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.
Listing Courtesy of Oregon Datashare / Listed By: Jody Carter, Windermere Real Estate Klamath Falls
$499,000 (USD)
Klamath Falls Area Single Family Home
Active
27458 Rocky Point Road Klamath Falls, OR 97601
2 Bed
3 Baths
1620 sqft
MLS# 220223851
Nestled on approximately ½ acre in the peaceful community of Rocky Point, this 2-bedroom, 2.5-bath home is just steps from Rocky Point Resort and the public boat launch on Upper Klamath Lake, renowned for its trophy trout fishing. The chef's kitchen features an island, granite countertops, stainless steel appliances, and hand-hewn Amish wood flooring. The primary suite is on the main level, while upstairs offers a second bedroom, full bath, and bonus room/study that could easily serve as a third bedroom. Enjoy peek-a-boo lake views from the wrap-around deck and second-story balcony. Additional amenities include a detached garage with workshop/storage space and 220/50-amp service, backup generator, and laundry room. Remodeled in 2010 and ideally located near hiking, biking, canoeing, and bird watching, this property is the perfect year-round home or recreational retreat.
Listing Courtesy of Oregon Datashare / Listed By: Jody Carter, Windermere Real Estate Klamath Falls
$485,000 (USD)
Bonanza Area Manufactured Home
Active
5370 Harpold Road Bonanza, OR 97623
3 Bed
2 Baths
1300 sqft
MLS# 220226421
Peaceful country living on 15.85 acres with 15 acres of water rights through Horsefly Irrigation District. According to the current owners, the property supports 12-15 cow/calf pairs or can produce approx. 40 tons of hay.
The well-maintained 3-bedroom, 2-bath home features a newer metal roof, laminate flooring throughout, double-pane vinyl windows, a newer heat pump and water heater, and a kitchen with granite countertops and a gas range. Two RV hook ups with electrical and water.
Ideal for horses or livestock, the property includes a barn with hay storage, tack room, 4 stalls with a holding pen and loading alley, plus a 20' x 30' metal shop/garage with a 12-foot door. A productive, move-in-ready country property offering comfort, functionality, and room to grow.
Listing Courtesy of Oregon Datashare / Listed By: Jody Carter, Windermere Real Estate Klamath Falls
$485,000 (USD)
Bonanza Area Farm / Ranch
Active
5370 Harpold Road Bonanza, OR 97623
3 Bed
2 Baths
1300 sqft
MLS# 220226418
Peaceful country living on 15.85 acres with 15 acres of water rights through Horsefly Irrigation District. According to the current owners, the property supports 12-15 cow/calf pairs or can produce approx. 40 tons of hay.
The well-maintained 3-bedroom, 2-bath home features a newer metal roof, laminate flooring throughout, double-pane vinyl windows, a newer heat pump and water heater, and a kitchen with granite countertops and a gas range. Two RV hook ups with electrical and water.
Ideal for horses or livestock, the property includes a barn with hay storage, tack room, 4 stalls with a holding pen and loading alley, plus a 20' x 30' metal shop/garage with a 12-foot door. A productive, move-in-ready country property offering comfort, functionality, and room to grow.
Listing Courtesy of Oregon Datashare / Listed By: Jody Carter, Windermere Real Estate Klamath Falls
$369,000 (USD)
Keno Area Single Family Home
Active
15531 Green Wing Loop Keno, OR 97627
3 Bed
2 Baths
1664 sqft
MLS# 220217711
Welcome home to this charming 3-bedroom, 2-bath retreat on a spacious corner lot surrounded by beautiful, mature pine trees. Peaceful and quiet, this property offers a warm and inviting feel inside and out.
You'll love the new vinyl plank and carpet flooring, vaulted ceilings, and desirable split floorplan. A separate living room and abundant windows create a bright, comfortable space filled with natural light.
The home also features a 2-car garage, RV parking, and a storage building--perfect for all your extra needs. A wonderful blend of comfort, functionality, and serene outdoor living.
Listing Courtesy of Oregon Datashare / Listed By: Jody Carter, Windermere Real Estate Klamath Falls
$279,000 (USD)
Klamath Falls Area Single Family Home
Pending
2015 Gettle Street Klamath Falls, OR 97603
3 Bed
2 Baths
1438 sqft
MLS# 220226392
Taking back-up offers! Great 3-bedroom, 1.5-bath home with large bedrooms on a quiet dead-end street! Conveniently located close to shopping and transportation. Features new laminate flooring, hardwood flooring in bedrooms, a large backyard, built-ins, dog kennel, and a detached shop or hobby room with lots of potential. Plenty of paved parking, including RV parking, plus an oversized two-car carport that could easily be converted into a garage. A great place to call home!
Listing Courtesy of Oregon Datashare / Listed By: Jody Carter, Windermere Real Estate Klamath Falls
$269,000 (USD)
Klamath Falls Area Single Family Home
Pending
2439 Berkeley Street Klamath Falls, OR 97601
3 Bed
3 Baths
1728 sqft
MLS# 220222136
Beautifully located 3-bedroom, 3-bath home near Oregon Institute of Technology and Sky Lakes Medical Center, offering convenience and comfort in a highly desirable area. This home features vinyl windows, A/C, an attached garage, and a fully fenced yard. Inside, you'll find spacious living areas plus an extra media/bonus room perfect for entertaining, a home office, playroom, or guest space. Great location close to shopping, dining, and everyday amenities--this home is a must-see!
Listing Courtesy of Oregon Datashare / Listed By: Jody Carter, Windermere Real Estate Klamath Falls
$17,000 (USD)
Klamath Falls Area Land
Active
Crossbill Drive 995 Klamath Falls, OR 97601
Bed
0 Baths
sqft
MLS# 220215128
Beautiful 0.77-acre homesite in the desirable Running Y Ranch Resort, ideally located near the main entrance for easy access while offering sweeping Cascade Mountain views and overlooking a picturesque agricultural valley. One of the larger lots in Running Y, this sun-filled property provides an exceptional setting to build your dream home.
Enjoy the resort lifestyle with access to championship golf, restaurants, an ice skating rink, a sports and fitness center with an indoor pool, tennis courts, and miles of outdoor recreation. Whether you're looking for relaxation, adventure, or vibrant neighborhood amenities, this premier homesite offers the perfect blend of natural beauty, convenience, and resort-style living.
Listing Courtesy of Oregon Datashare / Listed By: Jody Carter, Windermere Real Estate Klamath Falls
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.