Bungalow Residential Income
For Sale
$207,000
2215 Applegate Avenue, Klamath Falls, OR 97601
The 1952 bungalow has electric service and wall-furnace heating.
Property Size1,228 SF
Days on Market121
Property Features for 2215 Applegate Avenue
General Information
Standard status
Active
Size
1,228 SF
Property subtype
Residential Income
Zoning
MD
Taxes and HOA fees
Annual Taxes
$1,559
Amenities
Electric, Wall Furnace
Neighborhood
No Garage
Bungalow
Building Details
Building Size
1,228 SF
Year Built
1952
Listing Agency:
Century 21 Showcase Realtors Inc
Listed By:
Stacey Moyles · License #201233566
(208) 851-1854
Source:
Evrealestate
Added: Jun 29
Changed: Oct 25
Last Checked: Oct 26 at 3:49PM
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 Century 21 Showcase Realtors Inc
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Investment Insights
Based on property information with market context.
This residential income property is a bungalow built in 1952, with electric service and wall-furnace heating. It has no garage and is zoned MD.
The property is located at 2215 Applegate Avenue in Klamath Falls, Oregon.
The property is located at 2215 Applegate Avenue in Klamath Falls, Oregon.
Key Highlights
- Bungalow‑style residential income property
- Built in 1952
- MD zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,860
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,200
$177.2K
Cap Rate 7%
$126,571
$126.6K
Cap Rate 9%
$98,444
$98.4K
Market Conditions
NOI Build-Up for 1,228 SF
Gross rent
$17.7K $14.40/SF
− Vacancy
−$1.6K −$1.28/SF
EGI
$16.1K $13.12/SF
− OpEx
−$7.2K −$5.90/SF
NOI
$8.9K $7.22/SF
Area
Klamath County, OR
Vacancy
8.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,200
Cap Rate 7%
$126,571
Cap Rate 9%
$98,444
Alternative Uses
Best Use
Apartment 5plus
$126.6K
$110.8K – $147.7K
NOI $8,860 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.0K
$219.6K – $292.8K
NOI $17,570 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
664
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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Frequently Asked Questions
What type of property is this?
Residential income property - The 1952 bungalow has electric service and wall-furnace heating.
Where is this residential income property located?
The property is located at 2215 Applegate Avenue Klamath Falls, OR.
What is the asking price?
The asking price for this property is $207,000.
What are key features of this property?
This property features: Bungalow‑style residential income property; Built in 1952; MD zoning
