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    Klamath Falls Multifamily Property

    118 Nevada Street Klamath Falls, OR 97601

    118 Nevada Street, Klamath Falls, OR, 97601
    $295,000
    For Sale
    Claim this Listing
    $295,000

    MULTI_FAMILY - Other - Klamath Falls, OR

    Property Size1,620 SF
    Lot Size0.15 Acres
    Price / SF$182.10
    AddedMay 19
    Days on Market59
    Last RefreshJul 16 at 1:06 pm

    Property Features for 118 Nevada Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Driveway
    Patio and Porch features
    Deck
    Appliances
    Dishwasher, Disposal, Oven, Refrigerator
    Standard status
    Active
    APN
    442319
    Size
    1,620 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2264

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1976
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Laminate
    Building materials
    Block, Frame
    Roof type
    Composition
    Architectural style
    Other

    Listing agent Stacy Ellingson License #200502384

    Listing office Fisher Nicholson Realty, LLC 403 Main Street, Klamath Falls, OR

    Listing date May 19, 2026

    MLS# 220221676 Listing URL

    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 well-maintained multifamily property in Klamath Falls, Oregon, has a history of reliable tenants. Each unit is equipped with essential appliances, including refrigerators, dishwashers, stoves, and garbage disposals, as well as toilets. The property includes individual one-car garages for each unit. Residents can enjoy access to a fenced backyard with a back deck. The property is situated on a lot of 0.15 acres and the building size is 1,620 square feet. The property is conveniently located in Klamath Falls.

    Key Highlights

    • Long history of reliable tenants, ideal for investors.
    • Each unit includes a one‑car garage.
    • Enjoy a fenced backyard with back deck.

    Local Financial Insights For Multifamily LT 5

    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 $20.6k $12.72
    − Vacancy −$1.7k −$1.08
    EGI $18.9k $11.64
    − OpEx −$5.7k −$3.49
    NOI $13.2k $8.15
    1,620 SF · lease $12.72/SF/yr · vacancy 8.46% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $188.6K
    $165.1K – $220.1K (±1% cap)
    NOI $13,204 @ 7.0% cap · market cap 4.48%
    Second Best
    Apartment 5plus
    $167.0K
    $146.1K – $194.8K (±1% cap)
    NOI $11,688 @ 7.0% cap · market cap 3.96%
    Theoretical Best
    Office A
    $331.1K
    $289.7K – $386.3K (±1% cap)
    NOI $23,179 @ 7.0% cap · market cap 7.86%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Spa & Massage Center Nail Salon Auto Parts Store Building Supply Skin Care Clinic Parking Lot & Garage Plumbing Service Furniture & Home Goods Dental Office

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Well-maintained Klamath Falls multifamily property with reliable tenants.
    Where is this duplex located?
    The property is located at 118 Nevada Street Klamath Falls, OR.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Long history of reliable tenants, ideal for investors.; Each unit includes a one‑car garage.; Enjoy a fenced backyard with back deck.
    Contact an agent
    (541) 591-4322
    We can help!
    Contact an agent
    Stacy Ellingson
    Stacy Ellingson
    Real Estate License ID: 200502384
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