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1075 Timber Ridge Loop, Klamath Falls, OR 97601

Klamath Falls
Local realty services provided by:CENTURY 21 Showcase Realtors®, Inc.
1075 Timber Ridge Loop,Klamath Falls, OR 97601
$44,900
  • 0.23 Acres
  • Lots / Land
  • Active
Listed by:
Office: century 21 showcase, realtors
MLS#:220220159
Source:OR_SOMLS

Price summary

  • Price:$44,900
  • Monthly HOA dues:$141

About this home

residential multifamily in Butte Falls: three two-story buildings, ±6,200 SF on 0.43 acres, built 2002. All nine units occupied; Unit C3 (2BR/1BA, 900 SF) has been fully refurbished with new flooring, windows, paint, and appliances. Price per unit: $68,778. Approximately 47-48% of gross income is HUD Section 8 HAP -- a reliable rental income floor. All units separately metered electric. Owner pays water/sewer, garbage, and common-area utilities. Central air, forced-air electric heat, vinyl double-pane windows, private storage shed per unit, 18 parking spaces. Pro Forma Stabilized NOI ≈ $44,300 at current rent roll (7.16% cap at $619K); ≈ $55,600 with Unit C3 now leased (≈8.99% cap). Value-add upside on B1 and B2 at next turnover. Seller has secured updated insurance quotes from a carrier willing to underwrite at reasonable rates -- available on request. Butte Falls is ~30 miles from Medford; local property management options available.

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Home facts

  • Subdivision & Development:Ridgewater Subdivision -Phase 1
  • Listing ID #:220220159
  • Added:138 day(s) ago
  • Updated:September 13, 2026 at 02:34 PM

Structure and exterior

  • Lot area:0.23 Acres

Schools

  • High school:Klamath Union High School
  • Middle school:Ponderosa Middle
  • Elementary school:Joseph Conger Elem

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$44,900
  • Tax amount:$437 (2025)

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