Duplex with Commercial
1146 Pine Street, Klamath Falls, OR 97601
For Sale
$375,000
Residential Income, Klamath Falls, OR
Property Size2,737 SF
Lot Size0.11 Acres
Price / SF$137.01
Days on Market475
Property Features for 1146 Pine Street
General Information
Property type
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Zoning description
Parking features
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Middle school
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Buildings
Listing Agency:
Fisher Nicholson Realty, LLC
(541) 884-1717
Listed By:
Danae Lasalle · License OR #201235890
(541) 880-8228
Added: Jul 29, 2025
Changed: Oct 31
Last Checked: Nov 15 at 4:06AM
MLS# 220206707
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.
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Investment Insights
Based on property information with market context.
This 2737-square-foot, three-level duplex contains two separate units and three full kitchens. The property is zoned commercial while allowing residential use, creating a flexible configuration for combined living, rental, and business functions. The middle level previously served as a commercial food-preparation area. Frame construction, metal roofing, tile, vinyl, and carpet flooring are complemented by electric heat and window or wall/window cooling units.
Located in downtown Klamath Falls, the property includes an ADA-accessible ramp at the main entry, on-street parking, a rear private lot, carport parking, and alley access. Public water and public sewer serve the building, which sits on a 0.11-acre parcel.
Located in downtown Klamath Falls, the property includes an ADA-accessible ramp at the main entry, on-street parking, a rear private lot, carport parking, and alley access. Public water and public sewer serve the building, which sits on a 0.11-acre parcel.
Key Highlights
- 2737 SF duplex arranged across three levels
- Two separate units with three full kitchens
- Commercial zoning with residential use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,589
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,780
$551.8K
Cap Rate 7%
$394,129
$394.1K
Cap Rate 9%
$306,544
$306.5K
Market Conditions
NOI Build-Up for 2,737 SF
Gross rent
$46.0K $16.80/SF
− Vacancy
−$9.2K −$3.36/SF
EGI
$36.8K $13.44/SF
− OpEx
−$9.2K −$3.36/SF
NOI
$27.6K $10.08/SF
Area
Klamath County, OR
Vacancy
20.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,780
Cap Rate 7%
$394,129
Cap Rate 9%
$306,544
Alternative Uses
Best Use
Office B
$394.1K
$344.9K – $459.8K
NOI $27,589 @ 7.0% cap · market cap 7.36%
Second Best
Mixed Use
$354.5K
$310.2K – $413.6K
NOI $24,818 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$559.4K
$489.5K – $652.7K
NOI $39,161 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,317
Businesses Nearby
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Demographics for 97601, OR
23,264
Population
10,936
Households
2.1
Avg Household Size
40
Median Age
24%
College-Educated
88%
High-School Grad
577.8 sq mi
ZIP Area
40
Density / Sq Mi
$53,333
Median Household Income
$31,011
Median Earnings
$972
Median Rent
$266,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Klamath County, OR
Properties on Market for Duplexes in Klamath County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with three full kitchens and private rear parking.
Where is this duplex located?
The property is located at 1146 Pine Street Klamath Falls, OR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2737 SF duplex arranged across three levels; Two separate units with three full kitchens; Commercial zoning with residential use
