531 N 11th Street, Klamath Falls, OR 97601 | MLS #220217195 | Cascade Hasson Sotheby’s International Realty
 
Listing provided courtesy of Windermere Real Estate KfMLS# 220217195MLS Provider
  • 105 days on site
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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.

Source: Oregon Datashare, MLS#: 220217195

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  • Property Type
    Residential Income
  • Lot
    0.13 acres

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  • Median Age
    41
  • Population Density
    39
  • College Educated
    33%
  • Estimated Median Income
    $45,392
  • Estimated Total Home Owners
    5,687
  • Estimated Total Renters
    4,420
  • Owner / Renter Divide
    56% / 44%
  • Estimated Average Household Size
    2
  • Total Population
    23,020
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

History

Date Event Value Agent
3/16/2026Source: Oregon Datashare Added to Database
March 16, 2026