Price cut $51K
$299,000
1/53 BD · 2 BA · 1,314 SF · 0.19 AC
1821 Lancaster Avenue
Klamath Falls, OR 97601
#220212668 01 / 39
For sale Price cut $16K on Mar 13
$299,000
632 N 10th Street
Klamath Falls, OR 97601 · Klamath Falls -Nichols Addition
- Baths
- 0
- Acres
- 0.12
- Built
- 1924
Est. $1,749/mo~198 min to downtown Bend (approx.)
Listing by Coldwell Banker Holman Premier · 541-884-1343
MLS# 220207477 · Active
01
About this home
Income-producing Craftsman generating approximately $3,050/month ($36,600 annually) with an estimated 8.3% cap rate at the current list price. This 2,575 sq ft home on a .12-acre corner lot offers two apartments plus additional 4 furnished living spaces, creating multiple income streams and strong rental history. The lower level features a 1-bedroom apartment with full kitchen, office, bath, and fenced garden plus shared laundry. The main level includes 4 bedrooms, kitchen, dining area, and two porches. Upstairs apartment offers a large bedroom, living room, kitchenette, and private porch. Major upgrades include new furnace (2025), two water heaters (2021), updated electrical panels, new water and sewer lines (2021), and interior paint. Garden, greenhouse, fruit trees, patio, and off-street parking. Located just 3 blocks from downtown and near transit. Ideal for investors or owner-occupied income property. Rent roll and expense sheet available upon request.
02
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03
Price history
Cut $16K| Date | Event | Price |
|---|---|---|
| Mar 13, 2026 | Price cut−$16,000 (5.1%) | $299,000 |
| Sep 16, 2026 | Listed for sale | $315,000 |
From the MLS: original list price and latest price change. 20 days on market.
04
Drive times
~198 min to downtown Bend- Sunriver Village~178 min · 149.7 mi
- Mt. Bachelor~187 min · 157.2 mi
- Old Mill District~197 min · 166 mi
- Downtown Bend~198 min · 167 mi
- St. Charles Bend~200 min · 168.8 mi
- Sisters~219 min · 185.7 mi
- Redmond Airport (RDM)~220 min · 186.5 mi
- Smith Rock State Park~231 min · 196.5 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
05
Facts & features
Built 1924- Type
- Multi Family
- Year built
- 1924
- Lot
- 0.12 AC · 5,227 SF
- HOA
- None reported
- Taxes
- $1,503/yr
- Subdivision
- Klamath Falls -Nichols Addition
- County
- Klamath
- Days on market
- 20
- MLS #
- 220207477
- Interior
- Built-in Features · Ceiling Fan(s) · Laminate Counters · Linen Closet · Smart Thermostat · Walk-In Closet(s) · High Speed Internet
- Appliances
- Dishwasher · Dryer · Microwave · Oven · Range · Refrigerator · Range Hood · Washer · Water Heater
- Flooring
- Carpet · Hardwood · Laminate · Tile · Vinyl
- Heating
- Forced Air · Natural Gas · Wood
- Cooling
- Wall/Window Unit(s)
- Fireplace
- Family Room · Wood Burning
- Exterior
- Courtyard
- Parking
- Driveway · On Street
- View
- City · Territorial · Neighborhood
- Lot
- Corner Lot · Fenced · Garden · Level · Landscaped
- Construction
- Frame
- Roof
- Composition
06
Location & schools
Klamath Falls -Nichols Addition42.2303° N · 121.7848° W
Directions- Elementary
- Pelican Elem
- Middle
- Ponderosa Middle
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
07
Monthly payment
$1,749/mo$1,749/mo
$239,200 loan · 30 yr fixed · 6.5%
- Principal & interest
- $1,512
- Property tax (listing)
- $125
- Home insurance (est.)
- $112
20% · $59,800
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
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#220224707Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 11:31 AM.
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