1120 Pine St
Klamath Falls, OR 97601
White Pine Apartments · Multifamily Property For Sale · 16 Units

A Pride of Ownership Asset in the heart of Klamath Falls Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire White Pine Apartments, a vintage 16-unit, pride of ownership apartment building located one block off Main Street in Klamath Falls, Oregon. Originally built in 1924, and featuring units boasting of designer charm, current ownership has invested significant capital to renovate exterior, common areas, and interior finishes of 15 of the 16 units. According to an independent study in 2016, the Klamath Falls rental housing market is under supplied. Multifamily development of any significance has not occurred in the area in the decades. Most rental properties in Klamath Falls are single family homes small apartment complexes in poor to fair condition. Quality apartments like White Pine are difficulty to find. Exceptionally located in Klamath Fall’s downtown district, White Pine Apartments provides residents with unparalleled access to the best restaurants, shops, and nightlife Klamath Falls has to offer all within a short walk. Additionally, surrounding employment centers such as the international company Jeld-Wen and Sky Lake Medical Center are accessible within a 10 to 15 minute drive. As a result of the property’s superb downtown location, lack of quality rentals in the market, and desirable vintage charm, White Pine Apartments offers the perfect pride of ownership buying opportunity for investors looking for well-located apartment buildings that offers solid cash flow.