1928 Erie ST new Save Request In-Person Tour Request Virtual Tour
Klamath Falls,OR 97601
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,858 sqft
Price per Sqft $131
Subdivision Klamath Falls -Hot Springs Addition
MLS Listing ID 220210181
Style Traditional
Year Built 1929
Annual Tax Amount $3,173
Lot Size 7,840 Sqft
Property Sub-Type Multi Family
Property Description
Excellent investment opportunity in the Hot Springs area of Klamath Falls! This charming six-plex has geothermal heat and features six well-maintained 1-bedroom, 1-bathroom units, each approximately 770 sq. ft. Recent updates give each unit a fresh and inviting feel, with strong rental history and professional property management already in place. Ideally located near Oregon Tech and Sky Lakes Medical Center, making it attractive to consistent tenant demand. Laundry facility on site. Separate power meters. The sale includes the adjacent lot to the south, providing additional parking for tenants. With a solid 7.2% cap rate and an unbeatable central location close to the college and hospital, this is a smart addition to any investment portfolio!
Location
State OR
County Klamath
Community Klamath Falls -Hot Springs Addition
Interior
Heating/Cooling Geothermal
Exterior
Parking Features On Street
Roof Type Membrane
Parking On Street
Building
Lot Description Corner Lot,Level
Foundation Concrete Perimeter
Water Public
Structure Type Frame
New Construction No
Construction Frame
Schools
High Schools Klamath Union High School
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard