531 N 11th Street, Klamath Falls, OR 97601

Klamath Falls
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
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.

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Home facts

  • Year built:1930
  • Subdivision & Development:Klamath Falls -Nichols Addition
  • Listing ID #:220217195
  • Added:194 day(s) ago
  • Updated:September 27, 2026 at 02:37 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

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