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Gated 10-Unit Apartment Complex
For Sale
$850,000

323 Commercial Street Klamath, Klamath Falls, OR 97601

Updated apartment property with gated buildings, surveillance, and water, sewer, and garbage included in rent.

Property SizeContact for details
Days on Market52

Property Features for 323 Commercial Street Klamath

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Utilities to Site Yes
Multifamily Units 10

Amenities

gated
audio/video surveillance
fenced
Electric
Ductless
Zoned
Wall/Window Unit(s)
Range
Range Hood
Refrigerator
Water Heater
Composition

Building Details

Buildings 2
Listing Agency: Keller Williams Realty Southern Oregon
Listed By: Eric Herrlich · License #201244558
Source: Kw
Added: Jul 5 Changed: Aug 24 Last Checked: Aug 24 at 3:17PM

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 Keller Williams Realty Southern Oregon

Investment Insights

Based on property information with market context.

This 10-unit apartment property includes two gated four-plex buildings and a separate two-bedroom, one-bath unit that is fenced and gated. The complex has received updates and remodeling, with electric service, ductless and wall or window units, zoned systems, ranges, range hoods, refrigerators, and water heaters among the listed features. The two four-plex buildings are equipped with audio and video surveillance. The manager currently occupies the two-bedroom unit, and rent includes water, sewer, and garbage. Avista natural gas is stubbed to all buildings, providing an existing connection for future use.

Key Highlights

  • 10‑unit apartment property with two four‑plex buildings and a separate 2 bed/1 bath unit
  • Two four‑plex buildings are gated and equipped with audio/video surveillance
  • Separate 2 bed/1 bath unit is fenced, gated, and occupied by the rental manager

Property Analytics

Current Use

Bonnie hazelnut annio ... Temple

Suggested Use

Top Pick HVAC Service Dental Office Carpet & Flooring Store (Bike/Boat/Book/etc) Store Home Appliance Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,323
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated apartment property with gated buildings, surveillance, and water, sewer, and garbage included in rent.
Where is this apartment building located?
The property is located at 323 Commercial Street Klamath Klamath Falls, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 10‑unit apartment property with two four‑plex buildings and a separate 2 bed/1 bath unit; Two four‑plex buildings are gated and equipped with audio/video surveillance; Separate 2 bed/1 bath unit is fenced, gated, and occupied by the rental manager
More about this property
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