Duplex with Two Rental
2215 Applegate Avenue Klamath Falls, OR 97601
2215 Applegate Avenue, Klamath Falls, OR, 97601
$215,000
For Sale
$215,000
MULTI_FAMILY - Bungalow - Klamath Falls, OR
Property Size1,228 SF
Lot Size0.14 Acres
Price / SF$175.08
Days on Market23
Property Features for 2215 Applegate Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking features
- None
- Window features
- Wood Frames
- Standard status
- Active
- APN
- 613081
- Size
- 1,228 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1560
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1952
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Laminate, Hardwood, Vinyl
- Building materials
- Block
- Roof type
- Composition
- Architectural style
- Bungalow
Listing agency
Century 21 Showcase, Realtors
(541) 882-2121
Listed by
Stacey Moyles · License #201233566
(208) 851-1854
Added: Jun 29 Updated: Jul 18 at 1:54AM Checked: Jul 21 at 7:06PM
MLS# 220224316
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 duplex includes two residential rental units within a total of 1,228 square feet of living space. The property was built in 1952 and is situated on a 0.14-acre lot. With two separate units, the layout supports either a two-rental setup for an investor or an owner-occupant arrangement that allows one unit to be rented while the other is lived in. The property is offered for sale as an income-producing residential option.
The duplex is located at 2215 Applegate Avenue in Klamath Falls, Oregon. Public remarks note proximity to local amenities, shopping, schools, and public transportation, which can be a practical consideration for tenant convenience.
The two-unit configuration makes this a straightforward fit for buyers seeking a residential income property, or for an owner looking to offset housing costs through rental income. Because the property sits on land zoned MD, it may provide additional flexibility for appropriate residential use. The size and lot dimensions also make it a manageable option for purchasers evaluating a smaller multifamily asset.
The duplex is located at 2215 Applegate Avenue in Klamath Falls, Oregon. Public remarks note proximity to local amenities, shopping, schools, and public transportation, which can be a practical consideration for tenant convenience.
The two-unit configuration makes this a straightforward fit for buyers seeking a residential income property, or for an owner looking to offset housing costs through rental income. Because the property sits on land zoned MD, it may provide additional flexibility for appropriate residential use. The size and lot dimensions also make it a manageable option for purchasers evaluating a smaller multifamily asset.
Key Highlights
- Duplex built in 1952 with 1,228 sq. ft. combined living space
- Block construction with bungalow architectural style
- Public utilities: public water and public sewer
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 | $15.6k | $12.72 |
| − Vacancy | −$1.3k | −$1.08 |
| EGI | $14.3k | $11.64 |
| − OpEx | −$4.3k | −$3.49 |
| NOI | $10.0k | $8.15 |
1,228 SF · lease $12.72/SF/yr · vacancy 8.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$143.0K
$125.1K – $166.8K
NOI $10,009 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$126.6K
$110.8K – $147.7K
NOI $8,860 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$251.0K
$219.6K – $292.8K
NOI $17,570 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex built in 1952 offers two separate rental units under MD zoning, suitable for investors or owner-occupants.
Where is this duplex located?
The property is located at 2215 Applegate Avenue Klamath Falls, OR.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Duplex built in 1952 with 1,228 sq. ft. combined living space; Block construction with bungalow architectural style; Public utilities: public water and public sewer
