1928 Erie Street Klamath Falls, OR 97601
Listing Courtesy of: Oregon Datashare / Windermere Real Estate Klamath Falls / Allison York / Windermere Real Estate - Klamath Falls / Tanner York

  1928 Erie Street Klamath Falls, OR 97601

Active (2 Days)
$509,000 (USD)
3,858
SQFT
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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!

MLS #:
220210181
Taxes
$3,173(2024)
Lot Size
7,841 SQFT
Type
Multifamily
Year Built
1929
Style
Traditional
Views
Neighborhood
County
Klamath County

Listed By

Allison York, Windermere Real Estate Klamath Falls
Tanner York, Windermere Real Estate - Klamath Falls
Source
Oregon Datashare
Last checked Oct 4 2025 at 7:15 AM GMT+0000
Bathroom Details
Interior Features
  • Shower/Tub Combo
  • Laminate Counters
Subdivision
  • Klamath Falls -Hot Springs Addition
Lot Information
  • Corner Lot
  • Level
Property Features
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Geothermal
  • None
Flooring
  • Carpet
  • Vinyl
Exterior Features
  • Roof: Membrane
Utility Information
  • Sewer: Public Sewer
School Information
  • Elementary School: Roosevelt Elem
  • Middle School: Ponderosa Middle
  • High School: Klamath Union High School
Parking
  • On Street
Stories
  • One
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Down payment
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Interest rate
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Disclaimer:
© 2025 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than (insert company name) are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Windermere Real Estate Services Company, Inc.. Data last updated: 10/4/25 00:15.

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