531 N 11th StreetKlamath Falls, OR 97601

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.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Style

Craftsman

Year built

1930

Building area

4,105 Sq Ft

Lot size

0.13 acres

Days on market

214

MLS^® Listing#

220217195

Property Features

Interior

Ceiling Fan(s) · Laminate Counters

Appliances

Dishwasher · Disposal · Dryer · Oven · Range · Refrigerator · Range Hood · Washer · Water Heater

Cooling

None · Ceiling Fan(s)

Heating

Baseboard · Electric · Forced Air · Natural Gas

Flooring

Carpet · Other · Tile · Vinyl

Fireplace

Living Room · Wood Burning

Basement

Full · Unfinished

Parking

Attached · Detached · Garage Door Opener · On Street · Shared Driveway · Garage

Patio

Patio

Lot features

Level

Construction

Frame

Foundation

Block · Concrete Perimeter · Slab

Roof

Composition · Rolled/Hot Mop

Windows

Aluminum Frames

Security

Carbon Monoxide Detector(s) · Smoke Detector(s)

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Pelican Elem

Middle

Ponderosa Middle

High

Klamath Union High School

Financial Details

HOA

None

Annual taxes

$3,758Tax year 2025

Parcel number

369808

Directions

From downtown go north on 11th Street. The property will be on the right. (There is no sign).