1209 Carlyle St Klamath Falls, OR 97601
- Residential income homes
- 2,200 SF
Current Use by Public Records
- Residential income homes
Property Details for 1209 Carlyle St
- Year built
- 2024
- Property size
- 2,200 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a newly constructed, four-unit multifamily property located at 1209 Carlyle St, Klamath Falls, Oregon, 97601. Boasting a desirable location minutes from downtown, shopping, Oregon Institute of Technology, and Sky Lakes Medical Center, this property offers strong tenant demand. Built in 2024, the 2,200 square foot property sits on a 5,663 square foot lot and features a 7.31% cap rate with a current NOI of $53,724. Each of the four units, priced at $183,750 each, includes two bedrooms, and is equipped with modern amenities such as stainless steel appliances, in-unit stacked washer/dryer, smart TV, electric fireplace, and water-resistant flooring. Energy efficiency is maximized with a 5-star energy rating, AC, and heat mini-splits. Individual water and electric meters simplify management. The property also features low-maintenance landscaping, a large front deck, a fenced backyard, and covered off-street parking for all units. Currently 100% occupied with 12-month leases, this property offers significant rental income of $67,200 gross. The seller is providing a home warranty and an 18-month labor warranty from the builder with an accepted offer. The property is zoned MD and benefits from rent control exemption for the next 15 years, ensuring long-term stability and profitability. This turnkey investment is a rare find in Klamath Falls, offering a compelling combination of location, modern amenities, and strong financial performance. The approximate tax amount is available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Klamath Falls
- County
- Klamath
- State
- Oregon
- Longitude
- -121.783
- Latitude
- 42.2361
