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$649,000

Listing Price

2beds

3baths

1,168sqft

5,663sqft lot

531 N 11th St, Klamath Falls, OR 97601

Member Features

Find Real Estate Bargain!

  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Single Family

Home type

--

Price / sqft

1930

Year built

Home Details

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.

Interior Details

Square Feet
  • 1168

Bedrooms
  • 2

Bathrooms
  • 3

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Forced Air With Air Conditioning

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    Central

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    Unfinished

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 5663

Water
  • No

Sewer
  • No

Parking
  • Type:

    N/A

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    N/A

Deck
  • No

Patio
  • No

Fence
  • No

Pool
  • No

Porch
  • Yes

Stoop
  • No

Breezeway
  • No

Construction Details

Number of Stories
  • 1

Style
  • N/A

Exterior
  • Asbestos

Foundation
  • N/A

Roof
  • Gable/hip

Roofing Material
  • Composition Shingle

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2019

$3,171

$0

$0

--%

$183,790

2018

$2,776

$29,000

$149,440

--%

$178,440

2017

$2,767

$29,000

$149,440

--%

$178,440

2016

$2,486

$29,000

$131,120

--%

$160,120

2015

$2,834

$0

$0

--%

$178,170

2013

$2,226

$0

$0

--%

$154,150

2012

$2,461

$0

$0

--%

$172,990

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Average Home Price in 97601

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$261,196

3 Beds

1 Baths

1,276 Sqft

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Sold 09/10/2026

$190,777

2 Beds

1 Baths

1,140 Sqft

5,663 Lot (sqft)

Sold 09/01/2026

$160,000

2 Beds

1 Baths

1,098 Sqft

6,970 Lot (sqft)

Sold 10/06/2026

$239,900

3 Beds

2 Baths

1,338 Sqft

5,663 Lot (sqft)

Sold 09/29/2026

$125,081

2 Beds

1 Baths

1,262 Sqft

7,405 Lot (sqft)

Sold 10/06/2026

$310,480

2 Beds

1 Baths

1,150 Sqft

7,405 Lot (sqft)

Sold 10/05/2026

$159,000

3 Beds

1 Baths

1,043 Sqft

6,098 Lot (sqft)

Sold 10/05/2026

$280,138

2 Beds

1 Baths

1,292 Sqft

6,098 Lot (sqft)

Sold 10/06/2026

$118,121

2 Beds

1 Baths

994 Sqft

7,841 Lot (sqft)

Sold 10/05/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
649,000
$
Down payment
129,800
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
3,894
$
HOA (Monthly)
0
$
PMI
0
$
$4,201
Your Payment
Total Monthly Payment:$4,201
Percent of Income:72%
Affordable:No

Details for 531 N 11TH ST

Property Debt

Foreclosure Contact Details