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Klamath Falls, OR Multifamily Homes & Duplexes for Sale

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  • /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
  • /49

    $560,000

    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

    $129,900

    • 1,230 Sq Ft

    624 Mitchell St, Klamath Falls, OR 97601

    INVESTOR ALERT! This fixer-upper duplex is priced to sell! If you're willing to roll up your sleeves with this cosmetic fixer, you'll enjoy a cash-flowing duplex for years to come. It's no secret that Klamath Falls has a strong rental market. In addition, this property has value add opportunity with some major upside in equity. The Mitchell St duplex has a detached garage/shop and cute courtyard

    Travis Baker Windermere Real Estate Kf

    624 Mitchell St, Klamath Falls, OR 97601
  • /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
  • /31

    $205,000

    • 2,304 Sq Ft

    332 N 10th St, Klamath Falls, OR 97601

    Opportunity awaits! This home has multiple options for future use; with 3 bed and 1 bathroom upstairs & a 1 bed 1 bath downstairs this could easily be a great rental option. The garage has been turned into a finished space and could make a great studio apartment/AirBNB, etc. creating 3 opportunities. The driveway is HUGE, plenty of space for RV/boat storage, multiple cars or trucks, offering easy

    Kailyn Robnett Keller Williams Realty Southern Oregon

    332 N 10th St, Klamath Falls, OR 97601
  • /51

    $414,000

    • 1,942 Sq Ft

    5306 Cottage Ave, Klamath Falls, OR 97603

    Investors alert!! Take advantage of this opportunity to own a dual-income property; centrally located close to medical, shopping, schools, etc. TWO 2 bed 1 bath homes. Both houses have undergone extensive renovations! All new electrical, panels, plumbing, interior paint, exterior paint, kitchens & have bathrooms have been completely redone with walk-in tile shoes, granite counter tops throughout

    Kailyn Robnett Keller Williams Realty Southern Oregon

    5306 Cottage Ave, Klamath Falls, OR 97603
  • /16

    $1,500,000

    • 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. 7.56% 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. 12 current vacancies provide the

    Jordan Sparks SMI REAL ESTATE

    224 S Broad St, Klamath Falls, OR 97601
  • /47

    $589,000

    • 3,780 Sq Ft

    3617 La Marada Way Unit 3617,3621,3625,3629, Klamath Falls, OR 97603

    Very well maintained 4 plex in Sunset Village on a corner lot. Nice yards in front and back. Each unit has its own garage and back yard with storage/sheds. 1 of the units has had quite a few updates with paint, flooring and cabinets etc.. Front and backyards, nice open floor plan with 2 bed 1 bath in each unit. All have had long-time tenants which is why rents are lower than typical. 1 unit is

    Dayna Durant-Sellars Fisher Nicholson Realty, LLC

    3617 La Marada Way Unit 3617,3621,3625,3629, Klamath Falls, OR 97603
  • /20

    $1,795,000

    • 20,473 Sq Ft

    542 Riverside Dr, Klamath Falls, OR 97601

    Don't miss this rare opportunity to own a 13-unit multi family complex offering strong returns and long-term value. This property features 9 spacious 2 bed/1 bath units and 4 well-maintained 1 bed/1 bath units, along with 9 private garages-a highly desirable amenity for tenants. Currently, 12 of 13 units are occupied, ensuring immediate income for savvy investors. Located just minutes from

    Brooke Allen Century 21 Showcase, Realtors

    542 Riverside Dr, Klamath Falls, OR 97601
  • /19

    $400,000

    • 1,840 Sq Ft

    356 Division St, Klamath Falls, OR 97601

    Amazing investment opportunity with this fully rented 3-unit multifamily property. Includes 356 Division (2 bed, 1 bath, rented for $1,200), 353 Martin (1 bed, 1 bath, rented for $900), and 357 Martin (2 bed, 1 bath, rented for $975). All units have been recently updated with fresh interior paint, new flooring, new furnaces, and new windows. Property also features three garages. Great chance to

    Amy Logue eXp Realty, LLC

    356 Division St, Klamath Falls, OR 97601
  • /34

    $385,000

    • 1,886 Sq Ft

    2545 Darrow Ave, Klamath Falls, OR 97601

    One-of-a-kind property in the heart of Klamath Falls featuring a well-maintained 2-bedroom home plus a separate 1-bedroom apartment with kitchenette, walk-in closet, and private entry—ideal for rental income, multi-generational living, or a private guest suite. The main home offers spacious living areas, original oak floors, and granite kitchen counters. The detached shop is a dream setup with

    Amber Owings Selling Oregon Realty

    2545 Darrow Ave, Klamath Falls, OR 97601
  • /4

    $295,000

    • 1,696 Sq Ft

    3850 Madison St Unit 1 & 2, Klamath Falls, OR 97603

    Clean duplex located in the south suburbs near shopping and schools. Each unit features a single level floor plan with dining open to the living room. Separate kitchen and laundry area. 2 large bedrooms and 1 bathroom with tub shower surround and great storage space. These units also have separate yards a carport, gravel parking, and storage shed. *Appraisal on file supporting value, rents are

    Tillie Webb Infinity Real Estate Group-Keller Williams Realty Southern Oregon

    3850 Madison St Unit 1 & 2, Klamath Falls, OR 97603
  • /16

    $525,000

    • 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
  • /18

    $350,000

    • 1,941 Sq Ft

    1827 Summers Ln, Klamath Falls, OR 97603

    Recently renovated Located in the Pleasant View Tracks on Summers Lane this unique property features two houses on a single lot. The first home is a three-bedroom,one-bath while the second is a two-bedroom one-bath. Both homes boast fenced-in yards, providing privacy and outdoor space for tenants. Recent updates include new flooring and fresh paint enhancing their appeal. Each house has its

    Colleen Welsch Advanced Agent Group

    1827 Summers Ln, Klamath Falls, OR 97603
  • /8

    $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
$365,000
Median Single Family Sale Price
$559,850
Median 2 Bedroom Sale Price
$199,900
Average Price Per Sq Ft
$300
Number of Homes for Sale
18
Last 12 months Home Sales
55
Months of Supply
3.90
Median List Price
$568,500
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-8%
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