Incredible opportunity for the savvy investor. Or you could live in one unit and let the other units pay your mortgage! This Downtown four-plex boasts 3 one-bedroom units with a 4th larger unit (has a bonus room/second bedroom) and a 180 SF garage. Each unit has its own electric & gas meter, & private entrances to their own fenced back yard. In January, the rents of the three 1-bedroom units are scheduled to be $2300 a month & the current larger owner's unit could rent for between $800-$900. The garage could also be rented out separately if desired. With possibilities for monthly rent being over $3100 in 2024, and at less than $125 per SF, this property really pencils! Property is only a 7 minute drive to OIT and Skylakes Hospital. Restaurants, coffee shops, parks, public transportation and a grocery store are all within blocks, making the location super convenient. Book your tour to see the owner's unit today!
Closed
$280,000
402 Market St, Klamath Falls, OR 97601
5beds
0baths
2,164sqft
Quadruplex, Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$129/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: November 07, 2024 at 07:31pm
Listed by:
Coldwell Banker Holman Premier 541-884-1343
Bought with:
Coldwell Banker Holman Premier
Source: Oregon Datashare,MLS#: 220171731

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 0
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Cooktop, Range Hood, Refrigerator
Features
- Flooring: Carpet, Vinyl
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,164
- Total interior livable area: 2,164 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Fencing: Fenced
Lot
- Size: 6,534 sqft
- Features: Corner Lot
Details
- Parcel number: 415152
- Zoning description: LI
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Quadruplex, Multi Family
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Rolled/Hot Mop
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Klamath Falls
- Subdivision: Klamath Falls -Railroad Addition
Other
Other facts
- Listing terms: Cash,Conventional
Services availability

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