Duplex with Updated
For Sale
$347,211
121 Lincoln Street, Klamath Falls, OR 97601
Each residence offers three bedrooms, washer and dryer connections, and a mix of occupied and vacant status.
Property Size1,944 SF
Price / SF$178.61
Days on Market147
Property Features for 121 Lincoln Street
General Information
Standard status
Active
Size
1,944 SF
Property subtype
Residential Income
Zoning
MD
Occupancy
50%
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,371
Amenities
washer/dryer hookups
Laminate Counters
Shower/Tub Combo
Building Details
Building Size
1,944 SF
Year Built
1981
Buildings
1
Stories
2
Units
2
Listing Agency:
Fisher Nicholson Realty, LLC
(541) 884-1717
Listed By:
Candi Sonerholm · License #920300241
(541) 891-4664
Source:
Desertskyrealestate
Added: Jun 4
Changed: Oct 26
Last Checked: Oct 26 at 3:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fisher Nicholson Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,944-square-foot duplex, built in 1981, contains two three-bedroom units. Interior work includes fresh paint and updated flooring in one residence, plus kitchen flooring, a newer refrigerator, window coverings, and a replacement toilet in the other. Both units have washer and dryer connections. The roof is less than 2 years old, and the exterior was painted approximately 1 year ago.
One unit is vacant, while the other has a one-year lease. Tenants pay their own electricity; the owner covers the first $50 per month for water and sewer, with tenants dividing the balance. The property is zoned MD.
One unit is vacant, while the other has a one-year lease. Tenants pay their own electricity; the owner covers the first $50 per month for water and sewer, with tenants dividing the balance. The property is zoned MD.
Key Highlights
- Two units, each with 3 bedrooms
- 1,944 square feet; built in 1981
- Roof is less than 2 years old; exterior paint is approximately 1 year old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,845
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,900
$316.9K
Cap Rate 7%
$226,357
$226.4K
Cap Rate 9%
$176,056
$176.1K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$24.7K $12.72/SF
− Vacancy
−$2.1K −$1.08/SF
EGI
$22.6K $11.64/SF
− OpEx
−$6.8K −$3.49/SF
NOI
$15.8K $8.15/SF
Area
Klamath County, OR
Vacancy
8.46%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,900
Cap Rate 7%
$226,357
Cap Rate 9%
$176,056
Alternative Uses
Best Use
Multifamily LT 5
$226.4K
$198.1K – $264.1K
NOI $15,845 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$200.4K
$175.3K – $233.8K
NOI $14,026 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$397.3K
$347.7K – $463.6K
NOI $27,814 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, washer and dryer connections, and a mix of occupied and vacant status.
Where is this duplex located?
The property is located at 121 Lincoln Street Klamath Falls, OR.
What is the asking price?
The asking price for this property is $347,211.
What are key features of this property?
This property features: Two units, each with 3 bedrooms; 1,944 square feet; built in 1981; Roof is less than 2 years old; exterior paint is approximately 1 year old
