About 531 N 11th Street
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.
Features of 531 N 11th Street
| MLS® # | 220217195 |
|---|---|
| Price | $545,000 |
| Acres | 0.13 |
| Year Built | 1930 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Style | Craftsman |
| Status | Active |
Community Information
| Address | 531 N 11th Street |
|---|---|
| Subdivision | Klamath Falls -Nichols Addition |
| City | Klamath Falls |
| County | Klamath |
| State | OR |
| Zip Code | 97601 |
Amenities
| Parking | Attached, Detached, Garage Door Opener, On Street, Shared Driveway |
|---|---|
| View | Neighborhood |
| Is Waterfront | No |
Interior
| Interior Features | Ceiling Fan(s), Laminate Counters, Linen Closet, Shower/Tub Combo |
|---|---|
| Appliances | Dishwasher, Disposal, Dryer, Oven, Range, Range Hood, Refrigerator, Washer, Water Heater |
| Heating | Baseboard, Electric, Forced Air, Natural Gas |
| Cooling | None |
| Fireplace | No |
| Fireplaces | Living Room, Wood Burning |
| Stories | Two |
| Basement | Full, Unfinished |
Exterior
| Lot Description | Level |
|---|---|
| Windows | Aluminum Frames, Vinyl Frames |
| Roof | Composition, Rolled/Hot Mop |
| Construction | Frame |
| Foundation | Block, Concrete Perimeter, Slab |
School Information
| Elementary | Pelican Elem |
|---|---|
| Middle | Ponderosa Middle |
| High | Klamath Union High School |
Additional Information
| Date Listed | March 16th, 2026 |
|---|---|
| Days on Market | 74 |
| Zoning | A |
Listing Details
| Office | Windermere Real Estate Kf |
|---|