542 Riverside Dr Klamath Falls, OR 97601
Estimated payment $10,274/month
Highlights
- Contemporary Architecture
- Vinyl Flooring
- Heating System Uses Natural Gas
- No HOA
About This Home
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 downtown Klamath Falls, Oregon Institute of Technology, Sky Lakes Medical Center, and major shopping areas. this complex sits in a prime rental location with consistent demand. Whether your expanding your portfolio or entering the multi-family space, this investment checks all thew boxes. Call today-opportunities like this don't last long!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,295
Lot Details
- 0.47 Acre Lot
- No Common Walls
Parking
- Shared Driveway
Home Design
- Contemporary Architecture
- Block Foundation
- Frame Construction
- Composition Roof
Interior Spaces
- 2-Story Property
- Vinyl Clad Windows
- Aluminum Window Frames
- Cooktop
Flooring
- Laminate
- Vinyl
Utilities
- No Cooling
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
- 13 Units
- Klamath Falls West Subdivision
Listing and Financial Details
- Assessor Parcel Number 631196
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/08/2025 05/08/25 | For Sale | $1,795,000 | +154.2% | $88 / Sq Ft |
| 09/25/2019 09/25/19 | Sold | $706,250 | -11.7% | $76 / Sq Ft |
| 07/26/2019 07/26/19 | Pending | -- | -- | -- |
| 10/10/2018 10/10/18 | For Sale | $799,900 | +48.1% | $86 / Sq Ft |
| 07/27/2017 07/27/17 | Sold | $540,000 | -6.1% | $58 / Sq Ft |
| 06/06/2017 06/06/17 | Pending | -- | -- | -- |
| 03/29/2017 03/29/17 | For Sale | $575,000 | +9.5% | $62 / Sq Ft |
| 08/14/2013 08/14/13 | Sold | $525,000 | -8.7% | $56 / Sq Ft |
| 04/28/2013 04/28/13 | Pending | -- | -- | -- |
| 06/20/2012 06/20/12 | For Sale | $575,000 | -- | $62 / Sq Ft |
Source: Oregon Datashare
MLS Number: 220201338
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