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
$485,000 Zestimate®
$172/sqft
$-- HOA
What's special
Zillow last checked: 7 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
Services availability

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Estimated market value
$485,000