531 N 11th StreetKlamath Falls, OR 97601
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 Type:
Residential Income
- Architectural Style:
Craftsman
- Bedrooms:
- Bathrooms:
0
- Dwelling Size:
0 SqFt
- Lot Size:
0.13 Acres
- Lot Description:
- Stories:
- Year Built:
1930
- Interior Features:
Ceiling Fan(s), Laminate Counters, Linen Closet, Shower/Tub Combo
- Exterior Features:
- Parking:
Attached Garage
Garage or Parking Spaces:
Features: Attached, Detached, Garage Door Opener, On Street, Shared Driveway
- Area:
- Views:
Neighborhood
- Schools:
High School(s): Klamath Union High School
Middle School(s): Ponderosa Middle
Elementary School(s): Pelican Elem
- HOA:
- Senior Community:
- Heating:
Baseboard,Electric,Forced Air,Natural Gas
- Cooling:
None
- Appliances:
Dishwasher, Disposal, Dryer, Oven, Range, Range Hood, Refrigerator, Washer, Water Heater
- Fireplace:
Fireplace(s):
Features: Living Room,Wood Burning
- Accessibility:
- Security Features:
Carbon Monoxide Detector(s), Smoke Detector(s)
- Foundation:
Block,Concrete Perimeter,Slab
- Roof:
Composition,Rolled/Hot Mop