Real Estate Investment Properties for Sale in Klamath Falls, OR

Looking for investment property in Klamath Falls, OR with high ROI ?

Explore a variety of short-term homes & houses in Klamath Falls, OR. Invest wisely with VRBO & Klamath Falls, OR Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Klamath Falls, OR

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
10712 Kestrel Rd Klamath Falls, OR 3039 Sq. Ft., 4 bedroom, 2.5 bath custom on .75 acre golf course lot on the 9th fairway. ...	4 beds \| 3 baths \| 3,039 sq.ft.	$650,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 4.39% Airbnb Rental Income: $2557 Traditional Rental Income: $4029 Airbnb ROI: 0.95% Traditional ROI: 4.39%
10509 Waxwing Court Klamath Falls, OR PANORAMIC WATER VIEWS WELCOME YOU TO THIS MODERN SINGLE-LEVEL HOME AT THE RUNNING Y RESORT...	3 beds \| 2 baths \| 2,675 sq.ft.	$885,000	Airbnb cash on cash: -0.82% Traditional cash on cash: 2.63% Airbnb Rental Income: $1344 Traditional Rental Income: $3779 Airbnb ROI: -0.82% Traditional ROI: 2.63%
4647 Marsh Hawk Drive Klamath Falls, OR Successful Rental - 3 Bedroom Chalet at the Running Y- Furnished and ready for your ''res...	3 beds \| 2 baths \| 1,543 sq.ft.	$370,000	Airbnb cash on cash: -0.72% Traditional cash on cash: 4.33% Airbnb Rental Income: $1344 Traditional Rental Income: $2684 Airbnb ROI: -0.72% Traditional ROI: 4.33%
5122 Bryant Avenue Klamath Falls, OR This impressive property offers the perfect combination of space, functionality, and energ...	3 beds \| 4 baths \| 3,205 sq.ft.	$479,000	Airbnb cash on cash: 0.1% Traditional cash on cash: 5.51% Airbnb Rental Income: $1344 Traditional Rental Income: $3357 Airbnb ROI: 0.1% Traditional ROI: 5.51%
1530 California Avenue Klamath Falls, OR Come check out the 4 bedroom 2.5 bath home within walking distance to Conger school. The u...	4 beds \| 3 baths \| 1,500 sq.ft.	$290,000	Airbnb cash on cash: 5.01% Traditional cash on cash: 10.15% Airbnb Rental Income: $2557 Traditional Rental Income: $3345 Airbnb ROI: 5.01% Traditional ROI: 10.15%
1335 Lakeview Avenue Klamath Falls, OR This sunny Southern Oregon home features exceptional build quality and smart, spacious lay...	3 beds \| 2 baths \| 1,664 sq.ft.	$339,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 6.55% Airbnb Rental Income: $1344 Traditional Rental Income: $2649 Airbnb ROI: 1.16% Traditional ROI: 6.55%
2106 Dawn Drive Klamath Falls, OR Placed atop Klamath Falls' east hills with sensational views of the Cascade Mountains, thi...	3 beds \| 2 baths \| 1,534 sq.ft.	$320,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 7.34% Airbnb Rental Income: $1344 Traditional Rental Income: $2781 Airbnb ROI: 1.2% Traditional ROI: 7.34%
12575 Highway 66 Klamath Falls, OR Dreaming of wide-open space with endless possibilities? This charming farmstead delivers. ...	2 beds \| 1 baths \| 1,807 sq.ft.	$489,900	Airbnb cash on cash: 0.5% Traditional cash on cash: 2.97% Airbnb Rental Income: $1267 Traditional Rental Income: $1998 Airbnb ROI: 0.5% Traditional ROI: 2.97%
10211 Old Fort Road Klamath Falls, OR Spacious 2,836 sq ft Engineered Metal A- Frame home with a metal shake roof, and blue prin...	3 beds \| 3 baths \| 2,836 sq.ft.	$475,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 4.14% Airbnb Rental Income: $1344 Traditional Rental Income: $2580 Airbnb ROI: 0.43% Traditional ROI: 4.14%
1624 Portland Street Klamath Falls, OR Endless opportunities!! This home has fresh updates including a whole bathroom remodel, wa...	3 beds \| 4 baths \| 2,053 sq.ft.	$350,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 10.54% Airbnb Rental Income: $1344 Traditional Rental Income: $4190 Airbnb ROI: 0.62% Traditional ROI: 10.54%
5040 Swallow Court Klamath Falls, OR GREAT PRICE AND LOCATION - DUPLEX TOWNHOME WITH GARAGE AT THE RUNNING Y RESORT! Painted c...	3 beds \| 4 baths \| 1,940 sq.ft.	$419,000	Airbnb cash on cash: -1.47% Traditional cash on cash: 5.55% Airbnb Rental Income: $1344 Traditional Rental Income: $3685 Airbnb ROI: -1.47% Traditional ROI: 5.55%
6338 Katie Lane Klamath Falls, OR 4 bedroom 2 bath home is located in the suburbs on a nice corner lot. This property has so...	4 beds \| 2 baths \| 1,809 sq.ft.	$284,900	Airbnb cash on cash: 5.3% Traditional cash on cash: 9.5% Airbnb Rental Income: $2557 Traditional Rental Income: $3070 Airbnb ROI: 5.3% Traditional ROI: 9.5%
1829 Lancaster Avenue Klamath Falls, OR This super cute 2-bedroom, 1-bath home has been completely remodeled and is move-in ready!...	2 beds \| 1 baths \| 842 sq.ft.	$194,500	Airbnb cash on cash: 2.66% Traditional cash on cash: 10.01% Airbnb Rental Income: $1267 Traditional Rental Income: $2224 Airbnb ROI: 2.66% Traditional ROI: 10.01%
2530 Wantland Avenue Klamath Falls, OR Welcome to your cozy retreat! This delightful 2 bedroom, 1 bath home is perfect for first-...	2 beds \| 1 baths \| 846 sq.ft.	$205,000	Airbnb cash on cash: 2.3% Traditional cash on cash: 8.55% Airbnb Rental Income: $1267 Traditional Rental Income: $2082 Airbnb ROI: 2.3% Traditional ROI: 8.55%
633 Upham Street Klamath Falls, OR Really Charming 2 bedroom 1 bath home !All of the updates have been completed and you can...	2 beds \| 1 baths \| 1,032 sq.ft.	$225,000	Airbnb cash on cash: 2.13% Traditional cash on cash: 8.13% Airbnb Rental Income: $1267 Traditional Rental Income: $2145 Airbnb ROI: 2.13% Traditional ROI: 8.13%
13458 Cedar Trail Klamath Falls, OR Where the Deer Roam- Located on 5 peaceful acres in Cedar Trails this Single Level 2820 sq...	4 beds \| 2 baths \| 2,820 sq.ft.	$571,700	Airbnb cash on cash: 1.56% Traditional cash on cash: 5.17% Airbnb Rental Income: $2557 Traditional Rental Income: $3871 Airbnb ROI: 1.56% Traditional ROI: 5.17%
4625 Laverne Avenue Klamath Falls, OR Incredible opportunity with the single story three bedroom two bath recently updated home!...	3 beds \| 2 baths \| 1,525 sq.ft.	$369,000	Airbnb cash on cash: 1% Traditional cash on cash: 7.87% Airbnb Rental Income: $1344 Traditional Rental Income: $3309 Airbnb ROI: 1% Traditional ROI: 7.87%
1201 Front Street Klamath Falls, OR Check out this turn key, 4 bed 3 bath home located across from the lake with incredible vi...	4 beds \| 3 baths \| 2,720 sq.ft.	$499,000	Airbnb cash on cash: 1.92% Traditional cash on cash: 7.19% Airbnb Rental Income: $2557 Traditional Rental Income: $4401 Airbnb ROI: 1.92% Traditional ROI: 7.19%
635 Wildland Drive Klamath Falls, OR Hard to find turnkey 4 bedroom home in desirable Quail Point Estates! Well maintained and ...	4 beds \| 2 baths \| 1,825 sq.ft.	$399,000	Airbnb cash on cash: 2.82% Traditional cash on cash: 3.59% Airbnb Rental Income: $2557 Traditional Rental Income: $2230 Airbnb ROI: 2.82% Traditional ROI: 3.59%
5257 Amberview Lane Klamath Falls, OR This home is located in the beautiful Pheasant Run subdivision. It has 3 bedrooms, 2 bathr...	3 beds \| 2 baths \| 2,097 sq.ft.	$308,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 4.98% Airbnb Rental Income: $1344 Traditional Rental Income: $2150 Airbnb ROI: 0.77% Traditional ROI: 4.98%
26842 Forest Park Lane Klamath Falls, OR Tucked beneath the tall pines of Rocky Point, this one-of-a-kind property offers endless o...	2 beds \| 1 baths \| 721 sq.ft.	$280,000	Airbnb cash on cash: 1.68% Traditional cash on cash: 6.24% Airbnb Rental Income: $1267 Traditional Rental Income: $2068 Airbnb ROI: 1.68% Traditional ROI: 6.24%
200 Conger Avenue Klamath Falls, OR Welcome to your RIVERFRONT retreat! This 4 BR/2.5BA 1994 home features many updates, inclu...	4 beds \| 3 baths \| 2,930 sq.ft.	$534,500	Airbnb cash on cash: 1.87% Traditional cash on cash: 7.26% Airbnb Rental Income: $2557 Traditional Rental Income: $4633 Airbnb ROI: 1.87% Traditional ROI: 7.26%
7455 Hager Way Klamath Falls, OR over 1/2 acre grandfthered Residential/commercial RESIDENTIAL/COMMERCIAL lot with a 2 o dr...	3 beds \| 1 baths \| 3,816 sq.ft.	$249,000	Airbnb cash on cash: 2.17% Traditional cash on cash: 11.44% Airbnb Rental Income: $1344 Traditional Rental Income: $3113 Airbnb ROI: 2.17% Traditional ROI: 11.44%
625 N 2nd Street Klamath Falls, OR Step into timeless charm with this delightful 2 bedroom- 1 bath bungalow, that effortlessl...	2 beds \| 1 baths \| 808 sq.ft.	$189,000	Airbnb cash on cash: 2.87% Traditional cash on cash: 9.85% Airbnb Rental Income: $1267 Traditional Rental Income: $2122 Airbnb ROI: 2.87% Traditional ROI: 9.85%
4621 Alt Court Klamath Falls, OR This two bedroom and two bath home has had a lot of updating done to it in the past few ye...	2 beds \| 2 baths \| 1,344 sq.ft.	$175,000	Airbnb cash on cash: 2.92% Traditional cash on cash: 11.31% Airbnb Rental Income: $1267 Traditional Rental Income: $2266 Airbnb ROI: 2.92% Traditional ROI: 11.31%
5135 Hickory Lane Klamath Falls, OR Perfectly laid out home with 4 bedrooms, including a huge primary, PLUS an office. When yo...	4 beds \| 3 baths \| 2,458 sq.ft.	$440,000	Airbnb cash on cash: 2.58% Traditional cash on cash: 6.97% Airbnb Rental Income: $2557 Traditional Rental Income: $3750 Airbnb ROI: 2.58% Traditional ROI: 6.97%
3922 Gregory Drive Klamath Falls, OR Move-In Ready 3 Bed, 2 Bath with Bonus Room - Great Location!This updated home has it all ...	3 beds \| 2 baths \| 1,646 sq.ft.	$339,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 7.63% Airbnb Rental Income: $1344 Traditional Rental Income: $2993 Airbnb ROI: 1.16% Traditional ROI: 7.63%
4813 Falcon Drive Klamath Falls, OR One of a kind townhome with great water and mountain views. The exceptional 3 bedroom 2.5...	3 beds \| 3 baths \| 1,725 sq.ft.	$379,000	Airbnb cash on cash: -1.35% Traditional cash on cash: 4.23% Airbnb Rental Income: $1344 Traditional Rental Income: $2916 Airbnb ROI: -1.35% Traditional ROI: 4.23%
8111 Highway 66 Klamath Falls, OR Charming home with great river and valley views! Country feel just minutes from town! Welc...	3 beds \| 3 baths \| 2,464 sq.ft.	$419,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 8.52% Airbnb Rental Income: $1344 Traditional Rental Income: $4024 Airbnb ROI: 0.64% Traditional ROI: 8.52%
1117 Riverside Drive Klamath Falls, OR This property is a hidden gem with a lot of potential! With over 8 acres, there's plenty o...	2 beds \| 2 baths \| 1,242 sq.ft.	$400,000	Airbnb cash on cash: 0.47% Traditional cash on cash: 4.66% Airbnb Rental Income: $1267 Traditional Rental Income: $2438 Airbnb ROI: 0.47% Traditional ROI: 4.66%
2545 Darrow Avenue Klamath Falls, OR Come take a look at this delightful 2-bedroom, 1-bathroom home that offers more than just ...	2 beds \| 1 baths \| 1,136 sq.ft.	$359,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 6.71% Airbnb Rental Income: $1267 Traditional Rental Income: $2898 Airbnb ROI: 0.68% Traditional ROI: 6.71%
2234 Garden Avenue Klamath Falls, OR Beautifully updated two-story home with numerous extras, centrally located for convenience...	3 beds \| 4 baths \| 2,247 sq.ft.	$349,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 10.45% Airbnb Rental Income: $1344 Traditional Rental Income: $4154 Airbnb ROI: 0.62% Traditional ROI: 10.45%
2080 Etna Street Klamath Falls, OR Welcome to this charming well-kept 3 bedroom, 1 bathroom home located in a quiet south sub...	3 beds \| 1 baths \| 1,371 sq.ft.	$254,000	Airbnb cash on cash: 1.85% Traditional cash on cash: 8.54% Airbnb Rental Income: $1344 Traditional Rental Income: $2537 Airbnb ROI: 1.85% Traditional ROI: 8.54%
5814 Harlan Drive Klamath Falls, OR This charming three-bedroom, two-bathroom home is a fantastic choice for anyone looking fo...	3 beds \| 2 baths \| 1,487 sq.ft.	$324,900	Airbnb cash on cash: 1.22% Traditional cash on cash: 4.94% Airbnb Rental Income: $1344 Traditional Rental Income: $2067 Airbnb ROI: 1.22% Traditional ROI: 4.94%
1073 Timber Ridge Loop Klamath Falls, OR Welcome to this beautifully maintained home in the highly sought after Ridgewater neighbor...	2 beds \| 3 baths \| 1,473 sq.ft.	$515,000	Airbnb cash on cash: -0.83% Traditional cash on cash: 3.24% Airbnb Rental Income: $1267 Traditional Rental Income: $2830 Airbnb ROI: -0.83% Traditional ROI: 3.24%
1180 Crescent Avenue Klamath Falls, OR Super cute craftsman home with 11 FT ceilings, in an ideal location, downtown Klamath Fal...	3 beds \| 2 baths \| 1,284 sq.ft.	$254,900	Airbnb cash on cash: 1.99% Traditional cash on cash: 9.87% Airbnb Rental Income: $1344 Traditional Rental Income: $2829 Airbnb ROI: 1.99% Traditional ROI: 9.87%
1210 Wild Plum Drive Klamath Falls, OR Drive by this gem and then call for appt. The entry is only the beginning. This custom des...	3 beds \| 3 baths \| 3,045 sq.ft.	$668,000	Airbnb cash on cash: -0.46% Traditional cash on cash: 4.69% Airbnb Rental Income: $1344 Traditional Rental Income: $4139 Airbnb ROI: -0.46% Traditional ROI: 4.69%
5705 Casa Way Klamath Falls, OR Clean turn-key single story home located on a quiet street. New roof as well as a new hvac...	3 beds \| 1 baths \| 1,069 sq.ft.	$262,500	Airbnb cash on cash: 1.8% Traditional cash on cash: 4.25% Airbnb Rental Income: $1344 Traditional Rental Income: $1539 Airbnb ROI: 1.8% Traditional ROI: 4.25%
318 Riverside Drive Klamath Falls, OR This spacious property features 2 large bedrooms, 1.5 baths, and an open floor plan perfec...	2 beds \| 2 baths \| 1,144 sq.ft.	$228,800	Airbnb cash on cash: 1.81% Traditional cash on cash: 9.52% Airbnb Rental Income: $1267 Traditional Rental Income: $2536 Airbnb ROI: 1.81% Traditional ROI: 9.52%
5841 N Hills Drive Klamath Falls, OR Discover your dream home in the coveted North Hills neighborhood! This spacious 4-bedroom ...	4 beds \| 2 baths \| 2,064 sq.ft.	$439,000	Airbnb cash on cash: 2.41% Traditional cash on cash: 5.66% Airbnb Rental Income: $2557 Traditional Rental Income: $3281 Airbnb ROI: 2.41% Traditional ROI: 5.66%

Real Estate investment in Klamath-falls, OR

There are 372 properties for sale in the city of Klamath Falls . The median list price in Klamath Falls is $360,000 and the average price per square foot is $194. In November 2025, the average monthly cash on cash return in Klamath Falls is 6.00%. The average monthly rental income in Klamath Falls is $2,848.

Klamath-falls, OR Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 372 investment properties available for sale in Klamath-falls.

In 2025, the best neighborhood to buy investment property is Klamath Falls.

The ROI for Long-Term is higher than the Short-Term in Klamath-falls with average rental income of $2,848.

Your search for investment property begins and ends here

Investment Property for Sale in Klamath Falls, OR

10712 Kestrel Rd

Klamath Falls, OR

4 beds | 3 baths | 3,039 sq.ft.

$650,000

Airbnb cash on cash: 0.95%

Traditional cash on cash: 4.39%

Airbnb Rental Income: $2557

Traditional Rental Income: $4029

Airbnb ROI: 0.95%

Traditional ROI: 4.39%

10509 Waxwing Court

Klamath Falls, OR

3 beds | 2 baths | 2,675 sq.ft.

$885,000

Airbnb cash on cash: -0.82%

Traditional cash on cash: 2.63%

Airbnb Rental Income: $1344

Traditional Rental Income: $3779

Airbnb ROI: -0.82%

Traditional ROI: 2.63%

4647 Marsh Hawk Drive

Klamath Falls, OR

3 beds | 2 baths | 1,543 sq.ft.

$370,000

Airbnb cash on cash: -0.72%

Traditional cash on cash: 4.33%

Airbnb Rental Income: $1344

Traditional Rental Income: $2684

Airbnb ROI: -0.72%

Traditional ROI: 4.33%

5122 Bryant Avenue

Klamath Falls, OR

3 beds | 4 baths | 3,205 sq.ft.

$479,000

Airbnb cash on cash: 0.1%

Traditional cash on cash: 5.51%

Airbnb Rental Income: $1344

Traditional Rental Income: $3357

Airbnb ROI: 0.1%

Traditional ROI: 5.51%

1530 California Avenue

Klamath Falls, OR

4 beds | 3 baths | 1,500 sq.ft.

$290,000

Airbnb cash on cash: 5.01%

Traditional cash on cash: 10.15%

Airbnb Rental Income: $2557

Traditional Rental Income: $3345

Airbnb ROI: 5.01%

Traditional ROI: 10.15%

1335 Lakeview Avenue

Klamath Falls, OR

3 beds | 2 baths | 1,664 sq.ft.

$339,000

Airbnb cash on cash: 1.16%

Traditional cash on cash: 6.55%

Airbnb Rental Income: $1344

Traditional Rental Income: $2649

Airbnb ROI: 1.16%

Traditional ROI: 6.55%

2106 Dawn Drive

Klamath Falls, OR

3 beds | 2 baths | 1,534 sq.ft.

$320,000

Airbnb cash on cash: 1.2%

Traditional cash on cash: 7.34%

Airbnb Rental Income: $1344

Traditional Rental Income: $2781

Airbnb ROI: 1.2%

Traditional ROI: 7.34%

12575 Highway 66

Klamath Falls, OR

2 beds | 1 baths | 1,807 sq.ft.

$489,900

Airbnb cash on cash: 0.5%

Traditional cash on cash: 2.97%

Airbnb Rental Income: $1267

Traditional Rental Income: $1998

Airbnb ROI: 0.5%