Investor dream - 8.06% Cap Rate!! This newly constructed (2024) quadplex in Klamath Falls, Oregon, offers a rare opportunity to own a modern multi-family property with exceptional returns.
Each of the four units boasts two spacious bedrooms and top-tier amenities, including a 5-star energy rating, AC and heat pump, stainless steel appliances, in-unit stacked washer/dryer combo, smart TV, cadet heaters, electric fireplaces, and water-resistant flooring. The property is designed for low-maintenance ownership, featuring durable landscaping, and a large front deck. All units include off-street covered parking and are separately metered for water and electric. The units are fully leased with 12-month contracts. This brand-new 2024 build generates $5,600 in monthly rental revenue.
Perfectly located just minutes from downtown Klamath Falls, shopping, Oregon Institute of Technology, and Sky Lakes Medical Center, this quadplex is highly desirable to tenants and a standout investment.
Active
$715,000
1209 Carlyle St, Klamath Falls, OR 97601
8beds
0baths
2,160sqft
Est.:
Quadruplex, Multi Family
Built in 2024
-- sqft lot
$700,600 Zestimate®
$331/sqft
$-- HOA
What's special
- 24 days
- on Zillow |
- 361 |
- 21 |
Zillow last checked: 7 hours ago
Listing updated: April 02, 2025 at 11:19am
Listed by:
Ninebark Real Estate 541-728-3009
Source: Oregon Datashare,MLS#: 220198629

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 0
Heating
- ENERGY STAR Qualified Equipment, Other
Cooling
- ENERGY STAR Qualified Equipment, Heat Pump
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer, Water Heater
Features
- Smart Lock(s), Smart Light(s), Ceiling Fan(s), Solid Surface Counters, Vaulted Ceiling(s)
- Flooring: Laminate
- Windows: ENERGY STAR Qualified Windows, Vinyl Frames
- Basement: None
- Has fireplace: Yes
- Fireplace features: Gas
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,160
- Total interior livable area: 2,160 sqft
Property
Parking
- Parking features: Assigned, Attached Carport, Concrete, Driveway, On Street
- Has carport: Yes
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Has view: Yes
- View description: Neighborhood, Ridge
Lot
- Size: 5,662.8 Square Feet
- Features: Level
Details
- Parcel number: 895013
- Zoning description: MD
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Northwest
- Property subtype: Quadruplex, Multi Family
Materials
- Frame
- Foundation: Stemwall
- Roof: Composition
Condition
- New construction: No
- Year built: 2024
Details
- Builder name: L & L Real Estate Development LLC
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Park
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Klamath Falls -Fairview Addition No. 2
HOA
- Has HOA: No
Location
- Region: Klamath Falls
Financial & listing details
- Price per square foot: $331/sqft
- Annual tax amount: $190
- Date on market: 4/2/2025
- Listing terms: Cash,Conventional
- Inclusions: Kitchen Appliances - including fridge, Washer/Dryer
- Exclusions: Tenant personal property
- Road surface type: Paved
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