531 N 11th Street, Klamath Falls, OR 97601

Klamath Falls
Local realty services provided by:Duke Warner Realty ERA Powered
531 N 11th Street,Klamath Falls, OR 97601
$545,000
  • - Beds
  • - Baths
  • 4,105 sq. ft.
  • Multi-family
  • Active
Listed by: jody carter
Office: windermere real estate kf
MLS#:220217195
Source:OR_SOMLS

Price summary

  • Price:$545,000
  • Price per sq. ft.:$132.76

About this home

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1930
  • Subdivision & Development:Klamath Falls -Nichols Addition
  • Listing ID #:220217195
  • Added:197 day(s) ago
  • Updated:September 30, 2026 at 03:21 PM

Rooms and interior

  • Flooring:Carpet, Tile, Vinyl
  • Bathrooms Description:Shower/Tub Combo
  • Kitchen Description:Dishwasher, Oven, Range, Range Hood, Refrigerator
  • Basement Description:Full, Unfinished
  • Living area:4,105 sq. ft.

Heating and cooling

  • Heating:Baseboard, Electric, Forced Air, Natural Gas

Structure and exterior

  • Roof:Composition, Rolled/Hot Mop
  • Year built:1930
  • Building area:4,105 sq. ft.
  • Lot area:0.13 Acres
  • Lot Features:Level
  • Architectural Style:Craftsman
  • Construction Materials:Frame
  • Foundation Description:Block, Concrete Perimeter, Slab
  • Levels:2 Story

Schools

  • High school:Klamath Union High School
  • Middle school:Ponderosa Middle
  • Elementary school:Pelican Elem

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$545,000
  • Price per sq. ft.:$132.76
  • Tax amount:$3,758 (2025)

Features and amenities

  • Appliances:Dishwasher, Oven, Range, Range Hood, Refrigerator, Washer, Water Heater

Parking

  • Parking description:Attached, Detached, Garage Door Opener, On Street, Shared Driveway

New listings near 531 N 11th Street