Incredible opportunity for the savvy investor. Or you could live in one unit and let the other units pay your mortgage! This Downtown four-plex boasts 3 one-bedroom units with a 4th larger unit (has a bonus room/second bedroom) and a 180 SF garage. Each unit has its own electric & gas meter, & private entrances to their own fenced back yard. In January, the rents of the three 1-bedroom units are scheduled to be $2300 a month & the current larger owner's unit could rent for between $800-$900. The garage could also be rented out separately if desired. With possibilities for monthly rent being over $3100 in 2024, and at less than $125 per SF, this property really pencils! Property is only a 7 minute drive to OIT and Skylakes Hospital. Restaurants, coffee shops, parks, public transportation and a grocery store are all within blocks, making the location super convenient. Book your tour to see the owner's unit today!
Closed
$280,000
402 Market St, Klamath Falls, OR 97601
5beds
2,164sqft
Quadruplex, Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$129/sqft
$1,121 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,121/mo
Zestimate® history
Owner options
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$1,121/mo
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$1,121/mo
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$1,616/mo
Est. payment
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$1,616/mo
Est. payment
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Gas meterPublic transportationCoffee shops
Zillow last checked:
Listing updated:
Listed by:
Coldwell Banker Holman Premier 541-884-1343
Bought with:
Coldwell Banker Holman Premier
Source: Oregon Datashare,MLS#: 220171731
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 2
Heating
- Fireplace(s), Wall Furnace
Cooling
- None
Appliances
- Included: Cooktop, Range Hood, Refrigerator
Features
- Flooring: Carpet, Vinyl
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,164
- Total interior livable area: 2,164 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Fencing: Fenced
Lot
- Size: 6,534 sqft
- Features: Corner Lot
Details
- Parcel number: 415152
- Zoning description: LI
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Quadruplex, Multi Family
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Rolled/Hot Mop
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Klamath Falls
- Subdivision: Klamath Falls -Railroad Addition
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2023 | Sold | $280,000+4.1%$129/sqft |
Source:  Oregon Datashare #220171731 Report a problem | ||
| 10/2/2023 | Pending sale | $269,000$124/sqft |
Source: Oregon Datashare #220171731 Report a problem | ||
| 9/25/2023 | Listed for sale | $269,000+68.7%$124/sqft |
Source: Oregon Datashare #220171731 Report a problem | ||
| 8/6/2021 | Sold | $159,500$74/sqft |
Source: Oregon Datashare #220118715 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2017 | $1,616 +9.3% | $90,810 +3% |
| 2016 | $1,479 | $88,170 +5.8% |
| 2015 | $1,479 | $83,370 |
Find assessor info on the county website
Neighborhood: 97601
Nearby schools
GreatSchools rating
- 2/10Mills Elementary SchoolGrades: K-5Distance: 0.4 mi
- 5/10Ponderosa Junior High SchoolGrades: 6-8Distance: 0.7 mi
- 5/10Klamath Union High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Mills 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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- Oregon
- Klamath County
- Klamath Falls
- 97601
- 402 Market St
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