Investor dream - This newly constructed (2024) quadplex in Klamath Falls, Oregon, offers a rare opportunity to own a modern multi-family property with exceptional returns.
Each of the four units boasts two spacious bedrooms and top-tier amenities, including a 5-star energy rating, AC and heat pump, stainless steel appliances, in-unit stacked washer/dryer combo, smart TV, cadet heaters, electric fireplaces, and water-resistant flooring. The property is designed for low-maintenance ownership, featuring durable landscaping, and a large front deck. All units include off-street covered parking and are separately metered for water and electric. The units are fully leased with 12-month contracts. This brand-new 2024 build generates $5,600 in monthly rental revenue.
Perfectly located just minutes from downtown Klamath Falls, shopping, Oregon Institute of Technology, and Sky Lakes Medical Center, this quadplex is highly desirable to tenants and a standout investment.
Closed
$660,000
1209 Carlyle St, Klamath Falls, OR 97601
8beds
2,160sqft
Quadruplex, Multi Family
Built in 2024
-- sqft lot
$658,600 Zestimate®
$306/sqft
$1,683 Estimated rent
Home value
$658,600
$507,000 - $850,000
$1,683/mo
Zestimate® history
Owner options
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$1,683/mo
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$1,683/mo
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$3,844/mo
Est. payment
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$3,844/mo
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Zillow last checked:
Listing updated:
Listed by:
Ninebark Real Estate 541-728-3009
Bought with:
Realty One Group Discovery
Source: Oregon Datashare,MLS#: 220198629
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 2
Heating
- ENERGY STAR Qualified Equipment, Other
Cooling
- ENERGY STAR Qualified Equipment, Heat Pump
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer, Water Heater
Features
- Smart Lock(s), Smart Light(s), Ceiling Fan(s), Solid Surface Counters, Vaulted Ceiling(s)
- Flooring: Laminate
- Windows: ENERGY STAR Qualified Windows, Vinyl Frames
- Basement: None
- Has fireplace: Yes
- Fireplace features: Gas
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,160
- Total interior livable area: 2,160 sqft
Property
Parking
- Parking features: Assigned, Attached Carport, Concrete, Driveway, On Street
- Has carport: Yes
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Has view: Yes
- View description: Neighborhood, Ridge
Lot
- Size: 5,662 sqft
- Features: Level
Details
- Parcel number: 895013
- Zoning description: MD
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Northwest
- Property subtype: Quadruplex, Multi Family
Materials
- Frame
- Foundation: Stemwall
- Roof: Composition
Condition
- New construction: No
- Year built: 2024
Details
- Builder name: L & L Real Estate Development LLC
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: Park
Location
- Region: Klamath Falls
- Subdivision: Klamath Falls -Fairview Addition No. 2
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/12/2026 | Listing removed | $1,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/12/2025 | Listed for rent | $1,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/11/2025 | Sold | $660,000-5.6%$306/sqft |
Source:  Oregon Datashare #220198629 Report a problem | ||
| 6/10/2025 | Pending sale | $699,000$324/sqft |
Source: Oregon Datashare #220198629 Report a problem | ||
| 5/17/2025 | Price change | $699,000-2.2%$324/sqft |
Source: Oregon Datashare #220198629 Report a problem | ||
| 4/2/2025 | Listed for sale | $715,000-0.4%$331/sqft |
Source: Oregon Datashare #220198629 Report a problem | ||
| 1/29/2025 | Listing removed | $718,000$332/sqft |
Source: Oregon Datashare #220188521 Report a problem | ||
| 1/13/2025 | Price change | $718,000-2.3%$332/sqft |
Source: Oregon Datashare #220188521 Report a problem | ||
| 8/20/2024 | Listed for sale | $735,000-2.6%$340/sqft |
Source: Oregon Datashare #220188521 Report a problem | ||
| 8/10/2024 | Listing removed | -- |
Source: Oregon Datashare #220187435 Report a problem | ||
| 8/1/2024 | Listed for sale | $755,000$350/sqft |
Source: Oregon Datashare #220187435 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 97601
Nearby schools
GreatSchools rating
- 8/10Roosevelt Elementary SchoolGrades: K-5Distance: 0.5 mi
- 5/10Ponderosa Junior High SchoolGrades: 6-8Distance: 1.3 mi
- 5/10Klamath Union High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Klamath Falls City Schools
Source: Oregon Datashare. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$658,600
2% more
+$13,172
With Zillow Showcase(estimated)
$671,772
- Oregon
- Klamath County
- Klamath Falls
- 97601
- 1209 Carlyle St
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