Klamath Falls, OR Multifamily Properties for Sale

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Dairy, OR Keno, OR Bonanza, OR Merrill, OR Dorris, CA Malin, OR Tulelake, CA Macdoel, CA

19 properties

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Updated: Jul 29, 2025

Three-Level Live-Work Building

1146 Pine Street, Klamath Falls, OR 97601

$375,000

2,737 sqft 0.11 AC lot

Three‑level building with commercial zoning and residential use, with two separate units and three full kitchens
ADA‑accessible ramp to the main entrance, with an accessible approach including a ramp
Public utilities: public water and public sewer
Metal roof; frame construction with interior finishes including vinyl, tile, and carpet flooring
Electric heating with wall/window AC and window unit cooling

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This listing looks promising.

Here's a quick look at some key insights for

1146 Pine Street, Klamath Falls, OR 97601

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Est. Cap Rate

7.4%
Above avg (5.9%)
Est. NOI

$28K
Annual
Price @ 7% Cap

$394K
Above asking

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Updated: May 18

New Multifamily Investment Opportunity

Klamath Falls, OR 97601

$729,000

2,360 sqft 0.12 AC lot

Under construction single‑story four‑unit multifamily property in Klamath Falls
Anticipated completion in August 2026; year built 2026
Proforma cap rate of over 7% (per provided proforma)
Composition roof
Includes a one‑year builder warranty

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Two-Unit Duplex Investment

925 Fulton Street, Klamath Falls, OR 97601

$309,000

1,600 sqft 0.12 AC lot

Duplex on 0.12 acres with two 2-bedroom, 1-bath units near downtown Klamath Falls.

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Three-Bedroom Duplex Income Property

121 Lincoln Street, Klamath Falls, OR 97601

$357,211

1,944 sqft 0.12 AC lot

Well-kept duplex features three bedrooms per unit and in-unit washer/dryer hookups for tenant convenience.

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New Multifamily Investment Property

1433 Lakeview Avenue, Klamath Falls, OR 97601

$729,000

2,360 sqft

New four-unit multifamily property in Klamath Falls, Oregon.

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Klamath Falls Multifamily Property

118 Nevada Street, Klamath Falls, OR 97601

$295,000

1,620 sqft 0.15 AC lot

Well-maintained Klamath Falls multifamily property with reliable tenants.

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Craftsman Residential Duplex

526 N 9th Street, Klamath Falls, OR 97601

$260,000

1,280 sqft 0.09 AC lot

Duplex for sale near downtown amenities and major employers, offering a simple two-unit residential income setup.

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Duplex with Two Rental Units

2215 Applegate Avenue, Klamath Falls, OR 97601

$215,000

1,228 sqft 0.14 AC lot

Duplex built in 1952 offers two separate rental units under MD zoning, suitable for investors or owner-occupants.

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Age-Restricted Manufactured Home & RV Park

11800 Tingley Ln, Klamath Falls, OR 97603

$3,700,000

39.09 AC lot

A 55+ manufactured home community with 40 sites and 14 long-term RV spaces around Tingley Lake.

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Rental Property with Three Manufactured Homes

6640 Redding Street, Klamath Falls, OR 97603

$290,000

1,100 sqft 0.29 AC lot

For sale featuring three manufactured homes with individual driveways, carports, sheds, and fencing plus a large shop with lift.

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Klamath Falls Income Property

2539 Kane Street, Klamath Falls, OR 97603

$359,000

1,220 sqft 1.10 AC lot

Income-producing property with two homes on a spacious lot.

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Mixed-Use Income Property

917-925 E Main Street, Klamath Falls, OR 97601

$695,000

12,742 sqft 0.40 AC lot

Mixed-use building with four ground-floor retail units and eight second-floor apartments, with ample on-site parking.

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Shasta Glen Manufactured Housing Community

4647 Winter Ave, Klamath Falls, OR 97603

$6,900,000

13.66 AC lot

13.66-acre manufactured housing community in Klamath Falls, Oregon.

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Classic Klamath Falls Apartments

1120 Pine St, Klamath Falls, OR 97601

$1,040,000

Renovated 16-unit apartment building in Klamath Falls' downtown.

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Two-Unit Duplex with Garages

2055 Oregon Ave, Klamath Falls, OR 97601

$395,000

Duplex built in 2005 with two 2-car garages, each unit featuring 3 bedrooms and 1.5 baths.

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Four-Unit Duplex Investment

3614 Summers Ln, Klamath Falls, OR 97603

$465,000

Two duplex buildings totaling four occupied units, each with private entrances, parking, and a dedicated garage.

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Corner Lot Duplex with Parking

1600-1601 Crescent Avenue, Oretech, OR 97601

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Two well-kept homes on a corner lot, each with parking, including a basement and finished attic in the main unit.

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Duplex with Separate Garages

2008 California Ave, Klamath Falls, OR 97601

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Duplex offered with separate single-car garages for both units and appliances included, plus washer/dryer hook-ups.

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Quadplex Investment Property

524 12th Street 26, Klamath Falls, OR 97601

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For-sale quadplex with four separate units on individual meters and off-street parking.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 19 Active Listings in Klamath Falls, OR, we suggest to view alternatives - similar 47 Off-Market properties to explore as potential leads.

Off-Market Properties in Klamath Falls, OR

Consider similar Off-Market properties in Klamath Falls, OR. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

CAMPGROUND, RV PARK

2241 Greensprings Dr, Klamath Falls, OR 97601-5649

Unit 56

$3,050,000

Estimated value

9.90 AC lot

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CAMPGROUND, RV PARK

3646 Summers Ln, Klamath Falls, OR 97603-7455

Unit 9

Value Estimation by Request

1.49 AC lot

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CAMPGROUND, RV PARK

1663 Greensprings Dr Spc, Klamath Falls, OR 97601-5216

Unit 151

Value Estimation by Request

1,160 sqft 12.50 AC lot

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CAMPGROUND, RV PARK

4850 Wocus Rd, Klamath Falls, OR 97601-9381

Unit 39

Value Estimation by Request

1,500 sqft 4.84 AC lot

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CAMPGROUND, RV PARK

2055 Greensprings Dr, Klamath Falls, OR 97601-5555

Unit 17

Value Estimation by Request

2.36 AC lot

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Klamath Falls, OR Multifamily Properties Market Trends and Statistics

Explore 66 multifamily properties for sale in Klamath Falls, OR, showcased through 19 active listings on our real estate platform. These investment opportunities span a total of 30,191 square feet of properties for sale, with an estimated market value of $17,113,211.

Sale prices for multifamily properties in Klamath Falls, OR start at $215,000, averaging $1,069,575, and reaching up to $6,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 55K

Population Growth (5Y) -14.6%

Median Household Income $59,947

College Educated 32.8%

High-Yield Neighborhoods for Investment

Identify Klamath Falls submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
97601	$521.1K
97603	$1.7M

Taxes & Financing

Tax Rate (average for all types) 1.43%

Property Tax per SF $19.62 per SF

Tax Rate vs County Average 0.07 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Klamath County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Klamath County

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