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    1928 Erie St Klamath Falls, OR 97601

    Pending
    For Sale
    $509,000

    Multi Family, Traditional - Klamath Falls, OR

    Type:Multi Family
    Lot size:
    0.18 Acres
    Days on Market:
    47
    Last Refresh:
    Dec 6 at 8:06 am

    Property Features for 1928 Erie St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Pending
    Zoning
    SF
    APN
    373642
    Parking features
    On Street
    Interior features
    Laminate Counters, Shower/Tub Combo
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Geothermal (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1929
    Floors in Building
    1
    Number of units
    6
    Flooring type
    Carpet, Vinyl
    Building materials
    Frame
    Roof type
    Membrane
    Architectural style
    New Traditional

    Windermere Real Estate Kf (541) 885-4400 [email protected]

    Listing agent Allison K York (541) 885-4400 License #200409050

    Listing date Oct 21, 2025

    MLS# 220210181 Listing URL

    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.

    Overview

    Klamath Falls Six-Plex Investment Opportunity

    This six-plex presents an excellent investment opportunity in the Hot Springs area of Klamath Falls. The property features six well-maintained 1-bedroom, 1-bathroom units, each approximately 770 sq. ft. The units have been recently updated, providing a fresh and inviting feel. A strong rental history and professional property management are already in place. The property is ideally located near Oregon Tech and Sky Lakes Medical Center, making it attractive to consistent tenant demand. On-site amenities include a laundry facility. Each unit has a separate power meter. The sale includes the adjacent lot to the south, providing additional parking for tenants. The property is located in a central location close to the college and hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Klamath Falls
    County
    Klamath
    State
    Oregon
    Longitude
    -121.770609
    Latitude
    42.231419

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building near Oregon Tech and Sky Lakes Medical Center.
    Where is this apartment building located?
    The property is located at 1928 Erie St Klamath Falls, OR.
    What is the asking price?
    The asking price for this property is $509,000.
    What are key features of this property?
    This property features: - Geothermal heating provides energy-efficient and cost-effective climate control.; - Six well-maintained 1-bedroom, 1-bathroom units offer immediate rental income.; - Includes adjacent lot, providing additional parking for tenants.
    (541) 885-4400
    Request Owner's contact information
    1928 Erie St Klamath Falls, OR 97601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1928 Erie St Klamath Falls, OR 97601
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