Rental Property with Three Manufactured
6640 Redding Street Klamath Falls, OR 97603
6640 Redding Street, Klamath Falls, OR, 97603
$290,000
For Sale
$290,000
MULTI_FAMILY - Other - Klamath Falls, OR
Property Size1,100 SF
Lot Size0.29 Acres
Price / SF$263.64
Days on Market177
Property Features for 6640 Redding Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport, Driveway, On Street
- Window features
- Vinyl Frames
- Patio and Porch features
- Deck, Porch, Patio
- Interior features
- Ceiling Fan(s), Fiberglass Stall Shower, Laminate Counters, Open Floorplan, Shower/Tub Combo
- Exterior features
- RV Dump, RV Hookup
- Appliances
- Cooktop, Dryer, Range Hood, Refrigerator, Washer, Water Heater
- Standard status
- Active
- APN
- 583078
- Size
- 1,100 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 506
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Pellet Stove
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Well
Building Details
- Year built
- 1968
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Carpet, Vinyl
- Roof type
- Metal
- Architectural style
- Other
- Additional Structures
- Workshop
Listing agency
Fisher Nicholson Realty, LLC
(541) 884-1717
Listed by
Kelli M Santillie · License #200808160
(541) 331-5900
Added: Jan 26 Updated: Jul 17 at 12:46PM Checked: Jul 22 at 6:06AM
MLS# 220214288
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 rental property includes three manufactured homes, each with its own driveway, carport, and shed, along with fencing. The main home includes updates such as new bottom cabinets in the kitchen (partially on the lower half), new vinyl flooring, and a new countertop and sink. Living space features newer carpet within the past five years, vinyl windows throughout, and a detached one-car garage.
The property also includes a large shop behind the main house with a lift, insulated walls, a propane heater, and is wired for 220 with a 50 amp RV plug, along with a man door and a sliding door for access. A privacy fencing setup is in place at the front of the homes, and an RV pad with hookup is included.
The homes are set at the end of Redding Street where crop fields begin.
The property also includes a large shop behind the main house with a lift, insulated walls, a propane heater, and is wired for 220 with a 50 amp RV plug, along with a man door and a sliding door for access. A privacy fencing setup is in place at the front of the homes, and an RV pad with hookup is included.
The homes are set at the end of Redding Street where crop fields begin.
Key Highlights
- Three manufactured homes with long‑term tenants, plus an RV pad with hookup for additional income potential
- Large insulated shop behind the main house with lift, propane heater, wired for 220, and a 50 amp RV plug
- Main house updates include new/partial new bottom kitchen cabinets, vinyl flooring, countertop and sink, plus new carpet in the past 5 years
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 | $14.0k | $12.72 |
| − Vacancy | −$1.2k | −$1.08 |
| EGI | $12.8k | $11.64 |
| − OpEx | −$3.8k | −$3.49 |
| NOI | $9.0k | $8.15 |
1,100 SF · lease $12.72/SF/yr · vacancy 8.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$128.1K
$112.1K – $149.4K
NOI $8,966 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$113.4K
$99.2K – $132.3K
NOI $7,937 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$224.8K
$196.7K – $262.3K
NOI $15,739 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - For sale featuring three manufactured homes with individual driveways, carports, sheds, and fencing plus a large shop with lift.
Where is this triplex located?
The property is located at 6640 Redding Street Klamath Falls, OR.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Three manufactured homes with long‑term tenants, plus an RV pad with hookup for additional income potential; Large insulated shop behind the main house with lift, propane heater, wired for 220, and a 50 amp RV plug; Main house updates include new/partial new bottom kitchen cabinets, vinyl flooring, countertop and sink, plus new carpet in the past 5 years
