$545,000

531 N 11th Street, Klamath Falls, OR 97601

  • 4,105 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon5,663sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $133/sqft
  • Property List Date Icon Listed 16 days ago

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.

Listing Status:
Active
Date Added:
March 16, 2026
Data Last Updated:
April 2, 2026 at 3:40AM
Listing Office:
Windermere Real Estate Kf : 541-885-4400
MLS ID:
220217195
  • General: Ceiling Fan(s)Laminate CountersLinen ClosetShower/Tub Combo
  • Appliances: DishwasherDisposalDryerOvenRangeRefrigeratorRange HoodWasherWater Heater
  • Basement: FullUnfinished
  • Flooring: CarpetOtherTileVinyl
  • A/C: None
  • Heating: BaseboardElectricForced AirNatural Gas
  • Fireplace: Living RoomWood BurningFireplace
  • Style: Craftsman
  • Parking: AttachedDetachedGarage Door OpenerOn StreetShared Driveway
  • Roofing: CompositionRolled/Hot Mop
  • Windows: Aluminum FramesVinyl Frames
  • General: FrameTwoBlockConcrete PerimeterSlab
  • Road/Access: Shared Access
  • County: Klamath
  • Zoning: 369808
  • View: Neighborhood
  • Water: Public
  • Sewer: Public Sewer
  • Exclusions: Tenant belongings

This listing courtesy of Windermere Real Estate Kf

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Pelican Elementary School

501 McLean St, Klamath Falls, OR, 97601

Grades KG-5

1.69 miles away

P

Ponderosa Middle School

2554 Main St, Klamath Falls, OR, 97601

Grades 6-8

1.12 miles away

K

Klamath Union High School

1300 Monclaire St, Klamath Falls, OR, 97601

Grades 9-12

0.20 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.