RealtyLens
for saleRealtyLens property overview
$635,000

1054 NE Faloma Rd

Portland, OR, 97211
View more Portland, OR property pages
3Beds
3Baths
1,700Sqft
$374$/sqft

Listing Notes

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.

Market Insights

Above nearby median+34%

$374/sqft vs a nearby median of $280/sqft.

Nearby median$280/sqft
Nearby properties8
Property size1,700 sqft
  • +34% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,700 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$456k$404k$508k · 25% confidence
vs ask $635k+$179k (+28.2%)

Asking price is about 28.2% above where comps + adjustments land — there is room to negotiate.

$262/sqft median across 3 tight comps × 1,700 sqft= $445k
  • Pre-war character+$11k +2.5%
Cumulative NYC adjustments+$11k+2.5%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position+34% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read3 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
0 days
Last price change
No change recorded
Listed
May 12, 2026
Photos
48 photos
Property type
multi family
Status
for sale

Photos

Price History

May 13, 2026Initial record
$635,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.