18

Klamath Falls, OR Multifamily Homes & Duplexes for Sale

Section Image
  • /49

    $539,000

    531 N 11th St, Klamath Falls, OR 97601

    Turnkey 5-Unit Investment Opportunity!This well-maintained two-building apartment complex offers a consistent rental history and strong net income. Featuring two 2-bed/1-bath units and three 1-bed/1-bath units, each with separate electric meters, this property is ideal for investors seeking reliable cash flow. Recently updated units, upgraded electricial panals, shared coin-operated laundry,

    Jody Carter Windermere Real Estate Kf

    531 N 11th St, Klamath Falls, OR 97601
  • /29

    $275,000

    • 1,280 Sq Ft

    526 N 9th St Unit 526 and 528, Klamath Falls, OR 97601

    Great opportunity to acquire a turnkey Klamath Falls residential duplex as an excellent investment for someone looking to secure an income-generating asset with potential for growth. Long term rental history with great tenants in place. Klamath Falls is a strong rental market with low vacancies and increasing rents suggest stable and potentially lucrative rental market. Conveniently located close

    Heather MacDowall Keller Williams Realty Central Oregon

    526 N 9th St Unit 526 and 528, Klamath Falls, OR 97601
  • /34

    $339,900

    • 2,448 Sq Ft

    72 Pine St, Klamath Falls, OR 97601

    Incredible investment or owner-occupant opportunity! This turn-key duplex is located in the heart of Downtown Klamath Falls and offers beautiful views of Lake Ewauna. Each unit features 2 bedrooms, 1 bathroom, and a spacious bonus room, providing plenty of living space or flexibility for an office, playroom, or guest area. Both sides include an attached garage for convenience and storage. Enjoy

    Travis Baker Windermere Real Estate Kf

    72 Pine St, Klamath Falls, OR 97601
  • /16

    $500,000

    • 2,620 Sq Ft

    3614 Summers Ln, Klamath Falls, OR 97603

    New Siding and freshly painted Multifamily income properties Located in an area close to schools and restaurants This property features two duplex units for a total of 4 doors! Each unit features a Living Room, Eat in Kitchen, Laundry Room, Original Built-ins that offer plenty of storage, updated bathroom and a nice sized bedroom. Plenty of parking space as well as 4 individual garages. Currently

    Laura Knight Keller Williams Realty Southern Oregon

    3614 Summers Ln, Klamath Falls, OR 97603
  • /9

    $200,000

    • 1,868 Sq Ft

    1443 Oregon Ave, Klamath Falls, OR 97601

    Unique opportunity in Klamath Falls! Two homes on one lot: one home has two bedrooms and one bath, the other has one bedroom and one bath, sold as-is. Perfect for investors, rental income, or multi-generational living. Convenient location at 1443 Oregon Ave & 912 Fulton St. Don't miss this versatile property!

    Erica Abel Infinity Real Estate Group-Keller Williams Realty Southern Oregon

    1443 Oregon Ave, Klamath Falls, OR 97601
  • /18

    $789,000

    • 5,160 Sq Ft

    2105 Holly Ave, Klamath Falls, OR 97601

    Welcome to 2105 thru 2113 Holly Ave, an eight (8) unit apartment building centrally located in Klamath Falls, Oregon. A rare public offering of an 8 plex near downtown. This property presents the opportunity to step into an established income producing asset/value add situation. Geothermal well providing heat and hot water system throughout. Low heating costs can pass savings onto tenants. The

    Alan Pfeiffer Sellers Realty

    2105 Holly Ave, Klamath Falls, OR 97601
  • /5

    $280,000

    • 2,603 Sq Ft

    42 Pine St, Klamath Falls, OR 97601

    Great investment opportunity! This two-level triplex with a separate built ADU offers strong rental income potential. The upper unit at 42 Pine Street features 2 bedrooms and 1 bath, while the lower unit at 120 Ewauna has 2 bedrooms, 1 bath, and was recently refreshed with new flooring, counters, sink, and a gas fireplace. The detached ADU at 124 Ewauna is a 1-bedroom, 1-bath unit with access to

    Jill Russel eXp Realty LLC.

    42 Pine St, Klamath Falls, OR 97601
  • /39

    $230,000

    • 2 Beds
    • 1 Bath
    • 1,054 Sq Ft

    636 Roseway Dr, Klamath Falls, OR 97601

    Step into timeless charm with this 1931 home nestled on a generous 0.17-acre lot. Featuring 2 bedrooms, 1 bathroom, and 1,054 sq. ft. of living space and a partial basement, this home offers comfort, character, and room to grow.Enjoy the outdoors with a fully fenced yard, large back deck, and expansive backyard—ideal for gardening, play, or entertaining with convenient alley access from Saint

    Jennifer Campbell MORE Realty

    636 Roseway Dr, Klamath Falls, OR 97601
  • /10

    $425,000

    • 4,682 Sq Ft

    114 S Williams Ave Unit 116, Klamath Falls, OR 97601

    Exceptional investment in the heart of Klamath Falls - two income-producing properties on one lot, both fully occupied and professionally managed. Includes a spacious 3,808 SF duplex built in 1980, each unit offering 3 bedrooms, 1.5 baths, and generous living space, plus an 874 SF single-family home built in 1980 with 2 bedrooms and 1.5 baths. Current combined rent is $3,300/month with

    Greg Messick Realty Net of Central Oregon

    114 S Williams Ave Unit 116, Klamath Falls, OR 97601
  • /39

    $315,000

    • 2,575 Sq Ft

    632 N 10th St, Klamath Falls, OR 97601

    Income-producing multi-unit property with excellent rental history! 6.6% cap with low risk! 2,575 sq.ft. home on a 0.12-acre corner lot offers 3 furnished bedrooms, large upstairs suite, & a full downstairs apartment. Ground floor includes 3 large bedrooms with refinished oak floors, built-ins, porches, & shared baths. Basement bedroom has egress, utility sink, & exterior exit. Upstairs suite

    Nataliya Hamilton Coldwell Banker Holman Premier

    632 N 10th St, Klamath Falls, OR 97601
  • /73

    $375,000

    • 2,737 Sq Ft

    1146 Pine St, Klamath Falls, OR 97601

    Uniquely versatile property zoned commercial with residential use, offering endless possibilities in a prime downtown location! Spanning three levels, this distinctive building features two separate units and three full kitchens, providing flexibility for multi-use living, rental income, or business operations. The mid-level was previously used for commercial food prep—great for catering, retail,

    Danae Lasalle Fisher Nicholson Realty, LLC

    1146 Pine St, Klamath Falls, OR 97601
  • /64

    $475,000

    • 2,540 Sq Ft

    4429 Shasta Way, Klamath Falls, OR 97603

    Rare Opportunity-Versatile Triple-Income Property in Prime Location! Centrally located near medical facilities, shopping, & dining, this unique property offers exceptional flexibility & investment potential. Featuring 3 renovated 1-BR, 1-BA units, this is an ideal setup for multi-generational living, short or long-term rentals, or a live-work arrangement. Front building, formerly a retail space,

    Terri ONeill eXp Realty LLC.

    4429 Shasta Way, Klamath Falls, OR 97603
  • /8

    $275,000

    • 1,440 Sq Ft

    1724 Crest St, Klamath Falls, OR 97603

    Great investment opportunity. Three bedroom two bathroom manufactured home on 3 lots zoned ''RM'' Medium Density Residential. Live in the current home and build several more units on the .53 acres with water power, natural gas and sewer at the property. The home has a split floorplan with the master bedroom and bath (master bath has a Jacuzzi tub) on ne side and the other two bedrooms and bath

    Dennis Hall Keller Williams Realty Southern Oregon

    1724 Crest St, Klamath Falls, OR 97603
  • /16

    $1,200,000

    • 1 Sq Ft

    1604 Hope St, Klamath Falls, OR 97603

    13 space manufactured home park with 8 park owned units. One vacant space and all park owned units are occupied. Park provides water, sewer and trash. Units are in good condition. Some of the park owned units have newer a/c heat pump a/c. 8.5% capitalization rate.

    Jack Rookstool Rookstool Moden Realty Llc

    1604 Hope St, Klamath Falls, OR 97603
  • /12

    $1,000,000

    • 23 Baths
    • 10,752 Sq Ft

    224 S Broad St, Klamath Falls, OR 97601

    Don't miss your opportunity to purchase the White House! Located just blocks from downtown Klamath Falls & a quick commute to OIT, this 23 Unit value add investment opportunity features (1) 1 bed/1 bath unit & 22 studio's. Units are separately metered for power & the building features a laundry room in the basement along with space to create add'l tenant storage. 11 current vacancies provide the

    Jordan Sparks SMI REAL ESTATE

    224 S Broad St, Klamath Falls, OR 97601
  • /9

    $678,000

    • 4,080 Sq Ft

    2002 California Ave, Klamath Falls, OR 97601

    Duplex! Both units have separate single-car garages and their own fenced yards. Well-kept duplexes with good tenant histories. Call today for more details!

    Anita Matys Action Realty

    2002 California Ave, Klamath Falls, OR 97601
  • /8

    $350,000

    • 2,042 Sq Ft

    3320 Quarry St, Klamath Falls, OR 97601

    WOW , This is a one of a kind piece of property. It is in town and right off of HWY 97 N. A great ..82 acres of flat land and off a paved city road. A couple of homes that could be reestablished into housing units. Carport and a HUGE COVERED STORAGE AREA. Lots of level land for other uses. Call for more information.

    Valerie Morehouse Fisher Nicholson Realty, LLC

    3320 Quarry St, Klamath Falls, OR 97601
  • /22

    $1,356,000

    • 7,840 Sq Ft

    1801 Thrall St, Klamath Falls, OR 97601

    Four Duplexes! Each unit is a 2BR/1BA unit with an attached garage for a total of 8 units. Well kept duplexes with good tenant history. Quiet location at the corner of California Ave and Thrall Street, each unit has its own fenced yard. All units have newer metal roofs. Quiet location near end of road, most homes in the area are owner occupied. Includes 2002 to 2010 California Ave.

    Anita Matys Action Realty

    1801 Thrall St, Klamath Falls, OR 97601

Why Live in Klamath Falls

Klamath Falls, Oregon, known as “Oregon’s City of Sunshine,” is a small city in the high desert surrounded by mountains, rivers, and lakes. With over 300 days of sunshine annually, it offers a rural lifestyle where farming is integral to the culture. The city, home to around 21,000 residents, has major employers like Klamath Community College, Sky Lakes Medical Center, and retail outlets such as Walmart and Home Depot. Outdoor recreation is abundant, with more than two dozen parks covering over 600 acres, including Moore Park with rugged trails and waterfront views. The OC&E Woods Line State Trail provides a 100-mile path for bikers, walkers, and joggers, while Hogback Mountain and Spence Mountain offer challenging hikes. Homes in Klamath Falls are primarily early and mid-20th century styles, including Craftsman, ranch-style, cottages, and cabins, often with scenic views. Downtown features cozy cafes, local shops, and historic brick buildings. Grocery shopping is convenient with chains like Fred Meyer and regional stores such as Sherm’s Thunderbird Market. Crosspoint Christian School is a highly rated private K-12 option. U.S. Route 97 connects residents to Northern California and other Oregon cities, and Amtrak services are available at Klamath Falls Station. The city’s proximity to rivers and lakes makes it susceptible to flooding during heavy rainfalls and major storms, and the area is at risk for wildfires, which have intensified in recent years.

Home Trends in Klamath Falls, OR

Housing Trends

Median Sale Price
$379,900
Median Single Family Sale Price
$559,850
Median 2 Bedroom Sale Price
$199,900
Average Price Per Sq Ft
$279
Number of Homes for Sale
17
Last 12 months Home Sales
65
Months of Supply
3.10
Median List Price
$568,500
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-5%
How to Buy a Home How to Finance a Home How to Sell a Home