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531 N 11th Street, Klamath Falls, OR 97601
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$549,000
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Home Details for 531 N 11th Street
Price
$549,000
Type
Multi Family
Year Build
1930
Lot Size
0.13
County
Klamath
Basement
Full, Unfinished
Tax
$3,669.8
MLS®️ Listing#
220197643
On exitrealty.com
209 days
Property Description
Turnkey 5-Unit Investment Opportunity!
This well-maintained two-building apartment complex offers a consistent rental history and strong net income. Featuring two 2-bed/1-bath units and three 1-bed/1-bath units, each with separate electric meters, this property is ideal for investors seeking reliable cash flow. Recently updated units, upgraded electricial panals, shared coin-operated laundry, and four garage parking spaces. Located just minutes from O.I.T, Sky Lakes Medical Center, and downtown, this property offers excellent access to amenities and employment centers, ensuring steady demand for rentals.
Gross profit in 2024 was over $43K.
With solid cash flow, A cap rate of 6.5% and great potential for long-term appreciation, this property is a must-see for serious investors! A rare opportunity to own a profitable, low-maintenance multi-family investment! Unit 5: 1 bed, 1 bath, 750 sq.ft, rent is $760.
- Parking
- Attached
- Detached
- Garage Door Opener
- On Street
- Shared Driveway
- Heating Information
- Baseboard
- Electric
- Forced Air
- Natural Gas
- Cooling Information
- None
- Ceiling Fan(s)
- House Interior
- Ceiling Fan(s)
- Laminate Counters
- Basement
- Full
- Unfinished
- Fire Place
- Living Room
- Wood Burning
- Water Features
- Public
School Information
School Information for 531 N 11th Street
Elementary School
Pelican Elem
Middle School
Ponderosa Middle
High School
Klamath Union High School
Listing Courtesy: Windermere Real Estate Kf - 541-885-4400
Copyright ©2025 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than EXIT Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed.Last Updated: 2025-09-02 20:45:54
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Market statistics compiled from data from Oregon Datashare.
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$549,000
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EXIT REALTY BEND
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