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Active
    • $545,000

    531 N 11th St, Klamath Falls, OR 97601

    6beds
    4,105sqft
    : 
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    Multi Family
    Built in 1930
    -- sqft lot
    $526,400 Zestimate®
    $133/sqft
    $-- HOA

    What's special

    Well-maintained two-building apartment complexUpdated unitsFour garage parking spacesShared coin-operated laundry
    Turnkey 5-Unit Investment Opportunity! This well-maintained two-building apartment complex offers a consistent rental history and strong net income. The property features two 2-bed/1-bath units and three 1-bed/1-bath units, each with separate electric meters--ideal for investors seeking reliable cash flow. Recent improvements include updated units and upgraded electrical panels, along with a shared coin-operated laundry and four garage parking spaces. Conveniently located just minutes from Oregon Institute of Technology, Sky Lakes Medical Center, and downtown Klamath Falls, the property provides excellent access to major employment centers and everyday amenities, helping support strong and consistent rental demand. 2025 net income exceeded $42K. With solid cash flow and long-term appreciation potential, this is a rare opportunity to own a profitable, low-maintenance multi-family investment.
    113 days
    |
    86
    |
    4
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Windermere Real Estate Kf 541-885-4400

    Source: Oregon Datashare,MLS#: 220217195MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 4
      • Full bathrooms: 2
      Heating
      • Baseboard, Electric, Forced Air, Natural Gas
      Cooling
      • None
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Oven, Range, Range Hood, Refrigerator, Washer, Water Heater
      Features
      • Ceiling Fan(s), Laminate Counters, Linen Closet, Shower/Tub Combo
      • Flooring: Carpet, Tile, Vinyl, Other
      • Windows: Aluminum Frames, Vinyl Frames
      • Basement: Full,Unfinished
      • Has fireplace: Yes
      • Fireplace features: Living Room, Wood Burning
      • Common walls with other units/homes: 1 Common Wall,2+ Common Walls
      Interior area
      • Total structure area: 4,105
      • Total interior livable area: 4,105 sqft

      Property

      Parking
      • Parking features: Attached, Detached, Garage Door Opener, On Street, Shared Driveway
      • Has attached garage: Yes
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Patio
      • Has view: Yes
      • View description: Neighborhood
      Lot
      • Size: 5,662 Square Feet
      • Features: Level
      Details
      • Parcel number: 369808
      • Zoning description: A
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Craftsman
      • Property subtype: Multi Family
      Materials
      • Frame
      • Foundation: Block, Concrete Perimeter, Slab
      • Roof: Composition,Rolled/Hot Mop
      Condition
      • New construction: No
      • Year built: 1930

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
      • Subdivision: Klamath Falls -Nichols Addition
      HOA
      • Has HOA: No
      Location
      • Region: Klamath Falls

      Financial & listing details

      • Price per square foot: $133/sqft
      • Tax assessed value: $613,240
      • Annual tax amount: $3,757
      • Date on market: 3/16/2026
      • Cumulative days on market: 113 days
      • Listing terms: Cash,Conventional
      • Inclusions: All owner owened kitchen appliances
      • Exclusions: Tenant belongings
      • Road surface type: Paved

        Estimated market value

        $526,400

        $500,000 - $553,000

        $1,488/mo

        Price history

        DateEventPrice
        3/16/2026Listed for sale$545,000+1.1%$133/sqft
        Source: Oregon Datashare #220217195 Report a problem
        12/2/2025Listing removed$539,000$131/sqft
        Source: Oregon Datashare #220197643 Report a problem
        10/20/2025Price change$539,000-1.8%$131/sqft
        Source: Oregon Datashare #220197643 Report a problem
        9/3/2025Price change$549,000-2%$134/sqft
        Source: Oregon Datashare #220197643 Report a problem
        7/17/2025Listed for sale$560,000-1.8%$136/sqft
        Source: Oregon Datashare #220197643 Report a problem
        7/1/2025Listing removed$570,000$139/sqft
        Source: Oregon Datashare #220197643 Report a problem
        6/19/2025Price change$570,000-1.7%$139/sqft
        Source: Oregon Datashare #220197643 Report a problem
        5/19/2025Price change$580,000-1.7%$141/sqft
        Source: Oregon Datashare #220197643 Report a problem
        4/17/2025Price change$590,000-0.8%$144/sqft
        Source: Oregon Datashare #220197643 Report a problem
        3/18/2025Listed for sale$595,000-8.3%$145/sqft
        Source: Oregon Datashare #220197643 Report a problem
        9/25/2024Listing removed$649,000$158/sqft
        Source: Oregon Datashare #220183003 Report a problem
        5/21/2024Listed for sale$649,000$158/sqft
        Source: Oregon Datashare #220183003 Report a problem
        2/15/2024Listing removed$649,000$158/sqft
        Source: Oregon Datashare #220166589 Report a problem
        10/27/2023Price change$649,000-3.7%$158/sqft
        Source: Oregon Datashare #220166589 Report a problem
        10/2/2023Price change$674,000-3.6%$164/sqft
        Source: Oregon Datashare #220166589 Report a problem
        8/9/2023Price change$699,000-3.6%$170/sqft
        Source: Oregon Datashare #220166589 Report a problem
        7/18/2023Price change$725,000-3.3%$177/sqft
        Source: Oregon Datashare #220166589 Report a problem
        6/23/2023Listed for sale$750,000+2%$183/sqft
        Source: Oregon Datashare #220166589 Report a problem
        5/25/2023Listing removed$735,000$179/sqft
        Source: Oregon Datashare #220163047 Report a problem
        4/29/2023Listed for sale$735,000+62.3%$179/sqft
        Source: Oregon Datashare #220163047 Report a problem
        1/15/2021Sold$453,000+0.7%$110/sqft
        Source: Oregon Datashare #220112429 Report a problem
        11/20/2020Pending sale$450,000$110/sqft
        Source: Exp Realty #220112429 Report a problem
        11/12/2020Listed for sale$450,000+291.3%$110/sqft
        Source: Exp Realty #220112429 Report a problem
        6/30/2019Listing removed$995
        Source: Lakeside Property Management LLC Report a problem
        6/7/2019Listed for rent$995
        Source: Lakeside Property Management LLC Report a problem
        10/4/1993Sold$115,000$28/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$3,670 +4.1%$213,030 +3%
        2023$3,524 +2%$206,830 +3%
        2022$3,454 +4.1%$200,810 +3%
        2021$3,319 +2%$194,970 +3%
        2020$3,255 +2.6%$189,300 +3%
        2019$3,171 +14.2%$183,790 +3%
        2018$2,777 $178,440
        2017$2,777 +11.7%$178,440 +11.4%
        2016$2,487 $160,120 -12.7%
        2015$2,487 -12.3%$183,510 +7.3%
        2014$2,835 +15.3%$170,990 +10.9%
        2013$2,458 -7%$154,150 -8.2%
        2011$2,643 +1.1%$167,960
        2010$2,615 +2.1%$167,960 +6.1%
        2009$2,562 +3.6%$158,330 +3%
        2008$2,473 +4.2%$153,720 -35.2%
        2007$2,372 +2.1%$237,205 +2.1%
        2006$2,324 $232,369 +96.5%
        2004-- $118,270

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 97601

        Getting around

        78 / 100
        Very Walkable
        27 / 100
        Some Transit
        48 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Pelican 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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