Excellent investment opportunity in the Hot Springs area of Klamath Falls! This charming six-plex has geothermal heat and features six well-maintained 1-bedroom, 1-bathroom units, each approximately 770 sq. ft. Recent updates give each unit a fresh and inviting feel, with strong rental history and professional property management already in place. Ideally located near Oregon Tech and Sky Lakes Medical Center, making it attractive to consistent tenant demand. Laundry facility on site. Separate power meters. The sale includes the adjacent lot to the south, providing additional parking for tenants. Good income with an unbeatable central location close to the college and hospital, this is a smart addition to any investment portfolio!
Closed
$500,000
1928 Erie St, Klamath Falls, OR 97601
4beds
3,858sqft
Multi Family
Built in 1929
-- sqft lot
$501,300 Zestimate®
$130/sqft
$1,774 Estimated rent
Home value
$501,300
$396,000 - $637,000
$1,774/mo
Zestimate® history
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$2,933/mo
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List your homeWhat's special
Geothermal heatRecent updatesAdditional parking for tenantsLaundry facility on site
Zillow last checked:
Listing updated:
Listed by:
Windermere Real Estate Kf 541-885-4400
Bought with:
Fisher Nicholson Realty, LLC
Source: Oregon Datashare,MLS#: 220210181
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
Heating
- Geothermal
Cooling
- None
Features
- Laminate Counters, Shower/Tub Combo
- Flooring: Carpet, Vinyl
- Windows: Double Pane Windows, Vinyl Frames
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,858
- Total interior livable area: 3,858 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 7,840 sqft
- Features: Corner Lot, Level
Details
- Additional parcels included: Adjacent lot to the south is included: Tax Lot:3809-028CD-07800
- Parcel number: 373642
- Zoning description: SF
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Membrane
Condition
- New construction: No
- Year built: 1929
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Klamath Falls
- Subdivision: Klamath Falls -Hot Springs Addition
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/20/2026 | Sold | $500,000-1.8%$130/sqft |
Source:  Oregon Datashare #220210181 Report a problem | ||
| 10/21/2025 | Pending sale | $509,000$132/sqft |
Source: Oregon Datashare #220210181 Report a problem | ||
| 10/4/2025 | Listed for sale | $509,000$132/sqft |
Source: Oregon Datashare #220210181 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: 0.5 mi
- 5/10Klamath Union High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Roosevelt Elem
- Middle: Ponderosa Middle
- High: Klamath Union High School
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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$501,300
2% more
+$10,026
With Zillow Showcase(estimated)
$511,326
- Oregon
- Klamath County
- Klamath Falls
- 97601
- 1928 Erie St
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