS ID #677730878, Brian Smith, HomeSmart Realty Group. RMLS (OR)
- $725,0005 bd5 ba2.7k sqft1026 Sassafras St, Independence, OR 97351New ConstructionMLS ID #839644, CHET GRAHAM, Realty First Dallas. WVMLS
- $799,9008 bd6 ba4.3k sqft1725-1731 Salishan St SE, Salem, OR 97302For SaleMLS ID #843873, BRIAN SMITH, Homesmart Realty Group. WVMLS
- $799,0008 bd5 ba3.4k sqft1027-1029 Arthur Way NW, Salem, OR 97304For SaleMLS ID #843378, ANDREA BEYER, Coldwell Banker Mountain West Real Estate, Inc.. WVMLS
- $850,0006 bd5 ba3.5k sqft2367-2371 NW Hummingbird Dr, Corvallis, OR 97330For SaleMLS ID #845314, GARY SMITH, Investment Realty, Inc.. WVMLS
- $745,0009 bd8 ba3.7k sqft905 Charter Pl NE, Salem, OR 97301For SaleMLS ID #844761, DANIEL RAMIREZ, Exp Realty, Llc. WVMLS
- $864,0006 bd4 ba2.9k sqft253/255 NW Douglas St, Dallas, OR 97338New ConstructionMLS ID #844902, JACK BENNETT, Real Estate 55, Inc. WVMLS
- $654,9005 bd4 ba3k sqft5567 Wigeon St SE, Salem, OR 97306For SaleMLS ID #845727, BRIDGET WELBORN, Homesmart Realty Group. WVMLS
- $789,9006 bd6 ba3.9k sqft1207 D St NE, Salem, OR 97301For SaleMLS ID #844274, BENJAMIN NELSON, Epique Realty. WVMLS
- $1,095,00010 bd14 ba4.4k sqft175 NE Fern Ct, Dallas, OR 97338ActiveMLS ID #495658994, Sabrina James, SMI Commercial Real Estate LLC. RMLS (OR)
- $729,9007 bd3 ba3.7k sqft595 Harbourtown Ct SE, Salem, OR 97306For SaleMLS ID #843995, CHUN TRUONG, Homesmart Realty Group. WVMLS
- $895,0005 bd3 ba3.3k sqft965 NW Wild Rose Dr, Corvallis, OR 97330For SaleMLS ID #843875, DALLAS FRANCE, More Realty. WVMLS
- $860,0005 bd3 ba2.4k sqft3441 Oak Grove Dr NW, Albany, OR 97321For SaleMLS ID #841430, JOEL BUMGARNER, Redfin. WVMLS
- $870,0005 bd4 ba3.2k sqft1399 Glory Ridge St NW, Salem, OR 97304For SaleMLS ID #842160, TESS AIELLO, John L. Scott-Salem. WVMLS
