Sold909d on market
124 N 2nd St
Klamath Falls, OR, 97601 • 97601 • Klamath County
$2,000,000
$86/sqft
5Beds
51Baths
23,244Sqft
0.73 acLot
1969Built
Property DNA
Klamath Falls Original
97601
This home is getting attention
Listed 909 days ago · 5 views
Market activity
Demand and pricing signals for this listing
5 views
People checking out this listing
909 days on market
Established listing
$86/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 25% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1969
51 Unit value-add opportunity, only $39K/door! Located in downtown Klamath Falls, OR with views of Lake Ewauna! Affordable housing is in high demand & a near 40% vacancy rate will allow for quick stabilization upon Refi. Majority of vacant units are rent ready & could be HUD approved with minimal upgrades. New management and Cap-Ex improvements performed in year 1 will have this property operating well above a 7.5% Cap Rate within 12-18 months. Market rents for Studios in this area are between $650-750/mo!
Estimated monthly payment
Based on current rates
$13,044/month
Principal & Interest$10,378
Property Tax$2,000
Insurance$667
Down payment20% ($400,000)
3%50%
Est. 6.75% rate · 30yr fixed · $1,600,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1969
ParkingNo Data
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1969
Systems
Water / SewerPublic / Public Sewer
Parking & Outdoor
Lot0.73 Acres
Location & Tax
Neighborhood97601
ZoningGC
Annual tax$20,793
Features & details
3 categories of property features
Interior Features
Laundry
Common Area
Exterior Features
Exterior
Blue
Utilities
Water Connected
Listing insights
Market data and value estimates
StatusSold
Days on market909
Est. value$2,147,800
Est. rent$1,420/mo
Tax rate0.57%
Price/sqft$86
On marketFeb 14, 2024
PostedFeb 14, 2024
Last sold$2,000,000
MLS updatedOct 18, 2023
Tour days6
Views5
How are the schools in Klamath Falls?
3 schools rated nearby
Location
Klamath Falls, OR, 97601
Price history
2 events
DateEventPrice$/sqftSource
Oct 17, 2023Sold$2,000,000$86WVMLS
Aug 10, 2023Listed For Sale$2,000,000$86WVMLS
Sold$2,000,000
Oct 17, 2023•$86/sqft•WVMLS
Listed For Sale$2,000,000
Aug 10, 2023•$86/sqft•WVMLS
Nearby homes
Neighborhood details
Local context around this listing
Klamath Falls, OR • Klamath County
Nearby neighborhoods
Falcon HeightsRocky PointRunning Y Ranch
Nearby cities
BeattyBonanzaChiloquinDairyKenoKlamath FallsMalinMerrill
Nearby zip codes
9760197602976039762797633
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
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