531 11th ST, Klamath Falls, OR 97601
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531 11th ST, Klamath Falls, OR 97601
531 11th ST, Klamath Falls, OR 97601
531 11th ST, Klamath Falls, OR 97601
531 11th ST, Klamath Falls, OR 97601
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531 11th ST Klamath Falls, OR 97601

4,105 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,105 sqft

Price per Sqft $132

Subdivision Klamath Falls -Nichols Addition

MLS Listing ID 220217195

Style Craftsman

Year Built 1930

Annual Tax Amount $3,757

Lot Size 5,662 Sqft

Acres 0.13

Lot Dimensions 0.13

Property Sub-Type Multi Family

Property Description

Turnkey 5-Unit Investment Opportunity! This well-maintained two-building apartment complex offers a consistent rental history and strong net income. The property features two 2-bed/1-bath units and three 1-bed/1-bath units, each with separate electric meters--ideal for investors seeking reliable cash flow. Recent improvements include updated units and upgraded electrical panels, along with a shared coin-operated laundry and four garage parking spaces.

Conveniently located just minutes from Oregon Institute of Technology, Sky Lakes Medical Center, and downtown Klamath Falls, the property provides excellent access to major employment centers and everyday amenities, helping support strong and consistent rental demand.

2025 net income exceeded $42K. With solid cash flow and long-term appreciation potential, this is a rare opportunity to own a profitable, low-maintenance multi-family investment.

Location

State OR

County Klamath

Community Klamath Falls -Nichols Addition

Direction From downtown go north on 11th Street. The property will be on the right. (There is no sign).

Rooms

Basement Full, Unfinished

Interior

Interior Features Ceiling Fan(s), Laminate Counters, Linen Closet, Shower/Tub Combo

Heating Baseboard, Electric, Forced Air, Natural Gas

Cooling None

Fireplaces Type Living Room, Wood Burning

Fireplace Yes

Window Features Aluminum Frames,Vinyl Frames

Exterior

Parking Features Attached, Detached, Garage Door Opener, On Street, Shared Driveway

Roof Type Composition,Rolled/Hot Mop

Building

Lot Description Level

Foundation Block, Concrete Perimeter, Slab

Water Public

Architectural Style Craftsman

Level or Stories Two

Structure Type Frame

New Construction No

Schools

High Schools Klamath Union High School

Others

Senior Community No

Tax ID 369808

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard


Oregon Datashare (MLSCO/SOMLS/KCAR)
Listed by Windermere Real Estate Kf
Corey Hanson

Corey Hanson

Agent | License ID: 201230582

+1(541) 241-9149

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531 11th ST