531 N 11th Street, Klamath Falls, OR 97601
- $545,000
- List Price
- $545,000
- MLS#
- 220217195
- Status
- ACTIVE
- City
- Klamath Falls
- County
- Klamath
- Year Built
- 1930
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
- Taxes
- $3,757
- Acres
- 0.13
- View
- Neighborhood
- Water
- Public
- Heating
- Baseboard, Electric, Forced Air, Natural Gas
- Foundation
- Block, Concrete Perimeter, Slab
- Flooring
- Carpet, Other, Tile, Vinyl
- Elementary School
- Pelican Elem
- Middle School
- Ponderosa Middle
Mortgage Calculator
Listing courtesy of Windermere Real Estate Kf.
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