Great investment opportunity. 10 unit complex that has undergone many updates and remodeling. 2 bed/1 bath unit is fenced and gated and currently occupied by the rental manager. Two 4-plex apartment buildings are gated with audio/video surveillance for security. Rent includes water, sewer & garbage. Avista natural gas is stubbed out to all buildings so it can be easily utilized.
Active
$850,000
323 Commercial St, Klamath Falls, OR 97601
4beds
4,320sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$197/sqft
$-- HOA
What's special
- 94 days
- 117
- 4
Zillow last checked:
Listing updated:
Listed by:
Keller Williams Realty Southern Oregon 541-608-0447
Source: Oregon Datashare,MLS#: 220224660
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
Heating
- Ductless, Electric, Zoned
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Range, Range Hood, Refrigerator, Water Heater
Features
- Laminate Counters, Shower/Tub Combo
- Flooring: Laminate
- Windows: Double Pane Windows, Vinyl Frames
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: 1 Common Wall,2+ Common Walls,No Common Walls,No One Above,No One Below
Interior area
- Total structure area: 4,320
- Total interior livable area: 4,320 sqft
Property
Parking
- Parking features: Asphalt, Driveway, On Street, Workshop in Garage
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered Deck, Rear Porch
- Fencing: Fenced
- Has view: Yes
- View description: City, Mountain(s), Neighborhood
Lot
- Size: 0.25 Acres
- Features: Level
Details
- Additional structures: Shed(s), Storage
- Parcel number: 414956
- Zoning description: LI
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Block, Brick, Frame
- Foundation: Block, Pillar/Post/Pier
- Roof: Composition
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public, Water Meter
Community & HOA
Community
- Features: Park
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Klamath Falls -Railroad Addition
HOA
- Has HOA: No
Location
- Region: Klamath Falls
Financial & listing details
- Price per square foot: $197/sqft
- Tax assessed value: $715,550
- Annual tax amount: $5,068
- Date on market: 7/4/2026
- Cumulative days on market: 94 days
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Price change | $850-10.5% |
Source: Zillow Rentals Report a problem | ||
| 8/3/2026 | Price change | $950-13.6% |
Source: Zillow Rentals Report a problem | ||
| 7/4/2026 | Listed for sale | $850,000+41.7%$197/sqft |
Source:  Oregon Datashare #220224660 Report a problem | ||
| 6/30/2026 | Price change | $1,100+22.2% |
Source: Zillow Rentals Report a problem | ||
| 6/26/2026 | Listed for rent | $900 |
Source: Zillow Rentals Report a problem | ||
| 2/14/2023 | Sold | $600,000+9.1%$139/sqft |
Source: Oregon Datashare #220157960 Report a problem | ||
| 1/29/2023 | Pending sale | $550,000$127/sqft |
Source: Oregon Datashare #220157960 Report a problem | ||
| 1/27/2023 | Listed for sale | $550,000$127/sqft |
Source: Oregon Datashare #220157960 Report a problem | ||
| 1/24/2023 | Pending sale | $550,000$127/sqft |
Source: Oregon Datashare #220157960 Report a problem | ||
| 1/20/2023 | Contingent | $550,000$127/sqft |
Source: Oregon Datashare #220157960 Report a problem | ||
| 1/12/2023 | Listed for sale | $550,000+175%$127/sqft |
Source: Oregon Datashare #220157960 Report a problem | ||
| 10/7/2016 | Sold | $200,000$46/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,068 +2.4% | $295,960 +3% |
| 2024 | $4,950 +4.1% | $287,340 +3% |
| 2023 | $4,753 +2% | $278,980 +3% |
| 2022 | $4,658 +60.4% | $270,860 +58.7% |
| 2021 | $2,905 +2% | $170,680 +3% |
| 2020 | $2,849 +2.6% | $165,710 +3% |
| 2019 | $2,776 -0.1% | $160,890 |
| 2018 | $2,780 | $160,890 +176.4% |
| 2017 | $2,780 +219.1% | $58,200 +3.7% |
| 2016 | $871 | $56,100 -26.2% |
| 2015 | $871 -26.7% | $76,030 -48% |
| 2014 | $1,188 -43.5% | $146,260 -6.4% |
| 2013 | $2,103 -12.8% | $156,210 +1.9% |
| 2011 | $2,411 +1.1% | $153,230 |
| 2010 | $2,386 +2.1% | $153,230 +6.1% |
| 2009 | $2,337 +3.6% | $144,440 |
| 2008 | $2,256 +85.2% | $144,440 +18.6% |
| 2007 | $1,218 +4.1% | $121,784 +4.1% |
| 2006 | $1,170 | $116,966 +63% |
| 2004 | -- | $71,740 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 97601
Nearby schools
Schools provided by the listing agent
- Middle: Ponderosa Middle
- High: Klamath Union 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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