531 N 11th Street, Klamath Falls, OR 97601
- $545,000
- List Price
- $545,000
- Status
- ACTIVE
- Days on Market
- 180
- MLS#
- 220217195
- Subtype
- Residential Income
- Style
- Craftsman
- Year Built
- 1930
- Lot Size
- 5,662
- Acres
- 0.13
- Subdivision
- Klamath Falls -Nichols Addition
- Neighborhood
- Klamath Falls -Nichols Addition
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.
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Additional Information
- Interior Features
- Ceiling Fan(s), Laminate Counters, Linen Closet, Shower/Tub Combo
- Taxes
- $3,757
- Property Description
- Craftsman
- Zoning
- A
- Flooring
- Carpet, Other, Tile, Vinyl
- Appliances
- Dishwasher, Disposal, Dryer, Oven, Range, Refrigerator, Range Hood, Washer, Water Heater
- Heating
- Baseboard, Electric, Forced Air, Natural Gas
- Air Conditioning
- None
- Stories
- Two
- Levels
- Two
- Roof
- Composition, Rolled/Hot Mop
- Foundation
- Block, Concrete Perimeter, Slab
- Parking Features
- Attached, Detached, Garage Door Opener, On Street, Shared Driveway
- Elementary School
- Pelican Elem
- Middle School
- Ponderosa Middle
- View
- Neighborhood
Listing courtesy of Windermere Real Estate Kf.
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The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Last updated: