531 N 11th St Klamath Falls, OR 97601
Klamath Falls AreaEstimated payment $3,303/month
Highlights
- Craftsman Architecture
- No HOA
- Garage
- Pelican Elementary School Rated 9+
- Neighborhood Views
- Linen Closet
About This Home
Turnkey 5-Unit Investment Opportunity! This well-maintained two-building apartment complex offers a consistent rental history and strong net income. The property features two 2-bed/1-bath units and three 1-bed/1-bath units, each with separate electric meters--ideal for investors seeking reliable cash flow. Recent improvements include updated units and upgraded electrical panels, along with a shared coin-operated laundry and four garage parking spaces. Conveniently located just minutes from Oregon Institute of Technology, Sky Lakes Medical Center, and downtown Klamath Falls, the property provides excellent access to major employment centers and everyday amenities, helping support strong and consistent rental demand. 2025 net income exceeded $42K. With solid cash flow and long-term appreciation potential, this is a rare opportunity to own a profitable, low-maintenance multi-family investment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,758
Year Built
- Built in 1930
Lot Details
- 5,663 Sq Ft Lot
- 1 Common Wall
- Two or More Common Walls
- Level Lot
Home Design
- Craftsman Architecture
- Block Foundation
- Slab Foundation
- Frame Construction
- Rolled or Hot Mop Roof
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Ceiling Fan
- Wood Burning Fireplace
- Vinyl Clad Windows
- Aluminum Window Frames
- Living Room with Fireplace
- Neighborhood Views
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Oven
- Range with Range Hood
- Dishwasher
- Laminate Countertops
- Disposal
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- Linen Closet
- 4 Full Bathrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- Garage
- Garage Door Opener
- Shared Driveway
- On-Street Parking
Outdoor Features
- Patio
Schools
- Pelican Elementary School
- Ponderosa Middle School
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Baseboard Heating
- Water Heater
Listing and Financial Details
- Exclusions: Tenant belongings
- Legal Lot and Block 3809-029DC-06400 / 58
- Assessor Parcel Number 369808
Community Details
Overview
- No Home Owners Association
- 5 Units
- Klamath Falls Nichols Addition Subdivision
Amenities
- Laundry Facilities
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $3,758 | $219,420 | ||
| 2024 | $3,670 | $213,030 | ||
| 2023 | $3,524 | $213,030 | $0 | $0 |
| 2022 | $3,454 | $200,810 | $0 | $0 |
| 2021 | $3,319 | $194,970 | $0 | $0 |
| 2020 | $3,255 | $189,300 | $0 | $0 |
| 2019 | $3,171 | $183,790 | $0 | $0 |
| 2018 | $2,777 | $178,440 | $0 | $0 |
| 2017 | $2,768 | $178,440 | $0 | $0 |
| 2016 | $2,487 | $160,120 | $0 | $0 |
| 2015 | $2,835 | $183,510 | $0 | $0 |
| 2014 | $2,458 | $170,990 | $0 | $0 |
| 2013 | -- | $154,150 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/16/2026 03/16/26 | For Sale | $545,000 | +20.3% | $133 / Sq Ft | |
| 01/15/2021 01/15/21 | Sold | $453,000 | +0.7% | $226 / Sq Ft | View Prior Sale |
| 11/19/2020 11/19/20 | Pending | -- | -- | -- | |
| 11/12/2020 11/12/20 | For Sale | $450,000 | -- | $224 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $453,000 | Amerititle |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $75,000 | Commercial |
Source: Oregon Datashare
MLS Number: 220217195
APN: R369808
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© 2026 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed.
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