For Sale
$463,000
1724 Lakeview Avenue, Klamath Falls, OR 97601
MD-zoned property near Sky Lakes Medical Center and Oregon Tech.
Property Size2,884 SF
Price / SF$160.54
Days on Market45
Property Features for 1724 Lakeview Avenue
General Information
Standard status
Active
Size
2,884 SF
Property subtype
Residential Income
Zoning
MD
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,984
Amenities
Ceiling Fan(s)
Spa/Hot Tub
Shower/Tub Combo
Building Details
Building Size
2,884 SF
Year Built
1993
Buildings
1
Stories
2
Units
2
Listing Agency:
Selling Oregon Realty
(541) 539-5487
Listed By:
Drew Seater
(541) 281-0811
Source:
Desertskyrealestate
Added: Sep 14
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 Selling Oregon Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,884-square-foot duplex was built in 1993 and carries MD zoning. Its two-unit configuration supports residential use, with the option to occupy one unit and rent the other described for the property.
Sky Lakes Medical Center and Oregon Tech are each less than five minutes away. The property is at 1724 Lakeview Avenue in Klamath Falls. Its historical cap rate is 7.8%.
Sky Lakes Medical Center and Oregon Tech are each less than five minutes away. The property is at 1724 Lakeview Avenue in Klamath Falls. Its historical cap rate is 7.8%.
Key Highlights
- 2,884‑square‑foot duplex built in 1993
- MD zoning
- Less than five minutes from Sky Lakes Medical Center and Oregon Tech
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,507
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,140
$470.1K
Cap Rate 7%
$335,814
$335.8K
Cap Rate 9%
$261,189
$261.2K
Market Conditions
NOI Build-Up for 2,884 SF
Gross rent
$36.7K $12.72/SF
− Vacancy
−$3.1K −$1.08/SF
EGI
$33.6K $11.64/SF
− OpEx
−$10.1K −$3.49/SF
NOI
$23.5K $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%
$470,140
Cap Rate 7%
$335,814
Cap Rate 9%
$261,189
Alternative Uses
Best Use
Multifamily LT 5
$335.8K
$293.8K – $391.8K
NOI $23,507 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$297.3K
$260.1K – $346.8K
NOI $20,808 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$589.5K
$515.8K – $687.7K
NOI $41,264 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
309
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - MD-zoned property near Sky Lakes Medical Center and Oregon Tech.
Where is this duplex located?
The property is located at 1724 Lakeview Avenue Klamath Falls, OR.
What is the asking price?
The asking price for this property is $463,000.
What are key features of this property?
This property features: 2,884‑square‑foot duplex built in 1993; MD zoning; Less than five minutes from Sky Lakes Medical Center and Oregon Tech
