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
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: -0.45% Traditional cash on cash: 2.63% Airbnb Rental Income: $1713 Traditional Rental Income: $3779 Airbnb ROI: -0.45% 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: 0.17% Traditional cash on cash: 4.33% Airbnb Rental Income: $1713 Traditional Rental Income: $2684 Airbnb ROI: 0.17% Traditional ROI: 4.33%
6826 Dunlin Lane Klamath Falls, OR Contemporary Open Floor Plan With Walls of Windows! Frank Lloyd Wright inspired, the archi...	3 beds \| 3 baths \| 3,490 sq.ft.	$775,000	Airbnb cash on cash: -0.44% Traditional cash on cash: 4.42% Airbnb Rental Income: $1713 Traditional Rental Income: $4747 Airbnb ROI: -0.44% Traditional ROI: 4.42%
6734 Coopers Hawk Road Klamath Falls, OR One-of-a-kind quality custom home located in a top rated 18-hole Arnold Palmer golf course...	3 beds \| 4 baths \| 3,272 sq.ft.	$665,000	Airbnb cash on cash: -0.27% Traditional cash on cash: 3.73% Airbnb Rental Income: $1713 Traditional Rental Income: $3720 Airbnb ROI: -0.27% Traditional ROI: 3.73%
300 Mt Pitt Street Klamath Falls, OR Come home to stunning views of Klamath Lake and surrounding mountains in this well-maintai...	3 beds \| 2 baths \| 1,366 sq.ft.	$310,000	Airbnb cash on cash: 2.11% Traditional cash on cash: 7.97% Airbnb Rental Income: $1713 Traditional Rental Income: $2949 Airbnb ROI: 2.11% Traditional ROI: 7.97%
2427 Eberlein Avenue Klamath Falls, OR Cute as can be! Three bed and one bath, very well kept home on a spacious lot. A Bonus Roo...	3 beds \| 1 baths \| 1,317 sq.ft.	$229,000	Airbnb cash on cash: 3.41% Traditional cash on cash: 8.48% Airbnb Rental Income: $1713 Traditional Rental Income: $2337 Airbnb ROI: 3.41% Traditional ROI: 8.48%
1335 Lakeview Avenue Klamath Falls, OR Home near downtown with wonderful use of space! Large Livingroom, kitchen, dining area and...	2 beds \| 2 baths \| 1,664 sq.ft.	$350,000	Airbnb cash on cash: 1.44% Traditional cash on cash: 6.32% Airbnb Rental Income: $1480 Traditional Rental Income: $2649 Airbnb ROI: 1.44% Traditional ROI: 6.32%
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: 2.22% Traditional cash on cash: 7.34% Airbnb Rental Income: $1713 Traditional Rental Income: $2781 Airbnb ROI: 2.22% 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: 0.89% Traditional cash on cash: 2.97% Airbnb Rental Income: $1480 Traditional Rental Income: $1998 Airbnb ROI: 0.89% 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.	$525,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 3.66% Airbnb Rental Income: $1713 Traditional Rental Income: $2580 Airbnb ROI: 0.92% Traditional ROI: 3.66%
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: 1.56% Traditional cash on cash: 10.54% Airbnb Rental Income: $1713 Traditional Rental Income: $4190 Airbnb ROI: 1.56% Traditional ROI: 10.54%
2839 Kane Street Klamath Falls, OR Versatile property on a 0.77-acre lot featuring a 24' x 30' shop with 14' ceilings, two 10...	3 beds \| 2 baths \| 1,568 sq.ft.	$345,000	Airbnb cash on cash: 1.95% Traditional cash on cash: 6.74% Airbnb Rental Income: $1713 Traditional Rental Income: $2789 Airbnb ROI: 1.95% Traditional ROI: 6.74%
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: -0.68% Traditional cash on cash: 5.55% Airbnb Rental Income: $1713 Traditional Rental Income: $3685 Airbnb ROI: -0.68% Traditional ROI: 5.55%
2311 Darrow Avenue Klamath Falls, OR Charming and move-in ready 2 bedroom, 1 bath home featuring hickory cabinets in the kitche...	2 beds \| 1 baths \| 818 sq.ft.	$218,000	Airbnb cash on cash: 3.13% Traditional cash on cash: 7.89% Airbnb Rental Income: $1480 Traditional Rental Income: $2027 Airbnb ROI: 3.13% Traditional ROI: 7.89%
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.	$225,000	Airbnb cash on cash: 2.85% Traditional cash on cash: 7.72% Airbnb Rental Income: $1480 Traditional Rental Income: $2082 Airbnb ROI: 2.85% Traditional ROI: 7.72%
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.	$229,000	Airbnb cash on cash: 2.9% Traditional cash on cash: 7.98% Airbnb Rental Income: $1480 Traditional Rental Income: $2145 Airbnb ROI: 2.9% Traditional ROI: 7.98%
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: 1.77% Traditional cash on cash: 5.17% Airbnb Rental Income: $2691 Traditional Rental Income: $3871 Airbnb ROI: 1.77% Traditional ROI: 5.17%
4791 Pine Grove Road Klamath Falls, OR Location Location Location!!!Super cute 2 bedroom 1 bath on 1.1 acres in Pine Grove. 25X3...	2 beds \| 1 baths \| 812 sq.ft.	$259,000	Airbnb cash on cash: 2.37% Traditional cash on cash: 7.08% Airbnb Rental Income: $1480 Traditional Rental Income: $2195 Airbnb ROI: 2.37% Traditional ROI: 7.08%
1201 Front Street Klamath Falls, OR This exceptional 4-bedroom, 3-bathroom residence--featuring two primary suites--offers a b...	4 beds \| 3 baths \| 2,720 sq.ft.	$499,000	Airbnb cash on cash: 2.16% Traditional cash on cash: 7.19% Airbnb Rental Income: $2691 Traditional Rental Income: $4401 Airbnb ROI: 2.16% 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: 3.11% Traditional cash on cash: 3.59% Airbnb Rental Income: $2691 Traditional Rental Income: $2230 Airbnb ROI: 3.11% Traditional ROI: 3.59%
4939 Sumac Court Klamath Falls, OR LOOKING FOR A SHOP and a great home in the suburbs on a cul-de-sac ? 3 bedrooms 2 baths ...	3 beds \| 2 baths \| 1,708 sq.ft.	$299,000	Airbnb cash on cash: 2.41% Traditional cash on cash: 8.76% Airbnb Rental Income: $1713 Traditional Rental Income: $3025 Airbnb ROI: 2.41% Traditional ROI: 8.76%
29341 Sloan Street Klamath Falls, OR Such a cute property. Live here all year long or perfect for Seasonal living and AirBnb. C...	2 beds \| 2 baths \| 1,608 sq.ft.	$347,500	Airbnb cash on cash: 1.53% Traditional cash on cash: 6.76% Airbnb Rental Income: $1480 Traditional Rental Income: $2751 Airbnb ROI: 1.53% Traditional ROI: 6.76%
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.	$290,000	Airbnb cash on cash: 2.24% Traditional cash on cash: 5.99% Airbnb Rental Income: $1480 Traditional Rental Income: $2068 Airbnb ROI: 2.24% Traditional ROI: 5.99%
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: 3.98% Traditional cash on cash: 11.31% Airbnb Rental Income: $1480 Traditional Rental Income: $2266 Airbnb ROI: 3.98% Traditional ROI: 11.31%
2025 Lawrence Street Klamath Falls, OR Charming 4 bedroom, 2 bathroom, beautifully maintained house off of Pacific Terrace. Thre...	4 beds \| 2 baths \| 1,530 sq.ft.	$335,000	Airbnb cash on cash: 4.38% Traditional cash on cash: 5.65% Airbnb Rental Income: $2691 Traditional Rental Income: $2453 Airbnb ROI: 4.38% Traditional ROI: 5.65%
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.	$355,000	Airbnb cash on cash: 1.99% Traditional cash on cash: 7.25% Airbnb Rental Income: $1713 Traditional Rental Income: $2993 Airbnb ROI: 1.99% Traditional ROI: 7.25%
5336 Valleyview Lane Klamath Falls, OR Beautifully remodeled single-level home on 1 acre in scenic Klamath Falls! Enjoy a spaciou...	3 beds \| 2 baths \| 2,142 sq.ft.	$495,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 5.42% Airbnb Rental Income: $1713 Traditional Rental Income: $3293 Airbnb ROI: 0.98% Traditional ROI: 5.42%
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: -0.48% Traditional cash on cash: 4.23% Airbnb Rental Income: $1713 Traditional Rental Income: $2916 Airbnb ROI: -0.48% 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.	$435,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 8.18% Airbnb Rental Income: $1713 Traditional Rental Income: $4024 Airbnb ROI: 1.34% Traditional ROI: 8.18%
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.	$499,900	Airbnb cash on cash: 0.57% Traditional cash on cash: 3.55% Airbnb Rental Income: $1480 Traditional Rental Income: $2438 Airbnb ROI: 0.57% Traditional ROI: 3.55%
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.	$264,000	Airbnb cash on cash: 2.97% Traditional cash on cash: 8.19% Airbnb Rental Income: $1713 Traditional Rental Income: $2537 Airbnb ROI: 2.97% Traditional ROI: 8.19%
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.	$329,900	Airbnb cash on cash: 2.18% Traditional cash on cash: 4.85% Airbnb Rental Income: $1713 Traditional Rental Income: $2067 Airbnb ROI: 2.18% Traditional ROI: 4.85%
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: 0.04% Traditional cash on cash: 4.69% Airbnb Rental Income: $1713 Traditional Rental Income: $4139 Airbnb ROI: 0.04% 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: 3.04% Traditional cash on cash: 4.25% Airbnb Rental Income: $1713 Traditional Rental Income: $1539 Airbnb ROI: 3.04% Traditional ROI: 4.25%
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.	$449,000	Airbnb cash on cash: 2.6% Traditional cash on cash: 5.52% Airbnb Rental Income: $2691 Traditional Rental Income: $3281 Airbnb ROI: 2.6% Traditional ROI: 5.52%
6754 Willet Way Klamath Falls, OR Running Y home near the lake! This beautiful, furnished 4-bedroom, 2.5 bath home features...	4 beds \| 3 baths \| 2,558 sq.ft.	$625,000	Airbnb cash on cash: 1.3% Traditional cash on cash: 4.61% Airbnb Rental Income: $2691 Traditional Rental Income: $3982 Airbnb ROI: 1.3% Traditional ROI: 4.61%
620 N 3rd Street Klamath Falls, OR This fully updated Craftsman home blends classic character with modern convenience and com...	3 beds \| 2 baths \| 1,460 sq.ft.	$289,000	Airbnb cash on cash: 2.75% Traditional cash on cash: 9.35% Airbnb Rental Income: $1713 Traditional Rental Income: $3036 Airbnb ROI: 2.75% Traditional ROI: 9.35%
5738 Judy Court Klamath Falls, OR On a spacious corner lot in one of Klamath Falls' most sought-after areas, this 3 bedroom,...	3 beds \| 2 baths \| 1,999 sq.ft.	$419,900	Airbnb cash on cash: 0.96% Traditional cash on cash: 6.37% Airbnb Rental Income: $1713 Traditional Rental Income: $3366 Airbnb ROI: 0.96% Traditional ROI: 6.37%
11711 Turnstone Drive Klamath Falls, OR This beautifully maintained single-level 3-bedroom home with an office is nestled on a woo...	3 beds \| 2 baths \| 2,067 sq.ft.	$539,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 4.6% Airbnb Rental Income: $1713 Traditional Rental Income: $3447 Airbnb ROI: 0.22% Traditional ROI: 4.6%
1410 Lakeview Avenue Klamath Falls, OR Enjoy over 300 days of sunshine each year in beautiful Klamath Falls, OR! This well-mainta...	2 beds \| 1 baths \| 1,026 sq.ft.	$249,999	Airbnb cash on cash: 2.44% Traditional cash on cash: 6.83% Airbnb Rental Income: $1480 Traditional Rental Income: $2083 Airbnb ROI: 2.44% Traditional ROI: 6.83%

Real Estate investment in Klamath-falls, OR

There are 389 properties for sale in the city of Klamath Falls . The median list price in Klamath Falls is $375,000 and the average price per square foot is $201. In September 2025, the average monthly cash on cash return in Klamath Falls is 6.00%. The average monthly rental income in Klamath Falls is $2,864.

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

There are 389 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 $2,864.

Your search for investment property begins and ends here

Investment Property for Sale in Klamath Falls, OR

10509 Waxwing Court

Klamath Falls, OR

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

$885,000

Airbnb cash on cash: -0.45%

Traditional cash on cash: 2.63%

Airbnb Rental Income: $1713

Traditional Rental Income: $3779

Airbnb ROI: -0.45%

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: 0.17%

Traditional cash on cash: 4.33%

Airbnb Rental Income: $1713

Traditional Rental Income: $2684

Airbnb ROI: 0.17%

Traditional ROI: 4.33%

6826 Dunlin Lane

Klamath Falls, OR

3 beds | 3 baths | 3,490 sq.ft.

$775,000

Airbnb cash on cash: -0.44%

Traditional cash on cash: 4.42%

Airbnb Rental Income: $1713

Traditional Rental Income: $4747

Airbnb ROI: -0.44%

Traditional ROI: 4.42%

6734 Coopers Hawk Road

Klamath Falls, OR

3 beds | 4 baths | 3,272 sq.ft.

$665,000

Airbnb cash on cash: -0.27%

Traditional cash on cash: 3.73%

Airbnb Rental Income: $1713

Traditional Rental Income: $3720

Airbnb ROI: -0.27%

Traditional ROI: 3.73%

300 Mt Pitt Street

Klamath Falls, OR

3 beds | 2 baths | 1,366 sq.ft.

$310,000

Airbnb cash on cash: 2.11%

Traditional cash on cash: 7.97%

Airbnb Rental Income: $1713

Traditional Rental Income: $2949

Airbnb ROI: 2.11%

Traditional ROI: 7.97%

2427 Eberlein Avenue

Klamath Falls, OR

3 beds | 1 baths | 1,317 sq.ft.

$229,000

Airbnb cash on cash: 3.41%

Traditional cash on cash: 8.48%

Airbnb Rental Income: $1713

Traditional Rental Income: $2337

Airbnb ROI: 3.41%

Traditional ROI: 8.48%

1335 Lakeview Avenue

Klamath Falls, OR

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

$350,000

Airbnb cash on cash: 1.44%

Traditional cash on cash: 6.32%

Airbnb Rental Income: $1480

Traditional Rental Income: $2649

Airbnb ROI: 1.44%

Traditional ROI: 6.32%

2106 Dawn Drive

Klamath Falls, OR

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

$320,000

Airbnb cash on cash: 2.22%

Traditional cash on cash: 7.34%

Airbnb Rental Income: $1713

Traditional Rental Income: $2781

Airbnb ROI: 2.22%