Three-Level Mixed-Use
For Sale
$375,000
1146 Pine Street, Klamath Falls, OR 97601
Commercial Sale, Klamath Falls, OR
Property Size2,737 SF
Lot Size0.11 Acres
Price / SF$137.01
Days on Market435
Property Features for 1146 Pine Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
GC
Parking features
Parking Lot, On Street
Interior features
Laminate Counters, Solid Surface Counters, Tile Counters
Basement
Finished, Daylight
Subdivision
Klamath Falls -Hot Springs Addition
Directions
Main St to Pine - Cross streets are 11th and Main St/Esplanade connection
Standard status
Active
APN
371243
Size
2,737 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2393
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
three full kitchens
ADA-accessible ramp
Building Details
Floors in Building
3
Number of units
2
Flooring type
Tile, Vinyl, Laminate, Carpet
Building materials
Frame
Roof type
Metal
Listing Agency:
Fisher Nicholson Realty, LLC
(541) 884-1717
Listed By:
Danae Lasalle · License #201235890
(541) 880-8228
Added: Jul 29, 2025
Changed: Oct 2
Last Checked: Oct 6 at 8:06PM
MLS# 220206706
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 2,737-square-foot mixed-use building at 1146 Pine Street is arranged across three levels with two separate units and three full kitchens. The property is zoned commercial with residential use, creating a live-work configuration that accommodates multiple operating formats. The middle level was previously used for commercial food preparation. Interior finishes include tile, carpet, laminate, and vinyl flooring, with laminate, solid surface, and tile counters. Heating is electric, while cooling is provided by window and wall/window units.
An ADA-accessible ramp leads to the main entrance. Parking includes a private rear lot and on-street spaces. The property occupies 0.11 acres and is served by public water and public sewer, with frame construction and a metal roof.
An ADA-accessible ramp leads to the main entrance. Parking includes a private rear lot and on-street spaces. The property occupies 0.11 acres and is served by public water and public sewer, with frame construction and a metal roof.
Key Highlights
- 2,737‑square‑foot building on a 0.11‑acre parcel
- Three levels with two separate units
- Three full kitchens, including a middle level previously used for commercial food preparation
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
Specialty Retail
$383.6K
$335.7K – $447.6K
NOI $26,855 @ 7.0% cap · market cap 7.16%
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,317
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning supports residential use within a flexible live-work configuration.
Where is this mixed-use property 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: 2,737‑square‑foot building on a 0.11‑acre parcel; Three levels with two separate units; Three full kitchens, including a middle level previously used for commercial food preparation
