$1,500,000

2236 3rd Street, Malin, OR 97632

  • 9,912 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1939
  • Property Lot Size Icon0.72acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $151/sqft
  • Property List Date Icon Listed 6 months ago

Property Description

This investment opportunity offers a great potential for a steady income stream with the majority of units being two bedrooms. The old-style garages can provide additional storage space to attract potential tenants. The owner has already completed some of the needed capital repairs including a partial new roof and rehabilitation of several units. The attractive brick construction and courtyard add to the property's appeal and can help in attracting tenants. The convenient location near parks, shopping, and restaurants can also make this property a beneficial rental option for many individuals. Additionally, the potential for owner financing can make the investment more accessible to interested buyers. Overall, this property presents a promising investment opportunity with potential for growth and a good return on investment. It may be worth considering for those looking to expand their real estate portfolio or generate passive income.

Listing Status:
Active
Date Added:
September 22, 2025
Data Last Updated:
April 4, 2026 at 7:38AM
Listing Office:
Action Realty : 541-884-3367
MLS ID:
220209606
  • General: Shower/Tub Combo
  • Appliances: CooktopOvenRangeRefrigeratorWater Heater
  • Basement: None
  • Flooring: CarpetLaminateSimulated WoodVinyl
  • A/C: None
  • Heating: BaseboardElectric
  • Style: Traditional
  • Parking: DrivewayGravelOn StreetShared Driveway
  • Roofing: Composition
  • General: BrickFrameOneConcrete Perimeter
  • Road/Access: Shared Access
  • County: Klamath
  • Zoning: 124074
  • View: TerritorialNeighborhood
  • Water: Public
  • Sewer: Public Sewer

This listing courtesy of Action Realty

Monthly Payment

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

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Location

Schools Nearby

M

Malin Elementary School

2153 3rd St, Malin, OR, 97632

Grades KG-6

0.08 miles away

L

Lost River Jr. / Sr. High School

23330 Highway 50, Merrill, OR, 97633

Grades 7-12

4.80 miles away

L

Lost River Jr. / Sr. High School

23330 Highway 50, Merrill, OR, 97633

Grades 7-12

4.80 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.