$360,000
SOLD SEP 24, 2024

240 E Main St Klamath Falls, OR 97601

-- Bed
-- Bath
2,231 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$161 Per Sq Ft

8 Days on Market

Highlights

  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window
  • 1-Story Property
  • No HOA
  • Tile Flooring
  • Wall Furnace

About This Home

As of September 2024

Welcome to 240 East Main Street, a four-unit apartment building centrally located in Klamath Falls, Oregon. A rare public offering of a fourplex near downtown, the property presents the opportunity to step into an established, upgraded, income-producing asset in Klamath Falls! The property consists of 4 units, all 1-bd/1-ba units. While retaining much of its original character, the property has been extensively remodeled and updated throughout the years. Three units are currently occupied, with the fourth being left vacant to allow an easy transition for an owner-occupant purchaser or allow a new owner to market the unit themselves. Extensive renovations in the recent years have made this property a nearly turn-key investment for the buyer. Sited on an efficient, easily accessible lot, the property enjoys an exceptional central location in Klamath Falls, close to OIT, Running Y, and Sky Lakes Medical Center. More info available - contact listing brokers!

Last Agent to Sell the Property

Caspian Hoehne

Merit Commercial RE, LLC License #201234073 Listed on: 07/30/2024

Co-Listed By

Chris Martin

Land Leader License #200706071

Last Buyer's Agent

Johnson Fast Tea Marissa Fast/Kendra Johns

Infinity Real Estate Group-Keller Williams Realty Southern Oregon License #200504166,200605275

Infinity Real Estate Group-Keller Williams Realty Southern Oregon

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,651

Year Built

  • Built in 1930

Lot Details

  • 5,227 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Quadruplex
  • Traditional Architecture
  • Frame Construction
  • Metal Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Vinyl Clad Windows

Flooring

  • Tile
  • Vinyl

Parking

  • Alley Access
  • Gravel Driveway
  • On-Street Parking

Schools

  • Mills Elementary School
  • Ponderosa Middle School
  • Klamath Union High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Exclusions: Tenant personal property.
  • Assessor Parcel Number R415651

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,651

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Architectural Style: Traditional
  • Unit Levels: One
  • Lot Size Acres: 0.12
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Quadruplex
  • Subdivision Name: N/A
  • Year Built: 1930
  • Co List Office Mls Id: oLLNW
  • Co List Office Phone: 866-559-3478
  • Co List Office Phone: 541-608-6704
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information Elementary School: Mills Elem
  • General Property Information Middle Or Junior School: Ponderosa Middle
  • General Property Information High School: Klamath Union High School
  • General Property Information:Zoning2: NC
  • General Property Information Audio Surveillance on Premises YN: No
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • General Property Information New Construction YN: No
  • Flooring:Tile: Yes
  • Levels:One: Yes
  • Architectural Style Traditional: Yes
  • Flooring:Vinyl: Yes
  • Utilities:Electricity Connected: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Common Walls 2 Common Walls: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile, Vinyl
  • Window Features: Vinyl Frames

Exterior Features

  • Common Walls: 2+ Common Walls
  • Construction Type: Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Metal
  • Exclusions: Tenant personal property.
  • ConstructionSiding:Roof Metal: Yes
  • Window Features:Vinyl Frames: Yes
  • Construction Materials:Frame: Yes

Garage/Parking

  • Parking Features: Alley Access, Gravel, On Street
  • Attached Garage: No
  • Parking Features:Gravel: Yes
  • Parking Features:On Street: Yes
  • Parking Features:Alley Access: Yes

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 5227.2
  • Parcel #: R415651
  • ResoLotSizeUnits: Acres
  • Zoning Description: NC
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1651.3
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2020
Sold by
Bouffard David B
Bought by
513 Alice Llc
Current Estimated Value
$365,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2016
Sold by
Kato Franck H
Bought by
Bouffard David B

Purchase Details

Listed on
Dec 1, 2015
Closed on
Jan 13, 2016
Sold by
U S Bank National Association
Bought by
Kato Franck H
Seller's Agent
Anita Matys
Action Realty
Buyer's Agent
Kristy Barrett
Action Realty
List Price
$30,000
Sold Price
$35,000
Premium/Discount to List
$5,000
16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.45%

Purchase Details

Closed on
Jun 18, 2015
Sold by
Andersen Susan E
Bought by
U S Bank National Association
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $260,000 Amerititle
Warranty Deed $260,000 Amerititle
Warranty Deed $50,000 Amerititle
Special Warranty Deed $35,000 Amerititle
Trustee Deed $76,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 New Conventional
Open $195,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2024 09/24/24 Sold $360,000 0.0% $161 / Sq Ft
08/08/2024 08/08/24 Pending -- -- --
07/30/2024 07/30/24 For Sale $360,000 +928.6% $161 / Sq Ft
02/09/2016 02/09/16 Sold $35,000 +16.7% $16 / Sq Ft
12/11/2015 12/11/15 Pending -- -- --
12/01/2015 12/01/15 For Sale $30,000 -- $13 / Sq Ft
Source: Oregon Datashare

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,720 $99,830 -- --
2023 $1,651 $99,830 $0 $0
2022 $1,619 $94,110 $0 $0
2021 $1,555 $91,370 $0 $0
2020 $1,525 $88,710 $0 $0
2019 $1,486 $86,130 $0 $0
2018 $1,386 $83,630 $0 $0
2017 $1,218 $78,510 $0 $0
2016 $1,219 $78,510 $0 $0
2015 $963 $62,220 $0 $0
2014 $1,063 $73,930 $0 $0
2013 -- $54,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Datashare

MLS Number: 220187292

Oregon Datashare

APN: R415651