INVESTOR ALERT!! Here's a great opportunity to add to your investment portfolio at a ''2 for 1'' price. OR, if you're looking to cut down on your housing expenses, live in one of the homes and rent out the other. AND the zoning designation of CG (commercial general), alongside this property's central location in town...again, you have options!
Both homes are in generally good shape. They are ''cosmetic fixers'' worst case. The primary 3 bed/2 bath house features new laminate flooring in the kitchen/dining, new exterior paint, a large bonus room, and central air.
The smaller 1 bed/1 bath ''back house'' features a full size kitchen, bathroom, separate driveway and carport. Both homes share the large .35 acre lot, with large shade trees great for hosting backyard bbq's!
The security of commercial businesses surrounding this property creates an overall safe and secure environment.
Schedule your walkthrough today!
Closed
$250,000
2221 Madison St, Klamath Falls, OR 97603
3beds
2baths
2,418sqft
Single Family Residence
Built in 1966
0.35 Acres Lot
$335,800 Zestimate®
$103/sqft
$2,058 Estimated rent
Home value
$335,800
$312,000 - $363,000
$2,058/mo
Zestimate® history
Owner options
List your home for rent
$2,058/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,058/mo
Rent Zestimate®
Refinance and save
$1,547/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,547/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Windermere Real Estate Kf 541-885-4400
Bought with:
Fisher Nicholson Realty, LLC
Source: Oregon Datashare,MLS#: 220150961
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Disposal, Dryer, Oven, Refrigerator, Washer, Water Heater
Features
- Flooring: Carpet, Laminate
- Windows: Vinyl Frames
- Basement: None
- Has fireplace: Yes
- Fireplace features: Great Room, Wood Burning
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,778
- Total interior livable area: 2,418 sqft
Property
Parking
- Parking features: Driveway, Gravel, RV Access/Parking
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Courtyard
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 0.35 Acres
Details
- Additional structures: Shed(s)
- Parcel number: R507561
- Zoning description: CG
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New construction: No
- Year built: 1966
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Klamath Falls
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/6/2026 | Listing removed | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/28/2026 | Listed for rent | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/10/2026 | Listing removed | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/29/2026 | Listed for rent | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/31/2025 | Listing removed | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/11/2025 | Listed for rent | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/29/2025 | Listing removed | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/21/2025 | Listed for rent | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/24/2024 | Listing removed | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/19/2024 | Listed for rent | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/3/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/31/2024 | Listed for rent | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/14/2023 | Sold | $250,000-5.7%$103/sqft |
Source:  Oregon Datashare #220150961 Report a problem | ||
| 5/22/2023 | Pending sale | $265,000$110/sqft |
Source: Oregon Datashare #220150961 Report a problem | ||
| 2/24/2023 | Price change | $265,000-1.8%$110/sqft |
Source: Oregon Datashare #220150961 Report a problem | ||
| 1/26/2023 | Price change | $269,900-1.9%$112/sqft |
Source: Oregon Datashare #220150961 Report a problem | ||
| 12/15/2022 | Price change | $275,000-5.1%$114/sqft |
Source: Oregon Datashare #220150961 Report a problem | ||
| 11/11/2022 | Price change | $289,900-1.7%$120/sqft |
Source: Oregon Datashare #220150961 Report a problem | ||
| 9/16/2022 | Price change | $294,900-1.7%$122/sqft |
Source: Oregon Datashare #220150961 Report a problem | ||
| 7/28/2022 | Listed for sale | $299,900+20%$124/sqft |
Source: Oregon Datashare #220150961 Report a problem | ||
| 10/5/2021 | Listing removed | -- |
Source: Oregon Datashare #220123847 Report a problem | ||
| 10/1/2021 | Price change | $250,000-16.7%$103/sqft |
Source: Oregon Datashare #220123847 Report a problem | ||
| 9/27/2021 | Price change | $300,000+20%$124/sqft |
Source: Oregon Datashare #220123847 Report a problem | ||
| 8/31/2021 | Price change | $249,900-2%$103/sqft |
Source: Oregon Datashare #220123847 Report a problem | ||
| 7/19/2021 | Listed for sale | $254,900+90.2%$105/sqft |
Source: Oregon Datashare #220123847 Report a problem | ||
| 9/29/2003 | Sold | $133,990$55/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,870 -38% | $155,290 +3% |
| 2023 | $3,015 +4.6% | $150,770 +3% |
| 2022 | $2,883 +69.9% | $146,380 +3% |
| 2021 | $1,697 -24.1% | $142,120 +3% |
| 2020 | $2,236 -8% | $137,990 +3% |
| 2019 | $2,430 -5.9% | $133,980 +3% |
| 2018 | $2,582 | $130,080 +3% |
| 2017 | $2,582 +74.6% | $126,300 +3% |
| 2016 | $1,479 | $122,630 +3% |
| 2015 | $1,479 -23.9% | $119,060 +3% |
| 2014 | $1,944 +1.3% | $115,600 +3% |
| 2013 | $1,919 +11.3% | $112,240 +6.1% |
| 2011 | $1,724 +1% | $105,810 |
| 2010 | $1,706 +22% | $105,810 +6.1% |
| 2009 | $1,399 -11% | $99,740 +3% |
| 2008 | $1,571 +26.5% | $96,840 -22% |
| 2007 | $1,242 +15.7% | $124,208 +15.7% |
| 2006 | $1,073 | $107,312 -19.6% |
| 2004 | -- | $133,490 |
Find assessor info on the county website
Neighborhood: 97603
Nearby schools
GreatSchools rating
- 5/10Shasta Elementary SchoolGrades: K-6Distance: 0.3 mi
- 4/10Henley Middle SchoolGrades: 7-8Distance: 3.9 mi
- 8/10Henley High SchoolGrades: 9-12Distance: 4.1 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$335,800
2% more
+$6,716
With Zillow Showcase(estimated)
$342,516
- Oregon
- Klamath County
- Klamath Falls
- 97603
- 2221 Madison St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Klamath Falls Topics
