Courtesy: Coldwell Banker Holman Premier
541-884-1343
Duplex located off 4th street on Jefferson short distance to downtown. This building built in 1965 a total of 1922 sf of 961 sq ft per unite. Each offers 2 bedroom 1 bath apartment each has own garage with common area for personal washer Dryer. Unit)t 328 was recently updated.
Courtesy: Fisher Nicholson Realty, LLC
541-884-1717
Duplex with 3 bedrooms in each unit in nice condition has one side vacant purposely for ease of viewing. Unit 119 has new flooring in kitchen, newer refrigerator, window coverings and toilet. Washer dryer hook ups. Rent is $1275 and has a 1 year lease. It is managed by First Choice. Unit 121 has new paint, carpet and luxury vinyl plank flooring in kitchen and front room, new window coverings. Washer dryer hook ups. It is vacant. Roof is less than 2 years old and exterior paint is approximately 1 year old. Owner pays first $50/month of water and sewer and tenants split the residual. Tenants pay own electric.
Courtesy: eXp Realty LLC.
888-814-9613
Great investment opportunity! This two-level triplex with a separate built ADU offers strong rental income potential. The upper unit at 42 Pine Street features 2 bedrooms and 1 bath, while the lower unit at 120 Ewauna has 2 bedrooms, 1 bath, and was recently refreshed with new flooring, counters, sink, and a gas fireplace. The detached ADU at 124 Ewauna is a 1-bedroom, 1-bath unit with access to a common laundry area. Both 2-bedroom units include kitchen, dining, and living rooms with durable laminate and vinyl flooring. Low-maintenance yard and shared common spaces add to tenant appeal. Upper unit is ready for your updates and vision. All units are currently occupied--please do not disturb tenants. Property sold as-is.
Courtesy: Keller Williams Realty Central Oregon
541-585-3760
Great opportunity to acquire a turnkey Klamath Falls residential duplex as an excellent investment for someone looking to secure an income-generating asset with potential for growth. Long term rental history with great tenants in place. Klamath Falls is a strong rental market with low vacancies and increasing rents suggest stable and potentially lucrative rental market. Conveniently located close to downtown shopping, restaurants, and major employers including Oregon Institute of Technology (OIT), Sky Lakes Hospital, and Kinsley Field. *Listing agent is related to seller
Courtesy: Windermere Real Estate Kf
541-885-4400
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.
Courtesy: Century 21 Showcase, Realtors
541-882-2121
Great opportunity to own a well-maintained investment property in the sought-after Moyina Heights subdivision with beautiful views of the city and Mt. Shasta. The upstairs unit features 2 bedrooms and 1.5 bathrooms, and the downstairs unit offers 1 bedroom and 1 bathroom. Both units are currently rented, providing immediate rental income. The property has been nicely updated with cabinetry, fresh paint, patio improvements, fencing, and other upgrades. Pride of ownership shows throughout, and it's a property you truly need to see to appreciate. Perfect for investors looking to add to their portfolio or for buyers interested in multi-family living with built-in income potential. Opportunities like this don't come around often!
Courtesy: Roots Real Estate Collective LLC.
541-880-6935
Great opportunity to own a residential income property with 3 homes on 1 lot. Strong cash flow potential with room to grow. The back home has been renovated, while the front home at 2118 Wiard offers 2 bed / 1 bath. Additional manufactured home on-site provides extra income with space rent. Solid investment with multiple streams in place.
Courtesy: Infinity Real Estate Group-Keller Williams Realty Southern Oregon
541-884-7123
Well-maintained multifamily income property ideally located near schools, dining, and everyday conveniences. This property features two duplex buildings offering a total of four units. Each unit includes a spacious living room, eat-in kitchen, laundry area, original built-ins providing ample storage, an updated bathroom, and a well-sized bedroom. The property offers generous parking along with four individual garages. All units are currently occupied by long-term tenants. Recent updates include newer siding, windows, and exterior paint. Each unit enjoys private front and side entrances. A true turnkey investment opportunity for the savvy investor.
Courtesy: Century 21 Showcase, Realtors
541-882-2121
Excellent opportunity to own a versatile income-producing property in scenic Klamath Falls! This unique property features two separate home on a spacious 1.10 acre fully fenced lot, fruit trees, making it ideal for investors, multi-generational living, or rental income. The main house is a manufactured home featuring 3 bd/1ba, pantry, plus an additional carport covering the roof for extra protection. The second home is a beautifully remodeled 1 bd, 1 ba residence offering appx. 800 sq. ft. of updated living space. Modern upgrades throughout makes this home a must-see. Located on a quiet street in the desirable south suburbs of Klamath Falls, this property offers privacy, space, and rural charm. Horses are currently on the property, making it perfect for animal lovers or hobby farmers.
Courtesy: Fisher Nicholson Realty, LLC
541-884-1717
Thinking about getting into the rental business? Well here is your chance. This unique property comes with three manufactured homes that have long term tenants. Also included is an RV pad with hookup for another potential income. The main house has new bottom cabinets partially on the lower half in the kitchen, new vinyl flooring, new counter top and sink. Living space has carpet that is new in the past five years with vinyl windows all the way around the home. There is a large shop behind the main house that has a lift, propane heater, insulated, wired for 220 and 50 amp RV plug, man door and sliding door for easy access. A detached one car garage also comes with the main house. New fencing in front of the house. All three manufactured homes have their own driveway, carport, sheds, gravel driveway and fenced. Privacy as the homes set at the end of Redding Street where the crop fields begin.
Courtesy: Century 21 Showcase, Realtors
541-882-2121
Two houses. One incredible opportunity. Located on a spacious corner lot, this property offers a 3 bed/1 bath stick-built home and a 2 bed/1 bath manufactured home with all new flooring and new windows.. Excellent income potential with $2,500+/month in rental income or ideal for multi-family living set up. Home was used in the past for a successful STR. Both homes come with a 1 year First American Home Warranty. Seller is a licensed real estate broker in the state of Oregon.
Courtesy: Coldwell Banker Holman Premier
541-884-1343
Income-producing Craftsman generating approximately $3,050/month ($36,600 annually) with an estimated 8.3% cap rate at the current list price. This 2,575 sq ft home on a .12-acre corner lot offers two apartments plus additional 4 furnished living spaces, creating multiple income streams and strong rental history. The lower level features a 1-bedroom apartment with full kitchen, office, bath, and fenced garden plus shared laundry. The main level includes 4 bedrooms, kitchen, dining area, and two porches. Upstairs apartment offers a large bedroom, living room, kitchenette, and private porch. Major upgrades include new furnace (2025), two water heaters (2021), updated electrical panels, new water and sewer lines (2021), and interior paint. Garden, greenhouse, fruit trees, patio, and off-street parking. Located just 3 blocks from downtown and near transit. Ideal for investors or owner-occupied income property. Rent roll and expense sheet available upon request.
Courtesy: Fisher Nicholson Realty, LLC
541-884-1717
Uniquely versatile property zoned commercial with residential use, offering endless possibilities in a prime downtown location! Spanning three levels, this distinctive building features two separate units and three full kitchens, providing flexibility for multi-use living, rental income, or business operations. The mid-level was previously used for commercial food prep—great for catering, retail, or creative ventures. An ADA-accessible ramp leads to the main entrance. Enjoy convenient on-street parking plus a large private parking lot in back. A rare opportunity to own a flexible live/workspace with character and potential in the heart of town!
Accepted Offer with Contingencies. Don't miss your opportunity to purchase the White House! Located just blocks from downtown Klamath Falls & a quick commute to OIT, this 23 Unit value add investment opportunity features (1) 1 bed/1 bath unit & 22 studio's. Units are separately metered for power & the building features a laundry room in the basement along with space to create add'l tenant storage. 11 current vacancies provide the opportunity to quickly renovate & stabilize the property with market rate tenants in need of affordable housing. Visit: https://www.chooseklamath.com/ for local economic info pertaining to Klamath Falls, OR.
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| The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real estate listings held by Brokerages other than Xome Inc. are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO). |
Klamath Falls is located in Oregon. Klamath Falls, Oregon has a population of 21,710. Klamath Falls is more family-centric than the surrounding county with 28.68% of the households containing married families with children. The county average for households married with children is 26.21%.
The median household income in Klamath Falls, Oregon is $42,047. The median household income for the surrounding county is $50,790 compared to the national median of $69,021. The median age of people living in Klamath Falls is 35.8 years.
The average high temperature in July is 86.4 degrees, with an average low temperature in January of 20.5 degrees. The average rainfall is approximately 16.4 inches per year, with 38.2 inches of snow per year.
