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Executive Summary

7-unit Cedar Apartments located in downtown Klamath Falls with major improvements completed, including new front deck and ADA ramp, roof repairs with 10-year elastomeric coating, updated lighting, plumbing/electrical repairs, fresh common-area paint, and off-street parking. Units 2, 5, 6, and 7 have been updated, Unit 3 renovation is underway, and Units 1 and 4 have long-term tenants. Shared basement laundry and value-add upside.
Units are a mix of (2) 2 bed / 1 bath and (5) 1 bed / 1 bath. Please do not disturb the residents.
YEAR BUILT IS UNKNOWN - CHECKED WITH KLAMATH COUNTY ASSESSOR AND THEY DO NOT HAVE THE DETAIL IN THEIR FILE - BUYER TO COMPLETE THEIR OWN DUE DILIGENCE FOR THE AGE OF THE PROPERTY

Property Facts

Price $630,000
Price Per Unit $90,000
Sale Type Investment
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.17 AC
Building Size 7,599 SF
No. Stories 2
Year Built 1975
Opportunity Zone Yes
Zoning A - Apartment Residential

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 5 - 1
2+1 2 - 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
R475266
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$124,630
  • Listing ID: 41193648

  • Date on Market: 7/7/2026

  • Last Updated:

  • Address: 213 Cedar St, Klamath Falls, OR 97601

Contact the Sale Advisor

213 Cedar St

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