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
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.	$469,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 5.65% Airbnb Rental Income: $1577 Traditional Rental Income: $3357 Airbnb ROI: 0.56% Traditional ROI: 5.65%
6276 Bryant Ave Klamath Falls, OR MOTIVATED SELLER! Welcome to this spacious ranch-style home in the desirable Moyina Height...	4 beds \| 3 baths \| 2,473 sq.ft.	$369,000	Airbnb cash on cash: 4.68% Traditional cash on cash: 9.37% Airbnb Rental Income: $3056 Traditional Rental Income: $4023 Airbnb ROI: 4.68% Traditional ROI: 9.37%
2045 Garden Avenue Klamath Falls, OR This 2-bedroom, 1-bathroom Ranch-style home offers 964 sq. ft. of living space and is read...	2 beds \| 1 baths \| 964 sq.ft.	$160,000	Airbnb cash on cash: 3.45% Traditional cash on cash: 10.7% Airbnb Rental Income: $1232 Traditional Rental Income: $1945 Airbnb ROI: 3.45% Traditional ROI: 10.7%
6352 Sanderling Rd Klamath Falls, OR SINGLE-LEVEL RUNNING Y RESORT HOME - Beautiful & peaceful setting with relaxed, resort-sty...	4 beds \| 3 baths \| 1,982 sq.ft.	$549,000	Airbnb cash on cash: 2.77% Traditional cash on cash: 5.18% Airbnb Rental Income: $3056 Traditional Rental Income: $3597 Airbnb ROI: 2.77% Traditional ROI: 5.18%
5040 Swallow Ct Klamath Falls, OR BEST PRICE AND LOCATION - DUPLEX TOWNHOME WITH GARAGE AT THE RUNNING Y RESORT! Painted cab...	3 beds \| 3 baths \| 1,940 sq.ft.	$379,000	Airbnb cash on cash: -1.3% Traditional cash on cash: 5.9% Airbnb Rental Income: $1577 Traditional Rental Income: $3685 Airbnb ROI: -1.3% Traditional ROI: 5.9%
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: 3.24% Airbnb Rental Income: $1577 Traditional Rental Income: $3282 Airbnb ROI: 0.23% Traditional ROI: 3.24%
2907 Homedale Road Klamath Falls, OR Adorable 2-bed / 2-bath brick home with hardwood floors, two living rooms, and a fully fen...	2 beds \| 2 baths \| 1,292 sq.ft.	$232,000	Airbnb cash on cash: 1.81% Traditional cash on cash: 10.54% Airbnb Rental Income: $1232 Traditional Rental Income: $2754 Airbnb ROI: 1.81% Traditional ROI: 10.54%
1936 Lancaster Ave Klamath Falls, OR Here is a super cute two bedroom one bath home close to OIT and sky Lakes Medical Center, ...	2 beds \| 1 baths \| 1,086 sq.ft.	$230,000	Airbnb cash on cash: 1.51% Traditional cash on cash: 7.33% Airbnb Rental Income: $1232 Traditional Rental Income: $2158 Airbnb ROI: 1.51% Traditional ROI: 7.33%
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.	$849,000	Airbnb cash on cash: 0.57% Traditional cash on cash: 2.72% Airbnb Rental Income: $3056 Traditional Rental Income: $4054 Airbnb ROI: 0.57% Traditional ROI: 2.72%
5118 Cherry Blossom Ln Klamath Falls, OR Perfectly laid out home with 4 bedrooms, including a huge primary with walk in closet, PLU...	4 beds \| 2 baths \| 2,446 sq.ft.	$480,000	Airbnb cash on cash: 3.53% Traditional cash on cash: 6.23% Airbnb Rental Income: $3056 Traditional Rental Income: $3494 Airbnb ROI: 3.53% Traditional ROI: 6.23%
5824 Independence Ave Klamath Falls, OR Wait no more--this just might be the one you've been looking for! Featuring two primary su...	4 beds \| 3 baths \| 2,600 sq.ft.	$469,000	Airbnb cash on cash: 3.7% Traditional cash on cash: 7.26% Airbnb Rental Income: $3056 Traditional Rental Income: $3921 Airbnb ROI: 3.7% Traditional ROI: 7.26%
5048 Swallow Ct Klamath Falls, OR Must See - Running Y townhome remodeled with a fresh new look. Kitchen includes white quar...	3 beds \| 3 baths \| 1,940 sq.ft.	$435,000	Airbnb cash on cash: -0.99% Traditional cash on cash: 2.96% Airbnb Rental Income: $1577 Traditional Rental Income: $2734 Airbnb ROI: -0.99% Traditional ROI: 2.96%
4815 Falcon Dr Klamath Falls, OR Exceptional opportunity to enjoy resort-style living in beautiful Southern Oregon 3 Bedroo...	3 beds \| 2 baths \| 1,725 sq.ft.	$325,000	Airbnb cash on cash: 1.52% Traditional cash on cash: 6.52% Airbnb Rental Income: $1577 Traditional Rental Income: $2652 Airbnb ROI: 1.52% Traditional ROI: 6.52%
219 Pine St Klamath Falls, OR Stunning brick Italianate Victorian masterpiece in the heart of Klamath Falls! This 1921 W...	3 beds \| 3 baths \| 3,248 sq.ft.	$486,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 9.63% Airbnb Rental Income: $1577 Traditional Rental Income: $5315 Airbnb ROI: 0.41% Traditional ROI: 9.63%
1011 Newcastle Ave Klamath Falls, OR Welcome to this beautifully maintained split-level home in the highly desirable Pacific Te...	4 beds \| 2 baths \| 2,088 sq.ft.	$425,000	Airbnb cash on cash: 3.73% Traditional cash on cash: 7.57% Airbnb Rental Income: $3056 Traditional Rental Income: $3888 Airbnb ROI: 3.73% Traditional ROI: 7.57%
1803 N Eldorado Ave Klamath Falls, OR Located in the desirable Hot Springs neighborhood, this spacious 4-bedroom, 3-bath home of...	4 beds \| 3 baths \| 2,342 sq.ft.	$372,000	Airbnb cash on cash: 4.32% Traditional cash on cash: 5.73% Airbnb Rental Income: $3056 Traditional Rental Income: $2849 Airbnb ROI: 4.32% Traditional ROI: 5.73%
3267 Hope St 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.	$365,000	Airbnb cash on cash: 4.9% Traditional cash on cash: 4.23% Airbnb Rental Income: $3056 Traditional Rental Income: $2129 Airbnb ROI: 4.9% Traditional ROI: 4.23%
5521 Benchwood Ave Klamath Falls, OR Beautifully maintained home located in Sky Ridge Estates, 3 bedrooms, 2 bath home offering...	3 beds \| 2 baths \| 1,997 sq.ft.	$455,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 5.04% Airbnb Rental Income: $1577 Traditional Rental Income: $3199 Airbnb ROI: 0.38% Traditional ROI: 5.04%
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.	$465,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 5.43% Airbnb Rental Income: $1577 Traditional Rental Income: $3191 Airbnb ROI: 0.68% Traditional ROI: 5.43%
7257 Hilyard Ave Klamath Falls, OR Welcome to this charming open-concept manufactured home set on a spacious 0.6-acre lot. Th...	3 beds \| 2 baths \| 1,742 sq.ft.	$350,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 7.97% Airbnb Rental Income: $1577 Traditional Rental Income: $3238 Airbnb ROI: 1.55% Traditional ROI: 7.97%
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.	$499,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 4.63% Airbnb Rental Income: $1577 Traditional Rental Income: $2976 Airbnb ROI: 0.66% Traditional ROI: 4.63%
11660 Kestrel Road Klamath Falls, OR ONE LEVEL HOME ON #6 GREEN AT THE RUNNING Y RESORT! First impressions start with the uniqu...	2 beds \| 2 baths \| 2,178 sq.ft.	$630,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 3.73% Airbnb Rental Income: $1232 Traditional Rental Income: $3275 Airbnb ROI: -0.41% Traditional ROI: 3.73%
5528 American Ave Klamath Falls, OR Picture a neighborhood where your kids can ride their bikes until the street lights come o...	3 beds \| 2 baths \| 1,652 sq.ft.	$379,000	Airbnb cash on cash: 1% Traditional cash on cash: 5.97% Airbnb Rental Income: $1577 Traditional Rental Income: $2889 Airbnb ROI: 1% Traditional ROI: 5.97%
3330 Orindale Road Klamath Falls, OR Hard to find 2/1 w/ WORKSHOP on 2 ACRES. This affordable property would be ideal for someo...	2 beds \| 1 baths \| 1,062 sq.ft.	$350,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 5.87% Airbnb Rental Income: $1232 Traditional Rental Income: $2478 Airbnb ROI: 0.88% Traditional ROI: 5.87%
11138 Merganser Rd Klamath Falls, OR Perfectly positioned on the 1st hole of a prestigious Arnold Palmer-designed golf course, ...	3 beds \| 3 baths \| 3,363 sq.ft.	$650,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 3.43% Airbnb Rental Income: $1577 Traditional Rental Income: $3466 Airbnb ROI: -0.43% Traditional ROI: 3.43%
10613 Cormorant Ct Klamath Falls, OR Fully furnished, desirable end unit townhome located in the peaceful and stunning Running ...	3 beds \| 2 baths \| 1,490 sq.ft.	$321,500	Airbnb cash on cash: -0.55% Traditional cash on cash: 4.04% Airbnb Rental Income: $1577 Traditional Rental Income: $2514 Airbnb ROI: -0.55% Traditional ROI: 4.04%
3276 Hammer St Klamath Falls, OR Beautiful 4 bedroom, 2 bath home with an office and 3 car garage. This home has an open fl...	4 beds \| 2 baths \| 1,909 sq.ft.	$425,000	Airbnb cash on cash: 4.08% Traditional cash on cash: 6.27% Airbnb Rental Income: $3056 Traditional Rental Income: $3232 Airbnb ROI: 4.08% Traditional ROI: 6.27%
861 Russell St Klamath Falls, OR Breathtaking views & endless possibilities on this one-of-a-kind property spanning over 30...	3 beds \| 3 baths \| 2,460 sq.ft.	$495,000	Airbnb cash on cash: 0.76% Traditional cash on cash: 6.51% Airbnb Rental Income: $1577 Traditional Rental Income: $3790 Airbnb ROI: 0.76% Traditional ROI: 6.51%
4830 Redtail Dr Klamath Falls, OR AWESOME DUPLEX TOWNHOME WITH GARAGE AT THE RUNNING Y! A notch above the others ... amazing...	3 beds \| 3 baths \| 1,940 sq.ft.	$450,000	Airbnb cash on cash: -0.39% Traditional cash on cash: 5.39% Airbnb Rental Income: $1577 Traditional Rental Income: $3561 Airbnb ROI: -0.39% Traditional ROI: 5.39%
4710 Hilyard Avenue Klamath Falls, OR Here's a rare opportunity to move to the suburbs for under 300,000! This large corner lot ...	2 beds \| 2 baths \| 822 sq.ft.	$240,000	Airbnb cash on cash: 1.71% Traditional cash on cash: 8.18% Airbnb Rental Income: $1232 Traditional Rental Income: $2305 Airbnb ROI: 1.71% Traditional ROI: 8.18%
5168 Regency Drive Klamath Falls, OR This beautiful turn-key 3 Bedroom, 2 Bathroom home nestled in Klamath Falls desirable Gate...	3 beds \| 2 baths \| 1,649 sq.ft.	$399,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 5.23% Airbnb Rental Income: $1577 Traditional Rental Income: $2774 Airbnb ROI: 0.82% Traditional ROI: 5.23%
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: 0.33% Traditional cash on cash: 4.26% Airbnb Rental Income: $1577 Traditional Rental Income: $2412 Airbnb ROI: 0.33% Traditional ROI: 4.26%
6640 Redding St Klamath Falls, OR Thinking about getting into the rental business? Well here is your chance. This unique pro...	7 beds \| 4 baths \| 1,100 sq.ft.	$290,000	Airbnb cash on cash: 0.63% Traditional cash on cash: 4.66% Airbnb Rental Income: $975 Traditional Rental Income: $1819 Airbnb ROI: 0.63% Traditional ROI: 4.66%
3879 Coronado Way Klamath Falls, OR BACK ON MARKET AT NO FAULT OF HOME! Turn-key home featuring a comfortable and functional o...	3 beds \| 2 baths \| 1,829 sq.ft.	$382,000	Airbnb cash on cash: 1.33% Traditional cash on cash: 6.75% Airbnb Rental Income: $1577 Traditional Rental Income: $3069 Airbnb ROI: 1.33% Traditional ROI: 6.75%
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.	$315,000	Airbnb cash on cash: 5.19% Traditional cash on cash: 4.47% Airbnb Rental Income: $2727 Traditional Rental Income: $1870 Airbnb ROI: 5.19% Traditional ROI: 4.47%
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.	$372,500	Airbnb cash on cash: 1.39% Traditional cash on cash: 7.7% Airbnb Rental Income: $1577 Traditional Rental Income: $3333 Airbnb ROI: 1.39% Traditional ROI: 7.7%
16524 Fieldcrest Rd Klamath Falls, OR Welcome to your own slice of peaceful country living in the desirable Keno area! This spac...	4 beds \| 2 baths \| 1,920 sq.ft.	$449,000	Airbnb cash on cash: 3.86% Traditional cash on cash: 3.85% Airbnb Rental Income: $3056 Traditional Rental Income: $2352 Airbnb ROI: 3.86% Traditional ROI: 3.85%
15780 Homestead Ln Klamath Falls, OR Welcome to this lodge style home on 7.9 acres. Tall pine, juniper, and cedar trees, but no...	3 beds \| 2 baths \| 2,688 sq.ft.	$775,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 3.83% Airbnb Rental Income: $1577 Traditional Rental Income: $3930 Airbnb ROI: -0.06% Traditional ROI: 3.83%
1558 Hope St Klamath Falls, OR This home looks like new! Remodeled and ready for you to move in. Large carport with stora...	3 beds \| 1 baths \| 864 sq.ft.	$200,000	Airbnb cash on cash: 3.75% Traditional cash on cash: 9.57% Airbnb Rental Income: $1577 Traditional Rental Income: $2310 Airbnb ROI: 3.75% Traditional ROI: 9.57%

Real Estate investment in Klamath-falls, OR

There are 238 properties for sale in the city of Klamath Falls . The median list price in Klamath Falls is $309,015 and the average price per square foot is $157. In August 2026, the average monthly cash on cash return in Klamath Falls is 6.00%. The average monthly rental income in Klamath Falls is $2,817.

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

There are 238 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 $2,817.

Your search for investment property begins and ends here

Investment Property for Sale in Klamath Falls, OR

5122 Bryant Ave

Klamath Falls, OR

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

$469,000

Airbnb cash on cash: 0.56%

Traditional cash on cash: 5.65%

Airbnb Rental Income: $1577

Traditional Rental Income: $3357

Airbnb ROI: 0.56%

Traditional ROI: 5.65%

6276 Bryant Ave

Klamath Falls, OR

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

$369,000

Airbnb cash on cash: 4.68%

Traditional cash on cash: 9.37%

Airbnb Rental Income: $3056

Traditional Rental Income: $4023

Airbnb ROI: 4.68%

Traditional ROI: 9.37%

2045 Garden Avenue

Klamath Falls, OR

2 beds | 1 baths | 964 sq.ft.

$160,000

Airbnb cash on cash: 3.45%

Traditional cash on cash: 10.7%

Airbnb Rental Income: $1232

Traditional Rental Income: $1945

Airbnb ROI: 3.45%

Traditional ROI: 10.7%

6352 Sanderling Rd

Klamath Falls, OR

4 beds | 3 baths | 1,982 sq.ft.

$549,000

Airbnb cash on cash: 2.77%

Traditional cash on cash: 5.18%

Airbnb Rental Income: $3056

Traditional Rental Income: $3597

Airbnb ROI: 2.77%

Traditional ROI: 5.18%

5040 Swallow Ct

Klamath Falls, OR

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

$379,000

Airbnb cash on cash: -1.3%

Traditional cash on cash: 5.9%

Airbnb Rental Income: $1577

Traditional Rental Income: $3685

Airbnb ROI: -1.3%

Traditional ROI: 5.9%

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: 3.24%

Airbnb Rental Income: $1577

Traditional Rental Income: $3282

Airbnb ROI: 0.23%

Traditional ROI: 3.24%

2907 Homedale Road

Klamath Falls, OR

2 beds | 2 baths | 1,292 sq.ft.

$232,000

Airbnb cash on cash: 1.81%

Traditional cash on cash: 10.54%

Airbnb Rental Income: $1232

Traditional Rental Income: $2754

Airbnb ROI: 1.81%

Traditional ROI: 10.54%

1936 Lancaster Ave

Klamath Falls, OR

2 beds | 1 baths | 1,086 sq.ft.

$230,000

Airbnb cash on cash: 1.51%

Traditional cash on cash: 7.33%

Airbnb Rental Income: $1232

Traditional Rental Income: $2158

Airbnb ROI: 1.51%