Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 
Listing provided courtesy of Windermere Real Estate Kf- MLS# 220217195MLS Provider

531 N 11th StreetKlamath Falls, OR 97601

Multi-Family · 4,105 Sq. ft. | 0.13 Acres
$545,000 Active

531 N 11th Street Overview

Time on Site:
106 days
Visits:
0

Turnkey 5-Unit Investment Opportunity! This well-maintained two-building apartment complex offers a consistent rental history and strong net income. The property features two 2-bed/1-bath units and three 1-bed/1-bath units, each with separate electric meters--ideal for investors seeking reliable cash flow. Recent improvements include updated units and upgraded electrical panels, along with a shared coin-operated laundry and four garage parking spaces. Conveniently located just minutes from Oregon Institute of Technology, Sky Lakes Medical Center, and downtown Klamath Falls, the property provides excellent access to major employment centers and everyday amenities, helping support strong and consistent rental demand. 2025 net income exceeded $42K. With solid cash flow and long-term appreciation potential, this is a rare opportunity to own a profitable, low-maintenance multi-family investment.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

531 N 11th Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,105
  • Price/Sq.ft. $133
  • Lot 0.13 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • Elementary School: Pelican Elem
  • Middle Or Junior School: Ponderosa Middle
  • High School: Klamath Union High School

Building Information

  • New Construction: false
  • Year Built: 1930

Location/Region

  • County Or Parish: Klamath
  • Subdivision Name: Klamath Falls -Nichols Addition

Tax Information

  • Tax Annual Amount: 3757.63
  • Tax Year: 2025

General Information

  • Exclusions: Tenant belongings
  • Inclusions: All owner owened kitchen appliances
  • Listing Terms: Cash,Conventional
  • Parcel Number: 369808
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Special Listing Conditions: Standard

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Other
  • Building Area Total: 4105.0

General Information

  • Appliances: Dishwasher,Disposal,Dryer,Oven,Range,Range Hood,Refrigerator,Washer,Water Heater
  • Basement: Full,Unfinished
  • Common Walls: 1 Common Wall,2+ Common Walls
  • Fireplace Features: Living Room,Wood Burning
  • Fireplace: true
  • Flooring: Carpet,Tile,Vinyl,Other
  • Foundation Details: Block,Concrete Perimeter,Slab
  • Interior Features: Ceiling Fan(s),Laminate Counters,Linen Closet,Shower/Tub Combo
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
  • Window Features: Aluminum Frames,Vinyl Frames

Exterior

Parking Information

  • Parking Features: Attached,Detached,Garage Door Opener,On Street,Shared Driveway

Lot Information

  • Additional Parcels: false
  • Lot Features: Level
  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Square Feet: 5662.8
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

  • View: Neighborhood

Building Exterior/Construction

  • Architectural Style: Craftsman
  • Attached Garage: true
  • Construction Materials: Frame
  • Roof: Composition,Rolled/Hot Mop

General Information

  • Number Of Units Total: 5
  • Road Frontage Type: Shared Access
  • Sewer: Public Sewer

531 N 11th Street Neighborhood

Community

97601 (Klamath Falls) Demographics

41
Median Age
39
Population Density (per sq. mile)
33%
College Educated
$45,392
Estimated Median Income
5,687
Estimated Total Home Owners
4,420
Estimated Total Renters
56% / 44%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

531 N 11th Street Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

531 N 11th Street Market Data

Based on the last 30 days in this zip code

$452,158
Average List Price
$218
Average Price per Square Foot
34
Properties Sold
111
Average Days on Market
234
Properties for Sale
Calculations provided by Reliance Network

531 N 11th Street History

Date Event Value Agent
3/16/2026Source: Oregon Datashare Added to Database
March 16, 2026