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    6640 Redding St Klamath Falls, OR 97603

    Sponsored
    Picture of Multifamily properties at Redding St 6640, Klamath Falls, OR
    For Sale
    $380,000

    Multi Family, Traditional - Klamath Falls, OR

    Type:Multi Family
    Lot size:
    0.29 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 27 at 2:06 am

    Property Features for 6640 Redding St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    R2
    APN
    583078
    Parking features
    Carport, Driveway, On Street
    Interior features
    Ceiling Fan(s), Fiberglass Stall Shower, High Speed Internet, Laminate Counters, Open Floorplan, Shower/Tub Combo
    Exterior features
    RV Dump, RV Hookup
    Appliances
    Cooktop, Dryer, Range, Refrigerator
    Lot size
    0.29 Acres

    Utilities

    Heating system
    Electric (Heating), Pellet Stove (Heating)
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1968
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Carpet, Vinyl
    Roof type
    Metal
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Kelli M Santillie

    Fisher Nicholson Realty, LLC (541) 884-1717

    Listing agent Kelli M Santillie (541) 884-1717 License #200808160

    Listing date Jan 26, 2026

    MLS# 220214288 Listing URL

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Klamath Falls Multifamily Investment Opportunity

    This unique multifamily property in Klamath Falls, Oregon, presents an investment opportunity with three manufactured homes, each occupied by long-term tenants. An RV pad with hookups offers additional income potential. The main house features partially new bottom cabinets in the kitchen, new vinyl flooring, a new countertop and sink. The living space has carpet that is new in the past five years and vinyl windows. A large shop behind the main house includes a lift, propane heater, insulation, wiring for 220 and 50 amp RV plug, a man door, and a sliding door. A detached one-car garage is also included with the main house. New fencing has been installed in front of the house. Each of the three manufactured homes has its own driveway, carport, sheds, gravel driveway, and fenced yard. The property is located at the end of Redding Street, bordering crop fields, offering privacy. The lot size is 0.29 acres and is zoned R2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Building Supply Dental Office Wholesale Shop Gym & Fitness Food Market Car Rental Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Klamath Falls
    County
    Klamath
    State
    Oregon
    Longitude
    -121.710694
    Latitude
    42.166995

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily property with manufactured homes, RV pad, and main house.
    Where is this multifamily property located?
    The property is located at 6640 Redding St Klamath Falls, OR.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: - Multiple income streams: Three manufactured homes with long-term tenants and an RV pad.; - Large shop featuring a lift, propane heater, insulation, 220 wiring, 50 amp RV plug, man door, and sliding door.; - Updated main house: New bottom cabinets, vinyl flooring, countertop, and sink in the kitchen, plus newer carpet and vinyl windows.
    (541) 884-1717
    Request Owner's contact information
    6640 Redding St Klamath Falls, OR 97603
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    Klamath Falls, OR 97603
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    6640 Redding St Klamath Falls, OR 97603
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    We can help!
    Listing Contact
    Kelli M Santillie
    Real Estate License ID: 200808160
    (541) 884-1717
    Learn more
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