917 Main ST, Klamath Falls, OR 97601
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917 Main ST, Klamath Falls, OR 97601
917 Main ST, Klamath Falls, OR 97601
917 Main ST, Klamath Falls, OR 97601
917 Main ST, Klamath Falls, OR 97601
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Sydney Shapiro

Sydney Shapiro

+1(541) 646-8758
$ 645,000
Est. payment /mo
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Pending

917 Main ST Klamath Falls, OR 97601

12,742 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

Square Footage 12,742 sqft

Price per Sqft $50

MLS Listing ID 220214847

Annual Tax Amount $7,832

Lot Size 0.400 Acres

Acres 0.4

Lot Dimensions 0.4

Property Description

Value-add mixed-use investment with strong income and upside potential. Located on a 17,424 square foot lot, this 12,742 square foot property features four ground-level commercial units and eight residential apartments, supported by ample on-site parking. Currently, four residential units generate $37,272 in annual gross income. With lease-up of remaining apartments at an estimated $900/month and stabilization of commercial space at approximately $0.75 per square foot, projected gross income increases to $127,000 annually. The commercial units offer immediate improvement potential through clean-up and cosmetic updates, enhancing tenant appeal and rental rates. Additionally, the property may offer future redevelopment or full residential conversion potential (buyer to verify), creating further opportunities for appreciation and long-term cash flow. Ideal for investors seeking a scalable asset with multiple exit strategies and strong near-term and long-term returns.

Location

State OR

County Klamath

Interior

Heating Ductless

Cooling Ductless, Evaporative Cooling

Exterior

Parking Features Asphalt, On Street, Parking Lot

Roof Type Membrane

Building

Lot Description Corner Lot, Level

Foundation Slab

Water Public

Level or Stories Two

Structure Type Brick,Frame

New Construction No

Others

Senior Community No

Tax ID 612938

Security Features Carbon Monoxide Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Third Party Approval

Oregon Datashare (MLSCO/SOMLS/KCAR)
Listed by Windermere Van Vleet & Assoc2

Nearby Locations

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Sydney Shapiro
Sydney Shapiro

Principal Broker / Owner | License ID: 201230390

+1(541) 646-8758 | sydney.shapiro@exprealty.com

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917 Main ST