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    4429 Shasta Way Klamath Falls, OR 97603

    For Sale
    $475,000

    Bungalow,Traditional, Triplex - Klamath Falls, OR

    Type:Triplex
    Lot size:
    0.33 Acres
    Days on Market:
    85
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 4429 Shasta Way

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Zoning
    Commercial
    APN
    448199
    Parking features
    On Street, Parking Lot, RV
    Interior features
    Ceiling Fan(s), Fiberglass Stall Shower, High Speed Internet, In-Law Floorplan, Open Floorplan, Primary Downstairs, Shower/Tub Combo, Smart Light(s), Smart Lock(s), Solid Surface Counters, Tile Shower
    Exterior features
    Courtyard, RV Dump, RV Hookup
    Appliances
    Cooktop, Dryer, Microwave, Range, Refrigerator, Water - Purifier
    Lot size
    0.33 Acres

    Utilities

    Heating system
    Electric (Heating), Natural Gas
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1925
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Tile, Vinyl, Wood
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Bungalow

    eXp Realty (888) 814-9613 [email protected]

    Listing agent Terri ONeill (888) 814-9613 License #201216912

    Listing date Sep 12, 2025

    MLS# 220206225 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

    Versatile Income Property in Klamath Falls

    This centrally located property in Klamath Falls, near medical facilities, shopping, and dining, presents a versatile opportunity for generating income. The property features three renovated one-bedroom, one-bathroom units, suitable for multi-generational living, short or long-term rentals, or a live-work arrangement. The front building, previously a retail space, has been converted into two apartment units. A rear cottage can function as a private residence, a third rental unit, or on-site housing for a business owner. The property has operated as temporary housing for business travelers and as an Airbnb for tourists. Each unit includes a private entrance, full kitchen, living and dining area, bedroom and bathroom, in-unit washer/dryer, full-size refrigerator, and microwave. Two units also feature dishwashers and workspace. Guests have access to a yard with common and separate areas. The lot size is 0.33 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wuta Joy! Accommodations Furnished Apartment Building

    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
    -121.734356
    Latitude
    42.21419

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    FAQs

    What type of property is this?
    Triplex - Triple-income property near amenities, ideal for rentals or multi-generational living.
    Where is this triplex located?
    The property is located at 4429 Shasta Way Klamath Falls, OR.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Triple-income property with 3 renovated 1-BR, 1-BA units.; - Prime central location near medical facilities, shopping, and dining.; - Versatile property suitable for multi-generational living, rentals (short or long-term), or live-work arrangement.
    (888) 814-9613
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    4429 Shasta Way Klamath Falls, OR 97603
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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
    4429 Shasta Way Klamath Falls, OR 97603
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