323 Commercial St

Klamath Falls, OR 97601

$850,000
Price
4
Beds
4,320 Sq. Ft.
$197 / Sq. Ft.
4,320
Sq. Ft.
$197
per Sq. Ft.
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Description

Great investment opportunity. 10 unit complex that has undergone many updates and remodeling. 2 bed/1 bath unit is fenced and gated and currently occupied by the rental manager. Two 4-plex apartment buildings are gated with audio/video surveillance for security. Rent includes water, sewer & garbage. Avista natural gas is stubbed out to all buildings so it can be easily utilized.Great investment opportunity. 10 unit complex that has undergone many updates and remodeling. 2 bed/1 bath unit is fenced and gated and currently occupied by the rental manager. Two 4-plex apartment buildings are gated with audio/video surveillance for security. Rent includes water, sewer & garbage. Avista natural gas is stubbed out to all buildings so it can be easily utilized.
  1. Listed by Eric Herrlich • Brokerage DRE #201227840 • Keller Williams Realty Southern Oregon
    P: (541)-892-2504 C: (541)-892-2504 eherrlich@kw.com

Property Details for 323 Commercial Street

Architectural Style
Traditional
Subdivision Name
Klamath Falls -Railroad Addition
View
Mountain(s), City, Neighborhood
Has View
Yes
Zoning Description
LI
LISTING UPDATED: 07/05/2026 04:26 PM

Property Details for 323 Commercial Street

StatusActive
MLS #220224660
Days on Market2
Taxes$5,068 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built-
Lot Size0.25 AC / 10,890 SF
CountyKlamath County
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Location

Listing Courtesy of Keller Williams Realty Southern Oregon
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Building Information for 323 Commercial Street

Stories1Residences10Year Built-Building Size-Lot Size0.25 AC / 10,890 SF

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$4,658 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,236

Property Taxes

$422

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 323 Commercial Street

Summary
Location and General Information
  • Cross Street: Oak Ave.
  • Latitude: 42.226234
  • Longitude: -121.776211
Taxes and HOA
  • Additional Parcels: No
  • Association: No
  • Parcel Number: 414956
  • Tax Annual Amount: $5,068.37
  • Tax Block: 4
  • Tax Lot: 10A, 10B, 10C, 10D
  • Tax Map Number: 3809-033BB-03200
  • Tax Year: 2025
School Information
  • Elementary School: Check with District
  • High School: Klamath Union High
  • Middle Or Junior School: Ponderosa Middle
Parking
  • Attached Garage: No
  • Garage: No
  • Parking Features: Asphalt, Driveway, On Street, Workshop in Garage
Property
Lot Information
  • Lot Features: Level
  • Lot Size Acres: 0.25
  • Lot Size Area: 0.25
  • Lot Size Units: Acres
  • Lot Size Square Feet: 10890.0
  • Road Surface Type: Paved
Property and Assessments
  • Building Area Source: Assessor
  • Building Area Total: 4320.0
  • New Construction: No
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
Building Features
  • Other Structures: Shed(s), Storage
  • Structure Type: House
  • Common Walls: 1 Common Wall, 2+ Common Walls, No One Above, No One Below
  • Construction Materials: Block, Brick, Frame
  • Foundation Details: Block, Pillar/Post/Pier
  • Levels: One
  • Roof: Composition
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Fencing: Fenced
Interior Features
  • Appliances: Range, Range Hood, Refrigerator, Water Heater
  • Cooling: Wall/Window Unit(s)
  • Has Cooling: Yes
  • Flooring: Laminate
  • Heating: Ductless, Electric, Zoned
  • Has Heating: Yes
  • Interior Features: Laminate Counters
  • Has Spa: No
  • Window Features: Double Pane Windows
Multi Family
Multi Family Information
  • Number Of Units Total: 10

Property History for 323 Commercial Street

DateEvent & SourcePriceAppreciation
Jul 3, 2026

Listed (Active)

Oregon Data Share #220224660

$850,000—
Feb 13, 2023

Sold

Oregon Data Share #220157960

$600,000—
Jan 29, 2023

Pending

Oregon Data Share #220157960

—
DateEvent & SourcePrice
07/03/2026

Listed (Active)

Oregon Data Share #220224660

$850,000
02/13/2023

Sold

Oregon Data Share #220157960

$600,000
01/29/2023

Pending

Oregon Data Share #220157960

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 323 Commercial Street

Taxable ValueLand-Additions-Total-
Tax Record2025$5,068 ($422 / month)
Home Facts
Beds0Baths2Total Finished SqFt4,320 SqFtAbove Grade Finished SqFt4,320 SqFtStories1Lot Size10,890 SqFtStyleSingle Family ResidenceZoningC1CountyKLAMATHAPNR-3809-033BB-03200-000

Schools near 323 Commercial Street

This home is within Klamath Falls City Schools.
Rating
School
Type
Grades
Distance
Mills Elementary School
Public - K to 5
Ponderosa Junior High School
Public - 6 to 8
Klamath Union High School
Public - 9 to 12
Eagleridge High School
Public - 9 to 12
Rating
School
Distance
Mills Elementary School
PublicK to 5

Ponderosa Junior High School
Public6 to 8

Klamath Union High School
Public9 to 12

Eagleridge High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 323 Commercial Street, Klamath Falls, OR 97601

323 Commercial Street is a multi-family home for sale in Klamath Falls, OR 97601. This property was listed for sale on July 4, 2026 by Keller Williams Realty Southern Oregon, it's currently listed at $850,000. It has been on the market for a total of 2 days and was last sold on February 14, 2023. This listing's school district is Klamath Falls City Schools. Nearby schools include Mills Elementary School, Ponderosa Junior High School and Klamath Union High School. 323 Commercial Street is a 4-bed, 4-bath, 4,320 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Southern Oregon

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