Live-Work Property with
3203 Old Midland Road, Klamath Falls, OR 97603
For Sale
$630,000
Commercial Sale, Klamath Falls, OR
Property Size3,573 SF
Lot Size8.97 Acres
Price / SF$176.32
Days on Market144
Property Features for 3203 Old Midland Road
General Information
Property type
Property subtype
Zoning description
Parking features
Patio and Porch features
Interior features
Exterior features
Lot features
View
Directions
Standard status
APN
Size
Lot size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Amenities
keg taps
woodstove
vehicle lift
carports
storage building
Building Details
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Additional Structures
Listing Agency:
Fisher Nicholson Realty, LLC
(541) 884-1717
Listed By:
Jerrie Reddell · License OR #910600113
(541) 891-5078
Added: Jun 25
Changed: Oct 31
Last Checked: Nov 15 at 4:06AM
MLS# 220224113
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 3,573-square-foot live-work property combines a three-bedroom, one-bath residence with adjoining commercial improvements on 8.97 acres. The home includes a bonus room, natural-gas heating, and central air conditioning. Commercial areas provide a second kitchen, two large retail or event rooms, 2.5 additional bathrooms, storage, and a vintage bar equipped with three keg taps. Interior finishes include carpet, vinyl, tile, and concrete flooring.
A large workshop with a vehicle lift is complemented by carports and a separate storage building. The property also includes a porch, fire pit, RV hookup, private well, septic tank, metal roofing, and a mix of radiant and forced-air heating. Located at 3203 Old Midland Road in Klamath Falls, the site is suited to a buyer seeking residential space alongside adaptable commercial facilities.
A large workshop with a vehicle lift is complemented by carports and a separate storage building. The property also includes a porch, fire pit, RV hookup, private well, septic tank, metal roofing, and a mix of radiant and forced-air heating. Located at 3203 Old Midland Road in Klamath Falls, the site is suited to a buyer seeking residential space alongside adaptable commercial facilities.
Key Highlights
- 8.97‑acre live‑work property with 3,573 square feet of improvements
- 3‑bedroom, 1‑bath residence with bonus room and central A/C
- Commercial areas include a second kitchen, two large retail/event rooms, and 2.5 additional baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,016
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,320
$720.3K
Cap Rate 7%
$514,514
$514.5K
Cap Rate 9%
$400,178
$400.2K
Market Conditions
NOI Build-Up for 3,573 SF
Gross rent
$60.0K $16.80/SF
− Vacancy
−$12.0K −$3.36/SF
EGI
$48.0K $13.44/SF
− OpEx
−$12.0K −$3.36/SF
NOI
$36.0K $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%
$720,320
Cap Rate 7%
$514,514
Cap Rate 9%
$400,178
Alternative Uses
Best Use
Office B
$514.5K
$450.2K – $600.3K
NOI $36,016 @ 7.0% cap · market cap 5.72%
Second Best
Specialty Retail
$500.8K
$438.2K – $584.3K
NOI $35,058 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$730.3K
$639.0K – $852.0K
NOI $51,122 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
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Business Placement
Demographics for 97603, OR
31,302
Population
13,568
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
91%
High-School Grad
340.6 sq mi
ZIP Area
92
Density / Sq Mi
$64,272
Median Household Income
$41,124
Median Earnings
$987
Median Rent
$251,100
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - Combined residential and commercial improvements support flexible live-work, retail, restaurant, or event uses.
Where is this live-work space located?
The property is located at 3203 Old Midland Road Klamath Falls, OR.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: 8.97‑acre live‑work property with 3,573 square feet of improvements; 3‑bedroom, 1‑bath residence with bonus room and central A/C; Commercial areas include a second kitchen, two large retail/event rooms, and 2.5 additional baths
