Price cut $10K
$545,000
1/54 BD · 2.5 BA · 2,159 SF · 0.31 AC
1713 Harmony Lane
Klamath Falls, OR 97601
#220219260 01 / 49
For sale
$545,000
531 N 11th Street
Klamath Falls, OR 97601 · Klamath Falls -Nichols Addition
- Baths
- 0
- Acres
- 0.13
- Built
- 1930
Est. $3,273/mo~198 min to downtown Bend (approx.)
Listing by Windermere Real Estate Kf · 541-885-4400
MLS# 220217195 · Active
01
About this home
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.
02
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03
Price history
205 days, no changes| Date | Event | Price |
|---|---|---|
| Mar 15, 2026 | Listed for sale | $545,000 |
From the MLS: original list price and latest price change. 205 days on market.
04
Drive times
~198 min to downtown Bend- Sunriver Village~178 min · 149.6 mi
- Mt. Bachelor~187 min · 157.2 mi
- Old Mill District~197 min · 165.9 mi
- Downtown Bend~198 min · 167 mi
- St. Charles Bend~200 min · 168.7 mi
- Sisters~219 min · 185.7 mi
- Redmond Airport (RDM)~220 min · 186.4 mi
- Smith Rock State Park~231 min · 196.4 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 1930- Type
- Multi Family
- Year built
- 1930
- Stories
- 2
- Lot
- 0.13 AC · 5,663 SF
- HOA
- None reported
- Taxes
- $3,758/yr
- Subdivision
- Klamath Falls -Nichols Addition
- County
- Klamath
- Days on market
- 205
- MLS #
- 220217195
- Interior
- Ceiling Fan(s) · Laminate Counters · Linen Closet · Shower/Tub Combo
- Appliances
- Dishwasher · Disposal · Dryer · Oven · Range · Refrigerator · Range Hood · Washer · Water Heater
- Flooring
- Carpet · Other · Tile · Vinyl
- Heating
- Baseboard · Electric · Forced Air · Natural Gas
- Fireplace
- Living Room · Wood Burning
- Parking
- Attached · Detached · Garage Door Opener · On Street · Shared Driveway
- View
- Neighborhood
- Lot
- Level
- Construction
- Frame
- Roof
- Composition · Rolled/Hot Mop
06
Location & schools
Klamath Falls -Nichols Addition42.2308° N · 121.7827° 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
$3,273/mo$3,273/mo
$436,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $2,756
- Property tax (listing)
- $313
- Home insurance (est.)
- $204
20% · $109,000
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.
More
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#220228091Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 1:01 PM.
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