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1433 Lakeview Ave - Lakeview Apartments 4 Unit Apartment Building Offered at $729,000 at a 7.13% Cap Rate Klamath Falls, OR 97601



Investment Highlights
- Turn-key new construction investment with builder warranty.
- High end finishes and off-street parking.
- Opportunity to potentially owner-occupy and qualify for residential loan.
Executive Summary
Lakeview Apartments presents an exceptional opportunity to acquire a newly constructed single-story four-unit multifamily investment property in a quiet residential area of Klamath Falls. Currently under construction with anticipated completion in August 2026, the property is designed to offer modern, efficient living with strong rental appeal, low-maintenance ownership, and strong income potential. An ideal turn-key investment with one-year builder warranty.
The investment offers flexibility for both investors and owner-occupants alike with the opportunity to potentially occupy one unit while utilizing residential owner-occupier financing options.
Lakeview Apartments are a turnkey new multifamily asset with long-term upside, offering an attractive combination of quality construction, modern amenities, and income potential. Ideal 1031 investor opportunity.
Photos are of a representative property that the same developer constructed in 2025 using the same plans. Actual property finishes and features may vary. Representative property: 1532 Wilford Ave, Klamath Falls, OR
The investment offers flexibility for both investors and owner-occupants alike with the opportunity to potentially occupy one unit while utilizing residential owner-occupier financing options.
Lakeview Apartments are a turnkey new multifamily asset with long-term upside, offering an attractive combination of quality construction, modern amenities, and income potential. Ideal 1031 investor opportunity.
Photos are of a representative property that the same developer constructed in 2025 using the same plans. Actual property finishes and features may vary. Representative property: 1532 Wilford Ave, Klamath Falls, OR
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$72,000
|
$30.51
|
| Other Income |
$5,400
|
$2.29
|
| Vacancy Loss |
$3,870
|
$1.64
|
| Effective Gross Income |
$73,530
|
$31.16
|
| Taxes |
$5,213
|
$2.21
|
| Operating Expenses |
$16,307
|
$6.91
|
| Total Expenses |
$21,520
|
$9.12
|
| Net Operating Income |
$52,010
|
$22.04
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $30.51 |
| Other Income | |
|---|---|
| Annual | $5,400 |
| Annual Per SF | $2.29 |
| Vacancy Loss | |
|---|---|
| Annual | $3,870 |
| Annual Per SF | $1.64 |
| Effective Gross Income | |
|---|---|
| Annual | $73,530 |
| Annual Per SF | $31.16 |
| Taxes | |
|---|---|
| Annual | $5,213 |
| Annual Per SF | $2.21 |
| Operating Expenses | |
|---|---|
| Annual | $16,307 |
| Annual Per SF | $6.91 |
| Total Expenses | |
|---|---|
| Annual | $21,520 |
| Annual Per SF | $9.12 |
| Net Operating Income | |
|---|---|
| Annual | $52,010 |
| Annual Per SF | $22.04 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Stainless Steel Appliances
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,500 | 590 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
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1433 Lakeview Ave - Lakeview Apartments
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