GREAT OPPORTUNITY to buy a dated 3 plex with low rents, update & fix up units, raise the rents and resell. Each unit has a basement-floor plan included in the pictures. Half acre lot that fronts both Faloma & South Shore zoned R10. Property may have development opportunities-check with the city. Realtor is related to the seller. Easy access to I5, the Portland Airport, Heron Lakes Golf Club, Salty's, shopping and so much more. Address is 934-946 NE Faloma Rd
Sold
$485,000
934 NE Faloma Rd, Portland, OR 97211
5beds
2,822sqft
Multi Family
Built in 1948
-- sqft lot
$474,400 Zestimate®
$172/sqft
$2,585 Estimated rent
Home value
$474,400
$441,000 - $508,000
$2,585/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 15, 2025 at 02:52am
Listed by:
Spring Cutsforth 503-905-2000,
Spring Cutsforth Realty Group
Bought with:
Torri Fosteer, 201249501
eXp Realty LLC
Source: RMLS (OR),MLS#: 145753866
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Mini Split
Appliances
- Included: Dishwasher, Range, Refrigerator, Electric Water Heater
Features
- Flooring: Hardwood
- Basement: Daylight,Exterior Entry,Storage Space
Interior area
- Total structure area: 2,822
- Total interior livable area: 2,822 sqft
Property
Parking
- Parking features: Off Street, RV Access/Parking
Features
- Stories: 2
Lot
- Size: 0.51 Acres
- Dimensions: apro x 230' x 100'
- Features: SqFt 20000 to Acres1
Details
- Parcel number: R272898
- Zoning: R10
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Lap Siding
- Roof: Composition
Condition
- Approximately
- Year built: 1948
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & neighborhood
Location
- Region: Portland
- Subdivision: South Shore
HOA & financial
Other financial information
- Total actual rent: 2550
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2025 | Sold | $485,000-3%$172/sqft |
Source:  RMLS (OR) #145753866 | ||
| 3/7/2025 | Pending sale | $499,900$177/sqft |
Source: RMLS (OR) #145753866 | ||
| 2/27/2025 | Listed for sale | $499,900$177/sqft |
Source: RMLS (OR) #145753866 | ||
Public tax history
Tax history is unavailable.
Neighborhood: East Columbia
Nearby schools
GreatSchools rating
- 6/10Faubion Elementary SchoolGrades: PK-8Distance: 2.1 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
- Middle: 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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Estimated market value
$474,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$474,400