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Listing provided courtesy of Windermere Van Vleet & Assoc2- MLS# 220214847MLS Provider

917 E Main StreetKlamath Falls, OR 97601

Commercial · 12,742 Sq. ft. | 0.40 Acres
$645,000 Active

917 E Main Street Overview

Time on Site:
145 days
Visits:
6

Value-add mixed-use investment with strong income and upside potential. Located on a 17,424 square foot lot, this 12,742 square foot property features four ground-level commercial units and eight residential apartments, supported by ample on-site parking. Currently, four residential units generate $37,272 in annual gross income. With lease-up of remaining apartments at an estimated $900/month and stabilization of commercial space at approximately $0.75 per square foot, projected gross income increases to $127,000 annually. The commercial units offer immediate improvement potential through clean-up and cosmetic updates, enhancing tenant appeal and rental rates. Additionally, the property may offer future redevelopment or full residential conversion potential (buyer to verify), creating further opportunities for appreciation and long-term cash flow. Ideal for investors seeking a scalable asset with multiple exit strategies and strong near-term and long-term returns.

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917 E Main Street Facts & Features

  • Type Commercial
  • Sq. ft. 12,742
  • Price/Sq.ft. $51
  • Lot 0.40 Acres

Details

General

Income/Expenses

  • Gross Income: 76848.0
  • Net Operating Income: 41291.0
  • Operating Expense: 35557.0

Building Information

  • New Construction: false
  • Year Built: 0

Location/Region

  • County Or Parish: Klamath

Rent/Lease Information

  • Tenant Pays: Electricity,Sewer

Tax Information

  • Tax Annual Amount: 7832.41
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 612938
  • Property Type: Commercial Sale
  • Special Listing Conditions: Third Party Approval

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 12742.0

General Information

  • Common Walls: No Common Walls
  • Flooring: Carpet,Concrete,Vinyl
  • Foundation Details: Slab
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s)

Exterior

Parking Information

  • Parking Features: Asphalt,On Street,Parking Lot

Lot Information

  • Additional Parcels: false
  • Lot Features: Corner Lot,Level
  • Lot Size Acres: 0.4
  • Lot Size Area: 0.4
  • Lot Size Square Feet: 17424.0
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

  • View: Neighborhood,Territorial

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Brick,Frame
  • Roof: Membrane

General Information

  • Number Of Units Total: 12
  • Other Structures: Shed(s)
  • Sewer: Public Sewer

917 E Main 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.

917 E Main Street Monthly Cost

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$ %
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$
$
* 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.

917 E Main 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

917 E Main Street History

Date Event Value Agent
5/27/2026Source: Oregon Datashare Price Reduction
$645,000 -7.2%
3/24/2026Source: Oregon Datashare Status Change
Active
3/3/2026Source: Oregon Datashare Status Change
Pending
2/5/2026Source: Oregon Datashare Added to Database
February 05, 2026