Craftsman
For Sale
$260,000
526 N 9th Street, Klamath Falls, OR 97601
Residential Income, Klamath Falls, OR
Property Size1,280 SF
Lot Size0.09 Acres
Price / SF$203.13
Days on Market111
Property Features for 526 N 9th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
A
Parking features
Driveway, Alley
Window features
Vinyl Frames
Interior features
Dual Flush Toilet(s), Laminate Counters, Walk-In Closet(s)
Appliances
Disposal, Dryer, Range, Range Hood, Refrigerator, Washer, Water Heater
Subdivision
Klamath Falls -Nichols Addition
Lot features
Level
Elementary school
Joseph Conger Elem
Middle school
Ponderosa Middle
High school
Klamath Union High School
Standard status
Active
APN
369568
Size
1,280 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1731
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Tile, Laminate
Building materials
Block, Frame
Roof type
Composition
Architectural style
Craftsman
Listing Agency:
Keller Williams Realty Central Oregon
(541) 585-3760
Listed By:
Heather MacDowall · License #201219247
(541) 699-8107
Added: May 6
Changed: Aug 19
Last Checked: Aug 24 at 4:06PM
MLS# 220220749
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.
Investment Insights
Based on property information with market context.
This Craftsman duplex includes 1,280 square feet and sits on a 0.09-acre lot. Built in 1920 with block and frame construction, the property features a composition roof. Interior finishes include laminate and tile flooring, laminate counters, walk-in closets, and dual flush toilets.
The home is equipped with electric baseboard heating and wall/window unit air conditioning. Appliances included are a disposal, dryer, range, range hood, refrigerator, washer, and water heater. Parking is provided via a driveway and alley access.
Utilities include public water and public sewer. The architectural style is Craftsman.
The home is equipped with electric baseboard heating and wall/window unit air conditioning. Appliances included are a disposal, dryer, range, range hood, refrigerator, washer, and water heater. Parking is provided via a driveway and alley access.
Utilities include public water and public sewer. The architectural style is Craftsman.
Key Highlights
- Craftsman duplex with 1,280 square feet on a 0.09‑acre lot
- Built in 1920 with block and frame construction and a composition roof
- Electric baseboard heating plus wall/window unit air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,433
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$208,660
$208.7K
Cap Rate 7%
$149,043
$149.0K
Cap Rate 9%
$115,922
$115.9K
Market Conditions
NOI Build-Up for 1,280 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.3K $12.72/SF
− Vacancy
−$1.4K −$1.08/SF
EGI
$14.9K $11.64/SF
− OpEx
−$4.5K −$3.49/SF
NOI
$10.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$208,660
Cap Rate 7%
$149,043
Cap Rate 9%
$115,922
Alternative Uses
Best Use
Multifamily LT 5
$149.0K
$130.4K – $173.9K
NOI $10,433 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$131.9K
$115.4K – $153.9K
NOI $9,235 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$261.6K
$228.9K – $305.2K
NOI $18,314 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,228
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Craftsman duplex with public water and sewer and driveway plus alley parking access.
Where is this duplex located?
The property is located at 526 N 9th Street Klamath Falls, OR.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Craftsman duplex with 1,280 square feet on a 0.09‑acre lot; Built in 1920 with block and frame construction and a composition roof; Electric baseboard heating plus wall/window unit air conditioning
