Two-Unit
New
For Sale
$189,000
527 Upham, Klamath Falls, OR 97601
Both residences are occupied, and the sewer line has been replaced.
Property Size1,614 SF
Price / SF$117.10
Days on Market5
Property Features for 527 Upham
General Information
Standard status
Active
Size
1,614 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1922
Tenancy
Multi
Listing Agency:
Uslandco LLC
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 26 at 3:36PM
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 Uslandco LLC
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Investment Insights
Based on property information with market context.
Built in 1922, this duplex contains two residences. The upper unit at 527 Upham has 1,032 square feet, two bedrooms, and one bathroom; the lower unit at 527.5 Upham measures approximately 582 square feet. Both units are tenant-occupied. The sewer line was recently replaced.
The property is near downtown Klamath Falls, Oregon Tech, and nearby services.
The property is near downtown Klamath Falls, Oregon Tech, and nearby services.
Key Highlights
- Two tenant‑occupied residences
- Upper unit: 1,032 square feet, 2 bedrooms, and 1 bathroom
- Lower unit: approximately 582 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,155
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,100
$263.1K
Cap Rate 7%
$187,929
$187.9K
Cap Rate 9%
$146,167
$146.2K
Market Conditions
NOI Build-Up for 1,614 SF
Gross rent
$20.5K $12.72/SF
− Vacancy
−$1.7K −$1.08/SF
EGI
$18.8K $11.64/SF
− OpEx
−$5.6K −$3.49/SF
NOI
$13.2K $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%
$263,100
Cap Rate 7%
$187,929
Cap Rate 9%
$146,167
Alternative Uses
Best Use
Multifamily LT 5
$187.9K
$164.4K – $219.3K
NOI $13,155 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$166.4K
$145.6K – $194.1K
NOI $11,645 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$329.9K
$288.7K – $384.9K
NOI $23,093 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
651
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, and the sewer line has been replaced.
Where is this duplex located?
The property is located at 527 Upham Klamath Falls, OR.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Two tenant‑occupied residences; Upper unit: 1,032 square feet, 2 bedrooms, and 1 bathroom; Lower unit: approximately 582 square feet
