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.
Active
Price cut: $14.9K (5/12)
$635,000
1054 NE Faloma Rd, Portland, OR 97211
3beds
1,700sqft
:
Get pre-qualified$4,758/mo
Multi Family
Built in 1935
-- sqft lot
$-- Zestimate®
$374/sqft
$-- HOA
What's special
Drive-through garageSpa-grade bluetooth showerPrivate kitchenetteFull kitchenMassive private deckSoaring vaulted ceilingsBrazilian cherry floors
- 129 days |
- 927 |
- 82 |
Zillow last checked:
Listing updated:
Listed by:
Nycole Peraza-LaFave 360-521-6000,
eXp Realty, LLC,
Mason Becker 503-983-1743,
eXp Realty, LLC
Source: RMLS (OR),MLS#: 165466611
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Cooling
- Air Conditioning
Appliances
- Included: Refrigerator, Washer/Dryer, Dishwasher, Tankless Water Heater
- Laundry: Common Area
Features
- Storage
Interior area
- Total structure area: 1,700
- Total interior livable area: 1,700 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Driveway, RV Access/Parking
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 1
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 0.79 Acres
- Dimensions: 150 x 223
- Features: Level, Private, Secluded, Trees, SqFt 20000 to Acres1
Details
- Parcel number: R272892
- Zoning: multi
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement Siding
- Roof: Composition
Condition
- Converted
- Year built: 1935
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Community
- Features: Central Air, Laundry
- Security: Security Lights
- Subdivision: Bridgeton
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $374/sqft
- Tax assessed value: $460,060
- Annual tax amount: $6,340
- Date on market: 3/26/2026
- Listing terms: Cash,Contract,Conventional,FHA,VA Loan
- Total actual rent: 4850
- Road surface type: Gravel, Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/12/2026 | Price change | $635,000-2.3%$374/sqft |
Source:  RMLS (OR) #165466611 Report a problem | ||
| 4/17/2026 | Price change | $649,9000%$382/sqft |
Source: RMLS (OR) #387563362 Report a problem | ||
| 3/27/2026 | Listed for sale | $650,000+64.6%$382/sqft |
Source: RMLS (OR) #387563362 Report a problem | ||
| 9/29/2017 | Sold | $395,000+2.6%$232/sqft |
Source: RMLS (OR) #17032820 Report a problem | ||
| 8/11/2017 | Pending sale | $385,000$226/sqft |
Source: Farrell And Associates #17032820 Report a problem | ||
| 8/1/2017 | Listed for sale | $385,000$226/sqft |
Source: Farrell And Associates #17032820 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,341 +3.8% | $211,040 +3% |
| 2024 | $6,107 +4.1% | $204,900 +3% |
| 2023 | $5,865 +2.6% | $198,940 +3% |
| 2022 | $5,717 +2% | $193,150 +3% |
| 2021 | $5,608 +8.6% | $187,530 +3% |
| 2020 | $5,162 +3.9% | $182,070 +3% |
| 2019 | $4,970 | $176,770 +3% |
| 2018 | $4,970 +3.7% | $171,630 +3% |
| 2017 | $4,793 +16.9% | $166,640 +3% |
| 2016 | $4,100 | $161,790 +3% |
| 2015 | $4,100 +24.9% | $157,080 +3% |
| 2014 | $3,283 +40.5% | $152,510 +11.1% |
| 2013 | $2,336 +9.8% | $137,300 +3% |
| 2012 | $2,127 -5.4% | $133,310 +0.7% |
| 2011 | $2,249 -2.5% | $132,440 +3% |
| 2010 | $2,307 +1.6% | $128,590 +3% |
| 2009 | $2,271 -2.9% | $124,850 +3% |
| 2008 | $2,338 +1.1% | $121,220 +3% |
| 2007 | $2,313 +15.5% | $117,690 +3% |
| 2006 | $2,003 +3.7% | $114,270 +3% |
| 2005 | $1,931 -8.1% | $110,950 +3% |
| 2004 | $2,100 +17.3% | $107,720 +3% |
| 2003 | $1,791 +8.3% | $104,590 +3% |
| 2002 | $1,653 +6.2% | $101,550 +2% |
| 2000 | $1,557 | $99,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: East Columbia
Nearby schools
GreatSchools rating
- 6/10Faubion Elementary SchoolGrades: PK-8Distance: 2 mi
- 5/10Jefferson High SchoolGrades: 9-12Distance: 2.6 mi
- 2/10Roosevelt High SchoolGrades: 9-12Distance: 4.1 mi
Schools provided by the listing agent
- Elementary: Faubion
- High: Jefferson
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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