531 N 11th Street, Klamath Falls, OR 97601

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$590,000

bedrooms

bathrooms

square feet

Acreage

0.13

Open Houses

year built

1930

Full Baths

Half Baths

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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.

Location
Subdivision	Klamath Falls -Nichols Addition
County	Klamath
Elementary School	Pelican Elem
Middle School	Ponderosa Middle
High School	Klamath Union High School

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MLS number: 220197643

Listing agent: Jody Carter #201204082

Listing broker: Windermere Real Estate Kf (541) 885-4400

Copyright © 2025 Klamath County Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Thursday, April 17 2025 at 8:14 p.m. EDT

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