$1,500,000

2236 3rd St Malin, OR 97632

Estimated payment $8,125/month

Total Views 2,795
-- Bed
-- Bath
9,912 Sq Ft
$151 Price per Sq Ft

Highlights

  • No Units Above
  • Traditional Architecture
  • Corner Lot
  • Territorial View
  • Engineered Wood Flooring
  • No HOA

About This Home

This investment opportunity offers a great potential for a steady income stream with the majority of units being two bedrooms. The old-style garages can provide additional storage space to attract potential tenants. The owner has already completed some of the needed capital repairs including a partial new roof and rehabilitation of several units.
The attractive brick construction and courtyard add to the property's appeal and can help in attracting tenants. The convenient location near parks, shopping, and restaurants can also make this property a beneficial rental option for many individuals. Additionally, the potential for owner financing can make the investment more accessible to interested buyers. Overall, this property presents a promising investment opportunity with potential for growth and a good return on investment. It may be worth considering for those looking to expand their real estate portfolio or generate passive income.

Listing Agent

Jennifer Frye

Action Realty License #201213507 Listed on: 09/22/2025

Co-Listing Agent

Anita Matys

Action Realty License #911200078

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,098

Year Built

  • Built in 1939

Lot Details

  • 0.72 Acre Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Native Plants
  • Corner Lot
  • Level Lot

Property Views

  • Territorial
  • Neighborhood

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Bathtub with Shower
  • 1-Story Property
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Cooktop

Flooring

  • Engineered Wood
  • Carpet
  • Laminate
  • Vinyl

Parking

  • Gravel Driveway
  • Shared Driveway
  • On-Street Parking

Schools

  • Malin Elementary School
  • Lost River High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Water Heater

Community Details

  • No Home Owners Association
  • 15 Units
  • Klamath Forest Estates Subdivision

Listing and Financial Details

  • Legal Lot and Block 4-12 / 43
  • Assessor Parcel Number 124074

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,098

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Architectural Style: Traditional
  • Directions: Corner of Third and Railroad
  • Unit Levels: One
  • Lot Size Acres: 0.72
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Multi Family
  • Road Frontage Type: Shared Access
  • Road Surface Type: Paved
  • Subdivision Name: Klamath Forest Estates
  • Year Built: 1939
  • Co List Office Mls Id: okAR
  • Co List Office Phone: 541-884-3367
  • Co List Office Phone: 541-884-3367
  • MLS Status: Active
  • General Property Information Elementary School: Malin Elem
  • General Property Information Middle Or Junior School: Check with District
  • General Property Information High School: Lost River High
  • General Property Information:Zoning2: R
  • General Property Information Audio Surveillance on Premises YN: No
  • Road Surface Type:Paved: Yes
  • View Neighborhood: Yes
  • View Territorial: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: 4-12
  • General Property Information New Construction YN: No
  • Appliances Refrigerators: Yes
  • Location Tax and Legal:Tax Block: 43
  • Flooring Laminate: Yes
  • Levels:One: Yes
  • Security Features:Smoke Detector(s): Yes
  • Architectural Style Traditional: Yes
  • Common Walls No One Above: Yes
  • Common Walls No One Below: Yes
  • Flooring:Vinyl: Yes
  • Utilities:Electricity Connected: Yes
  • Flooring:Carpet: Yes
  • Roof:Composition: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Flooring Simulated Wood: Yes
  • Common Walls 2 Common Walls: Yes
  • Special Features: None

Interior Features

  • Appliances: Cooktop, Oven, Range, Refrigerator, Water Heater
  • Has Basement: None
  • Flooring: Carpet, Laminate, Simulated Wood, Vinyl
  • Interior Amenities: Shower/Tub Combo
  • Appliances Range: Yes
  • Appliances:Oven: Yes
  • Interior Features ShowerTub Combo: Yes
  • Appliances:Cooktop: Yes

Exterior Features

  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Construction Type: Brick, Frame
  • Foundation Details: Concrete Perimeter
  • Lot Features: Corner Lot, Level, Native Plants
  • Roof: Composition
  • View: Neighborhood, Territorial
  • Lot Features:Level: Yes
  • Construction Materials:Frame: Yes
  • Lot Features:Corner Lot: Yes
  • Lot Features:Native Plants: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Parking Features: Driveway, Gravel, On Street, Shared Driveway
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • Parking Features:Gravel: Yes
  • Parking Features:Shared Driveway: Yes
  • Parking Features:On Street: Yes

Utilities

  • Cooling: None
  • Heating: Baseboard, Electric
  • Security: Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • HeatingYN: Yes
  • Water Heater: Yes
  • Heating:Electric2: Yes
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Malin Elem
  • High School: Lost River High
  • Middle Or Junior School: Check with District

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 31363.2
  • Parcel #: 124074
  • ResoLotSizeUnits: Acres
  • Zoning Description: R

Multi Family

  • Number Of Units Total: 15

Tax Info

  • Tax Annual Amount: 3097.88
  • Tax Block: 43
  • Tax Lot: 4-12
  • Tax Year: 2025

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2025 09/22/25 For Sale $1,500,000 -- $151 / Sq Ft
Source: Oregon Datashare

About the Listing Agent

Jennifer Frye
Jennifer Frye

Action Realty

(541) 249-7826

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Source: Oregon Datashare

MLS Number: 220209606

Oregon Datashare
Oregon Klamath County Malin 97632

2236 3rd St, Malin, OR

For Sale

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Jennifer Frye
Jennifer Frye
Listing Agent Section Image
Action Realty
(541) 249-7826