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 Road 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.	$625,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 4.6% Airbnb Rental Income: $1721 Traditional Rental Income: $4029 Airbnb ROI: -0.17% Traditional ROI: 4.6%
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: -1.69% Traditional cash on cash: 4.33% Airbnb Rental Income: $938 Traditional Rental Income: $2684 Airbnb ROI: -1.69% Traditional ROI: 4.33%
5122 Bryant Ave Klamath Falls, OR This impressive property offers the perfect combination of space, functionality, and energ...	3 beds \| 3 baths \| 3,205 sq.ft.	$479,000	Airbnb cash on cash: -0.66% Traditional cash on cash: 5.51% Airbnb Rental Income: $938 Traditional Rental Income: $3357 Airbnb ROI: -0.66% Traditional ROI: 5.51%
1512 Summers Ln Klamath Falls, OR Sellers are Motivated to sell this Charming 3-bedroom, 1-bath home on a .47-acre lot, PLUS...	3 beds \| 1 baths \| 1,064 sq.ft.	$225,000	Airbnb cash on cash: 0.6% Traditional cash on cash: 4.39% Airbnb Rental Income: $938 Traditional Rental Income: $1441 Airbnb ROI: 0.6% Traditional ROI: 4.39%
2506 Homedale Rd Klamath Falls, OR South Suburbs location on a level 0.37-acre lot in Klamath Falls. This 2-bed, 1-bath home ...	2 beds \| 1 baths \| 824 sq.ft.	$205,000	Airbnb cash on cash: 0.06% Traditional cash on cash: 4.15% Airbnb Rental Income: $737 Traditional Rental Income: $1222 Airbnb ROI: 0.06% Traditional ROI: 4.15%
2546 Applegate Avenue Klamath Falls, OR Priced right and ready to move! Come take a look at this charming 2-bedroom, 1-bath home l...	2 beds \| 1 baths \| 797 sq.ft.	$207,850	Airbnb cash on cash: 0.17% Traditional cash on cash: 8.13% Airbnb Rental Income: $737 Traditional Rental Income: $1994 Airbnb ROI: 0.17% Traditional ROI: 8.13%
1335 Lakeview Ave Klamath Falls, OR You will love this move in ready well-built home.The home features a new roof, fresh paint...	2 beds \| 2 baths \| 1,664 sq.ft.	$317,000	Airbnb cash on cash: -0.39% Traditional cash on cash: 7.07% Airbnb Rental Income: $737 Traditional Rental Income: $2649 Airbnb ROI: -0.39% Traditional ROI: 7.07%
10211 Old Fort Road Klamath Falls, OR Back on the market at no fault of its own! Spacious 2,836 sq ft Engineered Metal A- Frame ...	3 beds \| 3 baths \| 2,836 sq.ft.	$475,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 4.14% Airbnb Rental Income: $938 Traditional Rental Income: $2580 Airbnb ROI: -0.33% Traditional ROI: 4.14%
5040 Swallow Ct Klamath Falls, OR GREAT PRICE AND LOCATION - DUPLEX TOWNHOME WITH GARAGE AT THE RUNNING Y RESORT! Painted c...	3 beds \| 3 baths \| 1,940 sq.ft.	$414,000	Airbnb cash on cash: -2.65% Traditional cash on cash: 5.32% Airbnb Rental Income: $938 Traditional Rental Income: $3685 Airbnb ROI: -2.65% Traditional ROI: 5.32%
324 Mountain View Blvd Klamath Falls, OR Perfect blend of style, comfort & functionality in this impressive 3-bedroom, 2.5-bathroom...	3 beds \| 2 baths \| 1,914 sq.ft.	$444,000	Airbnb cash on cash: -0.76% Traditional cash on cash: 3.61% Airbnb Rental Income: $938 Traditional Rental Income: $2410 Airbnb ROI: -0.76% Traditional ROI: 3.61%
731 Rose St Klamath Falls, OR Move-in ready 3 bedroom, 2 bathroom home tucked away on a quiet, dead-end street in a desi...	3 beds \| 2 baths \| 1,338 sq.ft.	$239,900	Airbnb cash on cash: 0.64% Traditional cash on cash: 9.4% Airbnb Rental Income: $938 Traditional Rental Income: $2579 Airbnb ROI: 0.64% Traditional ROI: 9.4%
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.	$199,000	Airbnb cash on cash: 0.06% Traditional cash on cash: 8.83% Airbnb Rental Income: $737 Traditional Rental Income: $2082 Airbnb ROI: 0.06% Traditional ROI: 8.83%
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: 0.26% Traditional cash on cash: 5.17% Airbnb Rental Income: $1721 Traditional Rental Income: $3871 Airbnb ROI: 0.26% Traditional ROI: 5.17%
4649 Harrier Dr Klamath Falls, OR Beautifully maintained 2-bedroom, 2-bathroom chalet located in the desirable Running Y Ran...	2 beds \| 2 baths \| 1,486 sq.ft.	$340,000	Airbnb cash on cash: -1.79% Traditional cash on cash: 4.21% Airbnb Rental Income: $737 Traditional Rental Income: $2342 Airbnb ROI: -1.79% Traditional ROI: 4.21%
1201 Front St 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.	$475,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 7.36% Airbnb Rental Income: $1721 Traditional Rental Income: $4401 Airbnb ROI: 0.45% Traditional ROI: 7.36%
11629 Merganser Rd Klamath Falls, OR SPACIOUS HOME WITH COMFORTABLE LIVING SPACES AT THE RUNNING Y RESORT. Beautifully maintain...	4 beds \| 3 baths \| 4,009 sq.ft.	$880,000	Airbnb cash on cash: -0.84% Traditional cash on cash: 2.59% Airbnb Rental Income: $1721 Traditional Rental Income: $4054 Airbnb ROI: -0.84% Traditional ROI: 2.59%
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.	$389,000	Airbnb cash on cash: 1% Traditional cash on cash: 3.7% Airbnb Rental Income: $1721 Traditional Rental Income: $2230 Airbnb ROI: 1% Traditional ROI: 3.7%
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.	$290,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 5.35% Airbnb Rental Income: $938 Traditional Rental Income: $2150 Airbnb ROI: -0.36% Traditional ROI: 5.35%
825 California Ave Klamath Falls, OR 3 bd/1.5 ba house with ample back yard and shop, close to downtown shopping and restaurant...	3 beds \| 1 baths \| 1,270 sq.ft.	$270,000	Airbnb cash on cash: 0.24% Traditional cash on cash: 8.18% Airbnb Rental Income: $938 Traditional Rental Income: $2613 Airbnb ROI: 0.24% Traditional ROI: 8.18%
26842 Forest Park Ln 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: 0.01% Traditional cash on cash: 6.24% Airbnb Rental Income: $737 Traditional Rental Income: $2068 Airbnb ROI: 0.01% Traditional ROI: 6.24%
200 Conger Ave Klamath Falls, OR Amazing Link River riverfront property setting with direct river access for kayaking and w...	4 beds \| 2 baths \| 2,930 sq.ft.	$519,000	Airbnb cash on cash: 0.52% Traditional cash on cash: 7.51% Airbnb Rental Income: $1721 Traditional Rental Income: $4633 Airbnb ROI: 0.52% Traditional ROI: 7.51%
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: 0.73% Traditional cash on cash: 11.44% Airbnb Rental Income: $938 Traditional Rental Income: $3113 Airbnb ROI: 0.73% Traditional ROI: 11.44%
5135 Hickory Ln Klamath Falls, OR Perfectly laid out home with 4 bedrooms, including a huge primary, PLUS an office. When yo...	4 beds \| 2 baths \| 2,458 sq.ft.	$435,000	Airbnb cash on cash: 0.89% Traditional cash on cash: 6.97% Airbnb Rental Income: $1721 Traditional Rental Income: $3750 Airbnb ROI: 0.89% Traditional ROI: 6.97%
5485 Lockford Drive Klamath Falls, OR Very clean and turn key cottage style home. Fresh interior paint, with a functional living...	2 beds \| 1 baths \| 820 sq.ft.	$258,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 7.51% Airbnb Rental Income: $737 Traditional Rental Income: $2306 Airbnb ROI: -0.21% Traditional ROI: 7.51%
703 Mitchell Street Klamath Falls, OR More photos coming soon! Welcome to 703 Mitchell Street, a warm and inviting 3-bed, 1-bath...	3 beds \| 1 baths \| 1,050 sq.ft.	$199,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 8.16% Airbnb Rental Income: $938 Traditional Rental Income: $1979 Airbnb ROI: 0.82% Traditional ROI: 8.16%
5147 Gatewood Dr Klamath Falls, OR This Gatewood beauty is on a corner lot and has an oversized garage with work area. Great ...	3 beds \| 2 baths \| 2,218 sq.ft.	$429,500	Airbnb cash on cash: -0.59% Traditional cash on cash: 7.13% Airbnb Rental Income: $938 Traditional Rental Income: $3697 Airbnb ROI: -0.59% Traditional ROI: 7.13%
2545 Darrow Ave 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: -0.63% Traditional cash on cash: 6.71% Airbnb Rental Income: $737 Traditional Rental Income: $2898 Airbnb ROI: -0.63% Traditional ROI: 6.71%
5814 Harlan Dr 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.	$319,900	Airbnb cash on cash: 0.13% Traditional cash on cash: 5.03% Airbnb Rental Income: $938 Traditional Rental Income: $2067 Airbnb ROI: 0.13% Traditional ROI: 5.03%
1073 Timber Ridge Loop Klamath Falls, OR Welcome to this beautifully maintained home in the highly sought after Ridgewater neighbor...	2 beds \| 2 baths \| 1,473 sq.ft.	$515,000	Airbnb cash on cash: -1.75% Traditional cash on cash: 3.24% Airbnb Rental Income: $737 Traditional Rental Income: $2830 Airbnb ROI: -1.75% Traditional ROI: 3.24%
1180 Crescent Ave 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: 0.58% Traditional cash on cash: 9.87% Airbnb Rental Income: $938 Traditional Rental Income: $2829 Airbnb ROI: 0.58% Traditional ROI: 9.87%
5101 Laurelwood Drive Klamath Falls, OR This spacious, well-maintained 4 bed, 2 bath home offers a layout designed for comfort & e...	4 beds \| 2 baths \| 2,052 sq.ft.	$420,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 1.87% Airbnb Rental Income: $1721 Traditional Rental Income: $1542 Airbnb ROI: 1.12% Traditional ROI: 1.87%
3218 Summers Lane Klamath Falls, OR Set back on a generous lot, this home has it all. This 2 bedroom, 2 bathroom home offers c...	2 beds \| 2 baths \| 1,728 sq.ft.	$325,000	Airbnb cash on cash: -0.38% Traditional cash on cash: 6.89% Airbnb Rental Income: $737 Traditional Rental Income: $2647 Airbnb ROI: -0.38% Traditional ROI: 6.89%
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: -0.23% Traditional cash on cash: 9.52% Airbnb Rental Income: $737 Traditional Rental Income: $2536 Airbnb ROI: -0.23% Traditional ROI: 9.52%
2411 Vermont St Klamath Falls, OR This 3-bedroom, 2-bath home offers country living with modern upgrades. a fully remodeled ...	3 beds \| 2 baths \| 1,980 sq.ft.	$548,900	Airbnb cash on cash: -0.51% Traditional cash on cash: 2.16% Airbnb Rental Income: $938 Traditional Rental Income: $1961 Airbnb ROI: -0.51% Traditional ROI: 2.16%
4121 Altamont Dr Klamath Falls, OR Over 1/2 ACRE! This home was stripped to the studs and totally renovated in 2019! Circular...	3 beds \| 2 baths \| 2,045 sq.ft.	$425,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 4.62% Airbnb Rental Income: $938 Traditional Rental Income: $2458 Airbnb ROI: -0.07% Traditional ROI: 4.62%
6405 Ventura Dr Klamath Falls, OR Well-maintained 3 bedroom, 2 bathroom home with office located in a highly desirable area ...	3 beds \| 2 baths \| 2,008 sq.ft.	$474,900	Airbnb cash on cash: -0.55% Traditional cash on cash: 5.29% Airbnb Rental Income: $938 Traditional Rental Income: $3191 Airbnb ROI: -0.55% Traditional ROI: 5.29%
10119 Wright Avenue Klamath Falls, OR Adorable, Well-Maintained Home in the Henley District. Welcome to this charming 3-bedroom,...	3 beds \| 2 baths \| 1,347 sq.ft.	$254,900	Airbnb cash on cash: -0.63% Traditional cash on cash: 5.12% Airbnb Rental Income: $938 Traditional Rental Income: $1978 Airbnb ROI: -0.63% Traditional ROI: 5.12%
5008 Amberview Ln Klamath Falls, OR Well maintained 3 bedroom 2 bath home with great curb appeal on a large completely fenced ...	3 beds \| 2 baths \| 1,856 sq.ft.	$499,000	Airbnb cash on cash: -0.55% Traditional cash on cash: 4.81% Airbnb Rental Income: $938 Traditional Rental Income: $3097 Airbnb ROI: -0.55% Traditional ROI: 4.81%
12473 Overland Dr Klamath Falls, OR Come take a look at this beautiful Custom-built Home with a 30x40 shop in the desirable He...	3 beds \| 2 baths \| 1,771 sq.ft.	$519,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 4.41% Airbnb Rental Income: $938 Traditional Rental Income: $2976 Airbnb ROI: -0.5% Traditional ROI: 4.41%
167 Peach Street Klamath Falls, OR Welcome to this single level home located at 167 Peach Street in the heart of Klamath Fall...	3 beds \| 2 baths \| 1,702 sq.ft.	$325,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 7.18% Airbnb Rental Income: $938 Traditional Rental Income: $2923 Airbnb ROI: -0.45% Traditional ROI: 7.18%

Real Estate investment in Klamath-falls, OR

There are 277 properties for sale in the city of Klamath Falls . The median list price in Klamath Falls is $352,500 and the average price per square foot is $188. In February 2026, the average monthly cash on cash return in Klamath Falls is 6.00%. The average monthly rental income in Klamath Falls is $2,805.

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

There are 277 investment properties available for sale in Klamath-falls.

In 2026, the best neighborhood to buy investment property is Klamath Falls.

The ROI for Short-Term is higher than the Long-Term in Klamath-falls with average rental income of $938.

Your search for investment property begins and ends here

Investment Property for Sale in Klamath Falls, OR

10712 Kestrel Road

Klamath Falls, OR

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

$625,000

Airbnb cash on cash: -0.17%

Traditional cash on cash: 4.6%

Airbnb Rental Income: $1721

Traditional Rental Income: $4029

Airbnb ROI: -0.17%

Traditional ROI: 4.6%

4647 Marsh Hawk Drive

Klamath Falls, OR

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

$370,000

Airbnb cash on cash: -1.69%

Traditional cash on cash: 4.33%

Airbnb Rental Income: $938

Traditional Rental Income: $2684

Airbnb ROI: -1.69%

Traditional ROI: 4.33%

5122 Bryant Ave

Klamath Falls, OR

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

$479,000

Airbnb cash on cash: -0.66%

Traditional cash on cash: 5.51%

Airbnb Rental Income: $938

Traditional Rental Income: $3357

Airbnb ROI: -0.66%

Traditional ROI: 5.51%

1512 Summers Ln

Klamath Falls, OR

3 beds | 1 baths | 1,064 sq.ft.

$225,000

Airbnb cash on cash: 0.6%

Traditional cash on cash: 4.39%

Airbnb Rental Income: $938

Traditional Rental Income: $1441

Airbnb ROI: 0.6%

Traditional ROI: 4.39%

2506 Homedale Rd

Klamath Falls, OR

2 beds | 1 baths | 824 sq.ft.

$205,000

Airbnb cash on cash: 0.06%

Traditional cash on cash: 4.15%

Airbnb Rental Income: $737

Traditional Rental Income: $1222

Airbnb ROI: 0.06%

Traditional ROI: 4.15%

2546 Applegate Avenue

Klamath Falls, OR

2 beds | 1 baths | 797 sq.ft.

$207,850

Airbnb cash on cash: 0.17%

Traditional cash on cash: 8.13%

Airbnb Rental Income: $737

Traditional Rental Income: $1994

Airbnb ROI: 0.17%

Traditional ROI: 8.13%

1335 Lakeview Ave

Klamath Falls, OR

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

$317,000

Airbnb cash on cash: -0.39%

Traditional cash on cash: 7.07%

Airbnb Rental Income: $737

Traditional Rental Income: $2649

Airbnb ROI: -0.39%

Traditional ROI: 7.07%

10211 Old Fort Road

Klamath Falls, OR

3 beds | 3 baths | 2,836 sq.ft.

$475,000

Airbnb cash on cash: -0.33%

Traditional cash on cash: 4.14%

Airbnb Rental Income: $938

Traditional Rental Income: $2580

Airbnb ROI: -0.33%