Income-Producing Quadplex - Prime Investment Opportunity!
Looking for the perfect investment property? This quadplex is a rare find!
Unit 1 - Fully furnished and move-in ready!
Unit 2 - Under construction, with all the hard work done—just finish to your liking and rent out!
Units 3 & 4 - Occupied with tenants, generating steady rental income!
Each unit features 2 bedrooms, 1 bathroom, and access to a shared, fenced backyard, offering privacy and outdoor space for tenants.
This cash-flowing property is ready for its next owner—live in one, rent the others, or lease all four for maximum returns!
Don't miss this opportunity—schedule your showing today!
Closed
$425,000
506 Division St, Klamath Falls, OR 97601
8beds
2,622sqft
Quadruplex, Multi Family
Built in 1956
-- sqft lot
$426,200 Zestimate®
$162/sqft
$1,326 Estimated rent
Home value
$426,200
$337,000 - $541,000
$1,326/mo
Zestimate® history
Owner options
List your home for rent
$1,326/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,326/mo
Rent Zestimate®
Refinance and save
$2,454/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,454/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:
Keller Williams Realty Southern Oregon 541-608-0447
Bought with:
Keller Williams Realty Southern Oregon
Source: Oregon Datashare,MLS#: 220198264
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 2
Heating
- Electric
Cooling
- Other
Appliances
- Included: Cooktop, Dishwasher, Dryer, Oven, Range, Refrigerator, Washer, Water Heater
Features
- Open Floorplan
- Flooring: Simulated Wood
- Windows: Vinyl Frames
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,622
- Total interior livable area: 2,622 sqft
Property
Parking
- Parking features: Asphalt, On Street
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 9,583 sqft
- Features: Level
Details
- Parcel number: 480223
- Zoning description: A
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex, Multi Family
Materials
- Frame
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- New construction: No
- Year built: 1956
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: Mills
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/26/2025 | Sold | $425,000$162/sqft |
Source:  Oregon Datashare #220198264 Report a problem | ||
| 10/24/2025 | Pending sale | $425,000$162/sqft |
Source: Oregon Datashare #220198264 Report a problem | ||
| 6/9/2025 | Listing removed | $425,000$162/sqft |
Source: Oregon Datashare #220198264 Report a problem | ||
| 3/28/2025 | Listed for sale | $425,000$162/sqft |
Source: Oregon Datashare #220198264 Report a problem | ||
| 6/28/2019 | Listing removed | $700 |
Source: Rookstool Moden Realty LLC Report a problem | ||
| 6/13/2019 | Listed for rent | $700 |
Source: Rookstool Moden Realty LLC Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,805 +4.1% | $162,830 +3% |
| 2023 | $2,693 +2% | $158,090 +3% |
| 2022 | $2,640 +4.1% | $153,490 +3% |
| 2021 | $2,536 +3.1% | $149,020 +3% |
| 2020 | $2,461 +1.5% | $144,680 +3% |
| 2019 | $2,424 +14.2% | $140,470 +3% |
| 2018 | $2,123 +28.1% | $136,380 +8.4% |
| 2014 | $1,658 -8.4% | $125,810 +35.7% |
| 2013 | $1,809 -7.2% | $92,680 -25.1% |
| 2011 | $1,948 +1.1% | $123,820 |
| 2010 | $1,928 +2.1% | $123,820 +6.1% |
| 2009 | $1,889 +3.6% | $116,720 +3% |
| 2008 | $1,823 +4.2% | $113,330 -35.2% |
| 2007 | $1,749 +2.1% | $174,871 +2.1% |
| 2006 | $1,713 | $171,305 +54.5% |
| 2004 | -- | $110,850 |
Find assessor info on the county website
Neighborhood: 97601
Nearby schools
GreatSchools rating
- 2/10Mills Elementary SchoolGrades: K-5Distance: 0.2 mi
- 5/10Ponderosa Junior High SchoolGrades: 6-8Distance: 0.2 mi
- 5/10Klamath Union High SchoolGrades: 9-12Distance: 0.9 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 .
$426,200
2% more
+$8,524
With Zillow Showcase(estimated)
$434,724
- Oregon
- Klamath County
- Klamath Falls
- 97601
- 506 Division St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Klamath Falls Topics
