Courtesy: Selling Oregon Realty
541-539-5487
Great investment opportunity in a convenient Klamath Falls location! Whether you're looking to expand your existing real estate portfolio, purchase your first investment property, or live in one unit while generating rental income from the other, this duplex offers an excellent opportunity. Located less than five minutes from Sky Lakes Medical Center and Oregon Tech (OIT), the property offers convenient access to major employment, education, and community amenities. The property has historically achieved a 7.8% cap rate, making it an attractive option for investors seeking income-producing real estate. Seller is motivated and welcomes offers! Seller is a licensed Oregon real estate broker.
Courtesy: SMI Commercial Real Estate LLC
503-390-6060
7-unit Cedar Apartments located in downtown Klamath Falls with major improvements completed, including new front deck and ADA ramp, roof repairs with 10-year elastomeric coating, updated lighting, plumbing/electrical repairs, fresh common-area paint, and off-street parking. Units 2, 3, 5, 6, and 7 have been updated and Units 1 and 4 have long-term tenants. Shared basement laundry and value-add upside. Units are a mix of (2) 2 bed / 1 bath and (5) 1 bed / 1 bath. Please do not disturb the residents.
7-unit Cedar Apartments located in downtown Klamath Falls with major improvements completed, including new front deck and ADA ramp, roof repairs with 10-year elastomeric coating, updated lighting, plumbing/electrical repairs, fresh common-area paint, and off-street parking. Units 2, 3, 5, 6, and 7 have been updated and Units 1 and 4 have long-term tenants. Shared basement laundry and value-add upside.
Courtesy: Keller Williams Realty Southern Oregon
541-608-0447
Great investment opportunity. 10 unit complex that has undergone many updates and remodeling. 2 bed/1 bath unit is fenced and gated and currently occupied by the rental manager. Two 4-plex apartment buildings are gated with audio/video surveillance for security. Rent includes water, sewer & garbage. Avista natural gas is stubbed out to all buildings so it can be easily utilized.
Courtesy: Century 21 Showcase, Realtors
541-882-2121
Investment opportunity! This duplex offers two rental units with a combined 1,228 sq. ft. of living space, making it an excellent addition to an investment portfolio or an owner-occupant opportunity. Built in 1952 and situated on property zoned MD, this property provides flexibility and long-term potential. Each unit offers functional living space with separate rental income possibilities. Whether you're looking to generate steady cash flow, expand your real estate portfolio, or live in one unit while renting the other, this duplex presents an affordable opportunity. Conveniently located near local amenities, shopping, schools, and public transportation, this property is ready for its next owner to maximize its potential. Don't miss this chance to invest in income-producing real estate at an attractive price.
Courtesy: Coldwell Banker Holman Premier
541-884-1343
This duplex was built in 2005 and is a 3 bed 1.5 bath with all three bedrooms upstairs and the living, kitchen, laundry and half bath downstairs. Each unit has a full 2 car garage. Close to OIT and Sky Lakes Medical Center. Units have been under property management. One unit at 2055 Oregon Ave and the other is on 600 Prescott. Unit sits between Oregon and Prescott. Both units are rented and require minimum of 24-hour notice. More time will be appreciated.
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. Seller includes a basic home warranty for the duplex.
Courtesy: Knipe Realty ERA Powered
503-445-7660
Lakeview Apartments presents an exceptional opportunity to acquire a newly constructed single-story four-unit multifamily investment property in a quiet residential area of Klamath Falls. Currently under construction with anticipated completion in August 2026, the property is designed to offer modern, efficient living with strong rental appeal, low-maintenance ownership, and strong income potential, with a proforma cap rate of over 7%. An ideal turn-key investment with one-year builder warranty.The investment offers flexibility for both investors and owner-occupants alike with the opportunity to potentially occupy one unit while utilizing residential owner-occupier financing options.
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: 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: 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!
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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.
