1. Oregon
  2. Klamath Falls
  3. 531 N 11th Street
$560,000

531 N 11th Street, Klamath Falls, OR 97601

  • 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 $——/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Turnkey 5-Unit Investment Opportunity! This well-maintained two-building apartment complex offers a consistent rental history and strong net income. Featuring two 2-bed/1-bath units and three 1-bed/1-bath units, each with separate electric meters, this property is ideal for investors seeking reliable cash flow. Recently updated units, upgraded electricial panals, shared coin-operated laundry, and four garage parking spaces. Located just minutes from O.I.T, Sky Lakes Medical Center, and downtown, this property offers excellent access to amenities and employment centers, ensuring steady demand for rentals. Gross profit in 2024 was over $43K. With solid cash flow, A cap rate of 6.5% and great potential for long-term appreciation, this property is a must-see for serious investors! A rare opportunity to own a profitable, low-maintenance multi-family investment! Unit 5: 1 bed, 1 bath, 750 sq.ft, rent is $760.

Listing Status:
Active
Date Added:
July 17, 2025 at 05:00AM
Listing Office:
Windermere Real Estate Kf : 541-885-4400
MLS ID:
220197643
  • 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

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.