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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
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: -0.2% Traditional cash on cash: 5.51% Airbnb Rental Income: $1184 Traditional Rental Income: $3357 Airbnb ROI: -0.2% Traditional ROI: 5.51%
6276 Bryant Avenue Klamath Falls, OR Welcome to this spacious ranch-style home in the desirable Moyina Heights area! Offering 4...	4 beds \| 3 baths \| 2,473 sq.ft.	$400,000	Airbnb cash on cash: 1.51% Traditional cash on cash: 2.21% Airbnb Rental Income: $1759 Traditional Rental Income: $1542 Airbnb ROI: 1.51% Traditional ROI: 2.21%
2533 Applegate Avenue Klamath Falls, OR Charming and full of character, this updated adorable 2-bedroom, 1-bath cottage sits in th...	2 beds \| 1 baths \| 804 sq.ft.	$210,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 8.25% Airbnb Rental Income: $950 Traditional Rental Income: $2040 Airbnb ROI: 1.03% Traditional ROI: 8.25%
5040 Swallow Court Klamath Falls, OR GREAT PRICE AND LOCATION - DUPLEX TOWNHOME WITH GARAGE AT THE RUNNING Y RESORT! Painted ca...	3 beds \| 4 baths \| 1,940 sq.ft.	$414,000	Airbnb cash on cash: -2.12% Traditional cash on cash: 5.32% Airbnb Rental Income: $1184 Traditional Rental Income: $3685 Airbnb ROI: -2.12% Traditional ROI: 5.32%
324 Mountain View Boulevard Klamath Falls, OR Perfect blend of style, comfort & functionality in this impressive 3-bedroom, 2.5-bathroom...	3 beds \| 3 baths \| 1,914 sq.ft.	$444,000	Airbnb cash on cash: -0.26% Traditional cash on cash: 3.62% Airbnb Rental Income: $1184 Traditional Rental Income: $2410 Airbnb ROI: -0.26% Traditional ROI: 3.62%
29450 Sloan Street Klamath Falls, OR Discover the ultimate mountain lake lifestyle at this versatile ''mini-resort'' in the hea...	3 beds \| 2 baths \| 2,048 sq.ft.	$769,000	Airbnb cash on cash: -0.23% Traditional cash on cash: 1.42% Airbnb Rental Income: $1184 Traditional Rental Income: $1979 Airbnb ROI: -0.23% Traditional ROI: 1.42%
4649 Harrier Drive 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: -1.23% Traditional cash on cash: 4.22% Airbnb Rental Income: $950 Traditional Rental Income: $2342 Airbnb ROI: -1.23% Traditional ROI: 4.22%
1201 Front Street Klamath Falls, OR Experience refined lakeside living in this exceptional 4-bedroom, 3-bath residence, ideall...	4 beds \| 3 baths \| 2,720 sq.ft.	$475,000	Airbnb cash on cash: 0.54% Traditional cash on cash: 7.57% Airbnb Rental Income: $1759 Traditional Rental Income: $4401 Airbnb ROI: 0.54% Traditional ROI: 7.57%
11629 Merganser Road 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: -0.8% Traditional cash on cash: 2.59% Airbnb Rental Income: $1759 Traditional Rental Income: $4054 Airbnb ROI: -0.8% Traditional ROI: 2.59%
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: 0.63% Traditional cash on cash: 6.19% Airbnb Rental Income: $950 Traditional Rental Income: $2068 Airbnb ROI: 0.63% Traditional ROI: 6.19%
200 Conger Avenue Klamath Falls, OR Amazing Link River riverfront property setting with direct river access for kayaking and w...	4 beds \| 3 baths \| 2,930 sq.ft.	$509,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 7.67% Airbnb Rental Income: $1759 Traditional Rental Income: $4633 Airbnb ROI: 0.62% Traditional ROI: 7.67%
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: 1.59% Traditional cash on cash: 11.44% Airbnb Rental Income: $1184 Traditional Rental Income: $3113 Airbnb ROI: 1.59% Traditional ROI: 11.44%
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.	$330,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 7.37% Airbnb Rental Income: $950 Traditional Rental Income: $2898 Airbnb ROI: -0.03% Traditional ROI: 7.37%
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.	$499,900	Airbnb cash on cash: -1.39% Traditional cash on cash: 3.37% Airbnb Rental Income: $950 Traditional Rental Income: $2830 Airbnb ROI: -1.39% Traditional ROI: 3.37%
3267 Hope Street Klamath Falls, OR Here is a fantastic, four bedrooms two bath Home in the suburbs with wonderful updates? Th...	4 beds \| 2 baths \| 2,062 sq.ft.	$380,000	Airbnb cash on cash: 1.63% Traditional cash on cash: 4.02% Airbnb Rental Income: $1759 Traditional Rental Income: $2129 Airbnb ROI: 1.63% Traditional ROI: 4.02%
6405 Ventura Drive 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: -0.09% Traditional cash on cash: 5.29% Airbnb Rental Income: $1184 Traditional Rental Income: $3191 Airbnb ROI: -0.09% Traditional ROI: 5.29%
5008 Amberview Lane 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.	$468,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 5.19% Airbnb Rental Income: $1184 Traditional Rental Income: $3097 Airbnb ROI: -0.06% Traditional ROI: 5.19%
12473 Overland Drive 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: -0.08% Traditional cash on cash: 4.41% Airbnb Rental Income: $1184 Traditional Rental Income: $2976 Airbnb ROI: -0.08% Traditional ROI: 4.41%
2234 Garden Avenue Klamath Falls, OR Beautifully updated two-story home with numerous extras, centrally located for convenience...	3 beds \| 3 baths \| 1,351 sq.ft.	$349,000	Airbnb cash on cash: 0.21% Traditional cash on cash: 9.04% Airbnb Rental Income: $1184 Traditional Rental Income: $3691 Airbnb ROI: 0.21% Traditional ROI: 9.04%
10613 Cormorant Court Klamath Falls, OR Fully furnished, desirable end unit townhome located in the peaceful and stunning Running ...	3 beds \| 3 baths \| 1,490 sq.ft.	$321,500	Airbnb cash on cash: -1.64% Traditional cash on cash: 4.04% Airbnb Rental Income: $1184 Traditional Rental Income: $2514 Airbnb ROI: -1.64% Traditional ROI: 4.04%
14107 Ravenwood Drive Klamath Falls, OR 1993 Manufactured home with 3 bedrooms, and 2 bathrooms, including a nice sized primary. S...	3 beds \| 2 baths \| 1,512 sq.ft.	$230,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 9.91% Airbnb Rental Income: $1184 Traditional Rental Income: $2557 Airbnb ROI: 1.82% Traditional ROI: 9.91%
5015 Falcon Drive Klamath Falls, OR Charming Running Y Resort Townhome with Stunning Views! This beautiful 3-bedroom, 2.5-bath...	3 beds \| 3 baths \| 1,725 sq.ft.	$335,000	Airbnb cash on cash: -1.91% Traditional cash on cash: 4.73% Airbnb Rental Income: $1184 Traditional Rental Income: $2890 Airbnb ROI: -1.91% Traditional ROI: 4.73%
4634 Harrier Drive Klamath Falls, OR Great Chalet at the Running Y Resort. 2-Car Garage with brand new carpet. HOA amenities in...	2 beds \| 3 baths \| 1,448 sq.ft.	$395,000	Airbnb cash on cash: -1.89% Traditional cash on cash: 3.31% Airbnb Rental Income: $950 Traditional Rental Income: $2530 Airbnb ROI: -1.89% Traditional ROI: 3.31%
5511 Shalynn Drive Klamath Falls, OR Experience terrific mountain views in this newer 4 bedroom open-concept home with huge pic...	4 beds \| 2 baths \| 1,881 sq.ft.	$435,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 1.43% Airbnb Rental Income: $1759 Traditional Rental Income: $1542 Airbnb ROI: 0.78% Traditional ROI: 1.43%
649 Front Street Klamath Falls, OR Charming Bungalow In Prime Location! Welcome to your beautifully updated 3-bedroom, 2-bath...	3 beds \| 2 baths \| 1,399 sq.ft.	$315,000	Airbnb cash on cash: 0.52% Traditional cash on cash: 4.87% Airbnb Rental Income: $1184 Traditional Rental Income: $2084 Airbnb ROI: 0.52% Traditional ROI: 4.87%
879 Lakeshore Drive Klamath Falls, OR Fantastic, affordable home conveniently located near the hospital, OIT, and Moore Park, si...	3 beds \| 2 baths \| 1,190 sq.ft.	$260,000	Airbnb cash on cash: 1.06% Traditional cash on cash: 5.87% Airbnb Rental Income: $1184 Traditional Rental Income: $1979 Airbnb ROI: 1.06% Traditional ROI: 5.87%
5704 Upland Drive Klamath Falls, OR Welcome home to this surprisingly spacious, solar powered, 3-bedroom, 2-bath North Hills g...	3 beds \| 2 baths \| 1,704 sq.ft.	$415,000	Airbnb cash on cash: 0.01% Traditional cash on cash: 2.97% Airbnb Rental Income: $1184 Traditional Rental Income: $1979 Airbnb ROI: 0.01% Traditional ROI: 2.97%
4631 Marsh Hawk Drive Klamath Falls, OR Outstanding Panorama Lake and Mountain view chalet offered at the Running Y. The beautiful...	3 beds \| 2 baths \| 1,352 sq.ft.	$349,000	Airbnb cash on cash: -0.68% Traditional cash on cash: 4.1% Airbnb Rental Income: $1184 Traditional Rental Income: $2412 Airbnb ROI: -0.68% Traditional ROI: 4.1%
10323 Merlin Way Klamath Falls, OR Stunning home in the sought-after Running Y Resort offers modern comfort, thoughtful desig...	4 beds \| 3 baths \| 2,076 sq.ft.	$477,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 5.48% Airbnb Rental Income: $1759 Traditional Rental Income: $3513 Airbnb ROI: 0.46% Traditional ROI: 5.48%
6640 Redding Street Klamath Falls, OR Thinking about getting into the rental business? Well here is your chance. This unique pro...	N/A beds \| N/A baths \| 1,100 sq.ft.	$360,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 3.96% Airbnb Rental Income: $1198 Traditional Rental Income: $1819 Airbnb ROI: 0.98% Traditional ROI: 3.96%
3879 Coronado Way Klamath Falls, OR Turn-key home featuring a comfortable and functional open-concept layout, creating a seaml...	3 beds \| 2 baths \| 1,829 sq.ft.	$395,000	Airbnb cash on cash: 0.37% Traditional cash on cash: 3.56% Airbnb Rental Income: $1184 Traditional Rental Income: $1979 Airbnb ROI: 0.37% Traditional ROI: 3.56%
10055 Westbrook Drive Klamath Falls, OR You won't want to miss this stand-alone home in the desirable Falcon Heights Community! Th...	3 beds \| 2 baths \| 1,431 sq.ft.	$275,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 7.07% Airbnb Rental Income: $1184 Traditional Rental Income: $2610 Airbnb ROI: 0.08% Traditional ROI: 7.07%
945 Hanks Street Klamath Falls, OR Tastefully updated, move-in ready, easy living home near Skylakes, OIT & Klamath Lake! Thi...	3 beds \| 2 baths \| 1,807 sq.ft.	$385,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 5.58% Airbnb Rental Income: $1184 Traditional Rental Income: $3216 Airbnb ROI: -1.12% Traditional ROI: 5.58%
1827 Summers Lane Klamath Falls, OR Incredible opportunity for a home buyer to purchase a property with two homes on it, live ...	5 beds \| 2 baths \| 1,941 sq.ft.	$330,000	Airbnb cash on cash: 3.6% Traditional cash on cash: 4.22% Airbnb Rental Income: $2241 Traditional Rental Income: $1870 Airbnb ROI: 3.6% Traditional ROI: 4.22%
3919 Redondo Way Klamath Falls, OR Step into a bright, inviting kitchen featuring ample custom cabinetry with convenient pull...	3 beds \| 2 baths \| 2,090 sq.ft.	$375,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 7.65% Airbnb Rental Income: $1184 Traditional Rental Income: $3333 Airbnb ROI: 0.44% Traditional ROI: 7.65%
11020 Kestrel Road Klamath Falls, OR AUTHENTIC LOG HOME AT THE RUNNING Y RESORT! A Honka Home design, this luxury log home boas...	2 beds \| 3 baths \| 2,137 sq.ft.	$650,000	Airbnb cash on cash: -1.18% Traditional cash on cash: -0.16% Airbnb Rental Income: $950 Traditional Rental Income: $1222 Airbnb ROI: -1.18% Traditional ROI: -0.16%
1081 Buck Island Drive Klamath Falls, OR Updated 4-bedroom, 3-bath home in the desirable Lynnewood neighborhood! The open-concept d...	4 beds \| 3 baths \| 1,872 sq.ft.	$468,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 6.44% Airbnb Rental Income: $1759 Traditional Rental Income: $3748 Airbnb ROI: 0.8% Traditional ROI: 6.44%
8131 Markgraf Lane Klamath Falls, OR Sellers are very motivated! Custom 5 bed, 4 bath home offers 4,681 sq ft of living space o...	5 beds \| 4 baths \| 4,681 sq.ft.	$759,000	Airbnb cash on cash: 0.36% Traditional cash on cash: N/A Airbnb Rental Income: $2241 Traditional Rental Income: $0 Airbnb ROI: 0.36% Traditional ROI: N/A
4366 Highland Way Klamath Falls, OR Step into this charming 3bedroom, 2bath home offering 1,056 square feet of comfortable liv...	3 beds \| 2 baths \| 1,056 sq.ft.	$299,000	Airbnb cash on cash: 1.09% Traditional cash on cash: 8.04% Airbnb Rental Income: $1184 Traditional Rental Income: $2754 Airbnb ROI: 1.09% Traditional ROI: 8.04%
4634 Cannon Avenue Klamath Falls, OR Welcome to this charming 2-bedroom, 1-bathroom cottage nestled in the highly desirable Sou...	2 beds \| 1 baths \| 900 sq.ft.	$169,900	Airbnb cash on cash: 1.64% Traditional cash on cash: 5.46% Airbnb Rental Income: $950 Traditional Rental Income: $1222 Airbnb ROI: 1.64% Traditional ROI: 5.46%

Real Estate investment in Klamath-falls, OR

There are 129 properties for sale in the city of Klamath Falls . The median list price in Klamath Falls is $344,500 and the average price per square foot is $187. In March 2026, the average monthly cash on cash return in Klamath Falls is 5.00%. The average monthly rental income in Klamath Falls is $2,168.

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

There are 129 investment properties available for sale in Klamath-falls.

In 2026, 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 $2,168.

Your search for investment property begins and ends here

Investment Property for Sale in Klamath Falls, OR

5122 Bryant Avenue

Klamath Falls, OR

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

$479,000

Airbnb cash on cash: -0.2%

Traditional cash on cash: 5.51%

Airbnb Rental Income: $1184

Traditional Rental Income: $3357

Airbnb ROI: -0.2%

Traditional ROI: 5.51%

6276 Bryant Avenue

Klamath Falls, OR

4 beds | 3 baths | 2,473 sq.ft.

$400,000

Airbnb cash on cash: 1.51%

Traditional cash on cash: 2.21%

Airbnb Rental Income: $1759

Traditional Rental Income: $1542

Airbnb ROI: 1.51%

Traditional ROI: 2.21%

2533 Applegate Avenue

Klamath Falls, OR

2 beds | 1 baths | 804 sq.ft.

$210,000

Airbnb cash on cash: 1.03%

Traditional cash on cash: 8.25%

Airbnb Rental Income: $950

Traditional Rental Income: $2040

Airbnb ROI: 1.03%

Traditional ROI: 8.25%

5040 Swallow Court

Klamath Falls, OR

3 beds | 4 baths | 1,940 sq.ft.

$414,000

Airbnb cash on cash: -2.12%

Traditional cash on cash: 5.32%

Airbnb Rental Income: $1184

Traditional Rental Income: $3685

Airbnb ROI: -2.12%

Traditional ROI: 5.32%

324 Mountain View Boulevard

Klamath Falls, OR

3 beds | 3 baths | 1,914 sq.ft.

$444,000

Airbnb cash on cash: -0.26%

Traditional cash on cash: 3.62%

Airbnb Rental Income: $1184

Traditional Rental Income: $2410

Airbnb ROI: -0.26%

Traditional ROI: 3.62%

29450 Sloan Street

Klamath Falls, OR

3 beds | 2 baths | 2,048 sq.ft.

$769,000

Airbnb cash on cash: -0.23%

Traditional cash on cash: 1.42%

Airbnb Rental Income: $1184

Traditional Rental Income: $1979

Airbnb ROI: -0.23%

Traditional ROI: 1.42%

4649 Harrier Drive

Klamath Falls, OR

2 beds | 2 baths | 1,486 sq.ft.

$340,000

Airbnb cash on cash: -1.23%

Traditional cash on cash: 4.22%

Airbnb Rental Income: $950

Traditional Rental Income: $2342

Airbnb ROI: -1.23%

Traditional ROI: 4.22%

1201 Front Street

Klamath Falls, OR

4 beds | 3 baths | 2,720 sq.ft.

$475,000

Airbnb cash on cash: 0.54%

Traditional cash on cash: 7.57%

Airbnb Rental Income: $1759

Traditional Rental Income: $4401

Airbnb ROI: 0.54%