Live-Work Building with Commercial
1146 Pine Street Klamath Falls, OR 97601
1146 Pine Street, Klamath Falls, OR, 97601
$375,000
For Sale
$375,000
COMMERCIAL - Klamath Falls, OR
Property Size2,737 SF
Lot Size0.11 Acres
Price / SF$137.01
Days on Market358
Property Features for 1146 Pine Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot, On Street
- Interior features
- Laminate Counters, Solid Surface Counters, Tile Counters
- Basement
- Daylight, Finished
- Standard status
- Active
- APN
- 371243
- Size
- 2,737 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2393
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Vinyl, Carpet, Tile, Laminate
- Building materials
- Frame
- Roof type
- Metal
Listing agency
Fisher Nicholson Realty, LLC
(541) 884-1717
Listed by
Danae Lasalle · License #201235890
(541) 880-8228
Added: Jul 29, 2025 Updated: Jun 26 at 1:30PM Checked: Jul 21 at 11:06PM
MLS# 220206706
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This uniquely versatile, zoned commercial building allows residential use and features three levels with two separate units. The property includes three full kitchens, giving an owner multiple ways to operate or combine uses across the building. An ADA-accessible ramp leads to the main entrance, supporting practical accessibility for occupants and guests.
Located at 1146 Pine Street in Klamath Falls, Oregon, the property sits in a downtown setting. Parking is available both on-street and via a large private parking lot in the back. The mid-level was previously used for commercial food prep, which aligns well with catering, retail kitchen concepts, or other creative food-related operations.
For tenants, buyers, or operators seeking a flexible live/work setup, this configuration supports multiple approaches: maintaining separate units while still leveraging the building’s kitchen improvements for ongoing operations. The combination of residential-use zoning, ADA access, and dedicated parking helps accommodate everyday use, whether you’re running food service activities or supporting other mixed-use scenarios.
Located at 1146 Pine Street in Klamath Falls, Oregon, the property sits in a downtown setting. Parking is available both on-street and via a large private parking lot in the back. The mid-level was previously used for commercial food prep, which aligns well with catering, retail kitchen concepts, or other creative food-related operations.
For tenants, buyers, or operators seeking a flexible live/work setup, this configuration supports multiple approaches: maintaining separate units while still leveraging the building’s kitchen improvements for ongoing operations. The combination of residential-use zoning, ADA access, and dedicated parking helps accommodate everyday use, whether you’re running food service activities or supporting other mixed-use scenarios.
Key Highlights
- Three‑level building with 2 separate units and 3 full kitchens for flexible live/work or multi‑use setups
- Mid‑level previously used for commercial food prep, suitable for catering, retail, or creative use (per prior use)
- ADA‑accessible ramp leading to the main entrance
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.8k | $13.80 |
| − Vacancy | −$2.0k | −$0.72 |
| EGI | $35.8k | $13.08 |
| − OpEx | −$9.0k | −$3.27 |
| NOI | $26.9k | $9.81 |
2,737 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$383.6K
$335.7K – $447.6K
NOI $26,855 @ 7.0% cap · market cap 7.16%
Second Best
Mixed Use
$354.5K
$310.2K – $413.6K
NOI $24,818 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$559.4K
$489.5K – $652.7K
NOI $39,161 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sanctioned Love
Association / Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Three-level building with two units and three full kitchens, offering flexible live, rental, or business operations with ADA access.
Where is this live-work space located?
The property is located at 1146 Pine Street Klamath Falls, OR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Three‑level building with 2 separate units and 3 full kitchens for flexible live/work or multi‑use setups; Mid‑level previously used for commercial food prep, suitable for catering, retail, or creative use (per prior use); ADA‑accessible ramp leading to the main entrance
