1928 Erie, Klamath Falls, OR 97601
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
1928 Erie,Klamath Falls, OR 97601
$509,000
- - Beds
- - Baths
- 3,858 sq. ft.
- Multi-family
- Active
Listed by:allison k york
Office:windermere real estate kf
MLS#:220210181
Source:OR_SOMLS
Price summary
- Price:$509,000
- Price per sq. ft.:$131.93
About this home
Excellent investment opportunity in the Hot Springs area of Klamath Falls! This charming six-plex has geothermal heat and features six well-maintained 1-bedroom, 1-bathroom units, each approximately 770 sq. ft. Recent updates give each unit a fresh and inviting feel, with strong rental history and professional property management already in place. Ideally located near Oregon Tech and Sky Lakes Medical Center, making it attractive to consistent tenant demand. Laundry facility on site. Separate power meters. The sale includes the adjacent lot to the south, providing additional parking for tenants. With a solid 7.2% cap rate and an unbeatable central location close to the college and hospital, this is a smart addition to any investment portfolio!
Contact an agent
Home facts
- Year built:1929
- Listing ID #:220210181
- Added:4 day(s) ago
- Updated:October 08, 2025 at 02:44 PM
Rooms and interior
- Living area:3,858 sq. ft.
Heating and cooling
- Heating:Geothermal
Structure and exterior
- Roof:Membrane
- Year built:1929
- Building area:3,858 sq. ft.
- Lot area:0.18 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$509,000
- Price per sq. ft.:$131.93
- Tax amount:$3,173 (2024)
New listings near 1928 Erie
- New
$299,900Active3 beds 2 baths1,428 sq. ft.4445 Southside, Klamath Falls, OR 97603
MLS# 220210303Listed by: FISHER NICHOLSON REALTY, LLC - New
$269,000Active2 beds 1 baths866 sq. ft.1520 Derby, Klamath Falls, OR 97603
MLS# 220210297Listed by: COLDWELL BANKER HOLMAN PREMIER - New
$200,000Active-- beds -- baths1,868 sq. ft.1443 Oregon, Klamath Falls, OR 97601
MLS# 220210290Listed by: INFINITY REAL ESTATE GROUP-KELLER WILLIAMS REALTY SOUTHERN OREGON - New
$449,000Active4 beds 3 baths3,105 sq. ft.328 Grant, Klamath Falls, OR 97601
MLS# 220210291Listed by: WINDERMERE REAL ESTATE KF - New
$450,000Active3 beds 2 baths1,969 sq. ft.22604 Horseshoe, Klamath Falls, OR 97601
MLS# 220210285Listed by: CENTURY 21 SHOWCASE, REALTORS - New
$499,000Active3 beds 2 baths2,002 sq. ft.22929 Horseshoe, Klamath Falls, OR 97601
MLS# 220210281Listed by: CENTURY 21 SHOWCASE, REALTORS - New
$305,000Active3 beds 2 baths1,066 sq. ft.1042 Merryman, Klamath Falls, OR 97603
MLS# 220210261Listed by: LESTER REALTY, INC. - New
$325,000Active3 beds 2 baths1,437 sq. ft.5656 Mickshelly, Klamath Falls, OR 97603
MLS# 220210239Listed by: CENTURY 21 SHOWCASE, REALTORS - New
$359,000Active3 beds 2 baths1,540 sq. ft.5200 Bartlett, Klamath Falls, OR 97603
MLS# 220210233Listed by: FISHER NICHOLSON REALTY, LLC - New
$395,000Active4 beds 3 baths2,207 sq. ft.5099 Cherry Blossom, Klamath Falls, OR 97601
MLS# 220210189Listed by: KELLER WILLIAMS REALTY SOUTHERN OREGON
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.