Respected custom home builder David Reid--known for quality homes in Running Y Ranch--has created something special in this classic 1920s residence. Thoughtfully remodeled and expanded, the home blends timeless character with modern comfort. Step onto the inviting covered concrete front porch and into a bright open floor plan designed for comfortable living and effortless entertaining. The spacious primary suite offers a beautifully appointed ensuite with double vanities and a custom tiled walk-in shower. Additional highlights include a dedicated laundry room, oversized garage with attached workshop, new cedar privacy fencing, abundant RV parking, and a large .50-acre parcel. Located directly across from desirable Shasta Elementary School and its public recreational facilities, this exceptional property offers the rare opportunity to enjoy a custom builder's craftsmanship, the charm of a classic home, and the convenience of one of Klamath Falls' most desirable neighborhood settings.
Active
$449,000
1948 Madison St, Klamath Falls, OR 97603
3beds
2baths
1,648sqft
Single Family Residence
Built in 1920
0.55 Acres Lot
$434,600 Zestimate®
$272/sqft
$-- HOA
What's special
- 65 days
- 380
- 30
Zillow last checked:
Listing updated:
Listed by:
Coldwell Banker Holman Premier 541-884-1343
Source: Oregon Datashare,MLS#: 220226406
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Oven, Range, Range Hood, Refrigerator
Features
- Breakfast Bar, Built-in Features, Double Vanity, Enclosed Toilet(s), Fiberglass Stall Shower, Linen Closet, Open Floorplan, Pantry, Primary Downstairs, Shower/Tub Combo, Stone Counters, Tile Shower, Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Carpet, Vinyl
- Windows: Double Pane Windows, Vinyl Frames
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,648
- Total interior livable area: 1,648 sqft
Property
Parking
- Total spaces: 2
- Parking features: Asphalt, Driveway, Garage Door Opener, RV Access/Parking, Workshop in Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Pool features: None
- Has view: Yes
- View description: Mountain(s), Neighborhood, Territorial
Lot
- Size: 0.55 Acres
- Features: Level
Details
- Parcel number: 511324
- Zoning description: RS
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New construction: No
- Year built: 1920
Details
- Builder name: Keller
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Access to Public Lands, Park, Playground
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Klamath Falls
Financial & listing details
- Price per square foot: $272/sqft
- Tax assessed value: $195,130
- Annual tax amount: $1,470
- Date on market: 8/3/2026
- Cumulative days on market: 65 days
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Road surface type: Paved
Estimated market value
$434,600
$413,000 - $456,000
$1,663/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/3/2026 | Listed for sale | $449,000$272/sqft |
Source:  Oregon Datashare #220226406 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,471 +2.7% | $119,740 +3% |
| 2024 | $1,433 +3.8% | $116,260 +3% |
| 2023 | $1,380 +2.6% | $112,880 +3% |
| 2022 | $1,345 +3.2% | $109,600 +3% |
| 2021 | $1,304 +37.9% | $106,410 +3% |
| 2020 | $945 +2.4% | $103,320 +3% |
| 2019 | $923 +2.8% | $100,320 +3% |
| 2018 | $897 | $97,400 +39.8% |
| 2017 | $897 +5.5% | $69,650 +3% |
| 2016 | $850 | $67,630 +3% |
| 2015 | $850 +2.6% | $65,660 +3% |
| 2014 | $829 +4.4% | $63,750 +3% |
| 2013 | $793 +12.3% | $61,890 +3% |
| 2012 | $706 +2.8% | $60,100 +3% |
| 2011 | $687 -24.9% | $58,360 -26.3% |
| 2010 | $915 +1.6% | $79,230 +6.1% |
| 2009 | $900 +6.1% | $74,690 +3% |
| 2008 | $848 +3.2% | $72,520 -11.8% |
| 2007 | $822 +1.6% | $82,214 +1.6% |
| 2006 | $809 | $80,923 -7.2% |
| 2004 | -- | $87,180 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 97603
Nearby schools
Schools provided by the listing agent
- Elementary: Shasta Elem
- Middle: Brixner Junior High
- High: Mazama High
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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