1. Oregon
  2. Klamath Falls
  3. 917 E Main Street
$899,000

917 E Main Street, Klamath Falls, OR 97601

  • 12,742 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.4acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $71/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

Investment opportunity with strong income potential! This is a rare chance to acquire a versatile mixed-use property with significant room for increased returns. Situated on a 17,424 square foot lot, the building offers 12,742 square feet of commercial and residential space, currently configured with four ground-level commercial units and eight residential apartments on the second floor. Ample on-site parking. Currently, seven residential units and one commercial space are leased, generating $126,408 in annual income. With minimal effort to lease the remaining vacancies, this figure could rise substantially. The property is operating at a 4.35% cap rate, with a pro forma projection of 8.96% at full occupancy. While some clean-up and cosmetic updates are needed in the commercial units, there's also potential for a full residential conversion - offering an even higher return (buyers to perform their own due diligence). Commercial units available for lease: $0.50/square foot NNN lease.

Listing Status:
Active
Date Added:
April 23, 2025 at 05:00AM
Listing Office:
Windermere Van Vleet & Assoc2 : 541-779-6520
MLS ID:
220200192
  • Flooring: ConcreteCarpetVinyl
  • A/C: Evaporative CoolingDuctless
  • Heating: Ductless

This listing courtesy of Windermere Van Vleet & Assoc2

Monthly Payment

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

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Location

Schools Nearby

M

Mills Elementary School

520 E Main St, Klamath Falls, OR, 97601

Grades KG-5

0.26 miles away

P

Ponderosa Middle School

2554 Main St, Klamath Falls, OR, 97601

Grades 6-8

0.54 miles away

K

Klamath Learning Center

2856 Eberlein Ave, Klamath Falls, OR, 97603

Grades KG-12

0.65 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.