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 Avenue Klamath Falls, OR This impressive property offers the perfect combination of space, functionality, and energ...	3 beds \| 4 baths \| 3,205 sq.ft.	$469,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 5.65% Airbnb Rental Income: $1192 Traditional Rental Income: $3357 Airbnb ROI: -0.17% Traditional ROI: 5.65%
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.	$389,000	Airbnb cash on cash: 3.09% Traditional cash on cash: 9.1% Airbnb Rental Income: $2420 Traditional Rental Income: $4023 Airbnb ROI: 3.09% Traditional ROI: 9.1%
6352 Sanderling Road Klamath Falls, OR SINGLE-LEVEL RUNNING Y RESORT HOME - Beautiful & peaceful setting with relaxed, resort-sty...	4 beds \| 3 baths \| 1,982 sq.ft.	$569,000	Airbnb cash on cash: 1.64% Traditional cash on cash: 4.97% Airbnb Rental Income: $2420 Traditional Rental Income: $3597 Airbnb ROI: 1.64% Traditional ROI: 4.97%
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: -2.1% Traditional cash on cash: 5.32% Airbnb Rental Income: $1192 Traditional Rental Income: $3685 Airbnb ROI: -2.1% Traditional ROI: 5.32%
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: -0.22% Traditional cash on cash: 3.24% Airbnb Rental Income: $1192 Traditional Rental Income: $3282 Airbnb ROI: -0.22% Traditional ROI: 3.24%
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: -0.13% Traditional cash on cash: 2.59% Airbnb Rental Income: $2420 Traditional Rental Income: $4054 Airbnb ROI: -0.13% Traditional ROI: 2.59%
4305 Frieda Avenue Klamath Falls, OR Move-in ready 3-bedroom, 1 bath home in a nice neighborhood. Livingroom, kitchen and third...	3 beds \| 1 baths \| 1,122 sq.ft.	$206,000	Airbnb cash on cash: 2.28% Traditional cash on cash: 11.36% Airbnb Rental Income: $1192 Traditional Rental Income: $2579 Airbnb ROI: 2.28% Traditional ROI: 11.36%
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: 1.62% Traditional cash on cash: 11.44% Airbnb Rental Income: $1192 Traditional Rental Income: $3113 Airbnb ROI: 1.62% Traditional ROI: 11.44%
5048 Swallow Court Klamath Falls, OR Must See - Running Y townhome remodeled with a fresh new look. Kitchen includes white quar...	3 beds \| 4 baths \| 1,940 sq.ft.	$435,000	Airbnb cash on cash: -1.78% Traditional cash on cash: 2.96% Airbnb Rental Income: $1192 Traditional Rental Income: $2734 Airbnb ROI: -1.78% Traditional ROI: 2.96%
4815 Falcon Drive Klamath Falls, OR Exceptional opportunity to enjoy resort-style living in beautiful Southern Oregon 3 Bedroo...	3 beds \| 3 baths \| 1,168 sq.ft.	$325,000	Airbnb cash on cash: 0.47% Traditional cash on cash: 6.52% Airbnb Rental Income: $1192 Traditional Rental Income: $2652 Airbnb ROI: 0.47% Traditional ROI: 6.52%
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: 0.19% Traditional cash on cash: 7.37% Airbnb Rental Income: $1032 Traditional Rental Income: $2898 Airbnb ROI: 0.19% Traditional ROI: 7.37%
1803 N Eldorado Avenue 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: 2.8% Traditional cash on cash: 5.73% Airbnb Rental Income: $2420 Traditional Rental Income: $2849 Airbnb ROI: 2.8% Traditional ROI: 5.73%
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.	$365,000	Airbnb cash on cash: 3.35% Traditional cash on cash: 4.23% Airbnb Rental Income: $2420 Traditional Rental Income: $2129 Airbnb ROI: 3.35% Traditional ROI: 4.23%
5521 Benchwood Avenue 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.	$475,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 2.3% Airbnb Rental Income: $1192 Traditional Rental Income: $1979 Airbnb ROI: -0.34% Traditional ROI: 2.3%
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: -0.08% Traditional cash on cash: 5.29% Airbnb Rental Income: $1192 Traditional Rental Income: $3191 Airbnb ROI: -0.08% Traditional ROI: 5.29%
7257 Hilyard Avenue 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: 0.57% Traditional cash on cash: 4.14% Airbnb Rental Income: $1192 Traditional Rental Income: $1979 Airbnb ROI: 0.57% Traditional ROI: 4.14%
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.	$499,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 4.63% Airbnb Rental Income: $1192 Traditional Rental Income: $2976 Airbnb ROI: -0.03% 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: -0.7% Traditional cash on cash: 3.73% Airbnb Rental Income: $1032 Traditional Rental Income: $3275 Airbnb ROI: -0.7% Traditional ROI: 3.73%
4934 Horned Lark Drive Klamath Falls, OR A notch above the others.... this one level home located in Ranch View at the Running Y bo...	2 beds \| 2 baths \| 1,827 sq.ft.	$485,000	Airbnb cash on cash: -0.82% Traditional cash on cash: 4.57% Airbnb Rental Income: $1032 Traditional Rental Income: $3114 Airbnb ROI: -0.82% Traditional ROI: 4.57%
5528 American Avenue 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.	$395,000	Airbnb cash on cash: 0.06% Traditional cash on cash: 3.23% Airbnb Rental Income: $1192 Traditional Rental Income: $1979 Airbnb ROI: 0.06% Traditional ROI: 3.23%
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: -1.62% Traditional cash on cash: 4.04% Airbnb Rental Income: $1192 Traditional Rental Income: $2514 Airbnb ROI: -1.62% Traditional ROI: 4.04%
2116 Ashley Court Klamath Falls, OR Beautifully upgraded 2003 Fuqua manufactured home on a permanent foundation situated on a ...	3 beds \| 2 baths \| 1,848 sq.ft.	$350,000	Airbnb cash on cash: 0.65% Traditional cash on cash: 4.22% Airbnb Rental Income: $1192 Traditional Rental Income: $1979 Airbnb ROI: 0.65% Traditional ROI: 4.22%
1240 Vista Way Klamath Falls, OR Beautiful home in Lynnewood with lake views. This home has too many features to list but i...	4 beds \| 3 baths \| 3,220 sq.ft.	$545,000	Airbnb cash on cash: 1.29% Traditional cash on cash: 6.94% Airbnb Rental Income: $2420 Traditional Rental Income: $4705 Airbnb ROI: 1.29% Traditional ROI: 6.94%
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.	$329,000	Airbnb cash on cash: -1.91% Traditional cash on cash: 4.84% Airbnb Rental Income: $1192 Traditional Rental Income: $2890 Airbnb ROI: -1.91% Traditional ROI: 4.84%
4830 Redtail Drive Klamath Falls, OR AWESOME DUPLEX TOWNHOME WITH GARAGE AT THE RUNNING Y! A notch above the others ... amazing...	3 beds \| 4 baths \| 1,940 sq.ft.	$450,000	Airbnb cash on cash: -1.16% Traditional cash on cash: 1.63% Airbnb Rental Income: $1192 Traditional Rental Income: $1979 Airbnb ROI: -1.16% Traditional ROI: 1.63%
4235 Gary Street Klamath Falls, OR Single-level 3-bedroom, 1-bathroom home offering a functional layout and thoughtful update...	3 beds \| 1 baths \| 976 sq.ft.	$265,000	Airbnb cash on cash: 1.29% Traditional cash on cash: 8.29% Airbnb Rental Income: $1192 Traditional Rental Income: $2555 Airbnb ROI: 1.29% Traditional ROI: 8.29%
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: 0.55% Traditional cash on cash: 4.87% Airbnb Rental Income: $1192 Traditional Rental Income: $2084 Airbnb ROI: 0.55% Traditional ROI: 4.87%
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.	$399,999	Airbnb cash on cash: -0.04% Traditional cash on cash: 5.21% Airbnb Rental Income: $1192 Traditional Rental Income: $2774 Airbnb ROI: -0.04% Traditional ROI: 5.21%
1139 Paper Birch Way Klamath Falls, OR Beautiful home surrounded by trees and wildlife tucked into the wonderful Ridgewater gated...	3 beds \| 3 baths \| 1,760 sq.ft.	$499,000	Airbnb cash on cash: -0.97% Traditional cash on cash: 5.36% Airbnb Rental Income: $1192 Traditional Rental Income: $3760 Airbnb ROI: -0.97% Traditional ROI: 5.36%
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.	$385,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 6.11% Airbnb Rental Income: $1192 Traditional Rental Income: $2966 Airbnb ROI: 0.13% Traditional ROI: 6.11%
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: -0.65% Traditional cash on cash: 4.26% Airbnb Rental Income: $1192 Traditional Rental Income: $2412 Airbnb ROI: -0.65% Traditional ROI: 4.26%
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.	$335,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 4.33% Airbnb Rental Income: $620 Traditional Rental Income: $1819 Airbnb ROI: -0.41% Traditional ROI: 4.33%
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.	$385,000	Airbnb cash on cash: 0.42% Traditional cash on cash: 6.69% Airbnb Rental Income: $1192 Traditional Rental Income: $3069 Airbnb ROI: 0.42% Traditional ROI: 6.69%
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: -1.1% Traditional cash on cash: 5.58% Airbnb Rental Income: $1192 Traditional Rental Income: $3216 Airbnb ROI: -1.1% 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.	$315,000	Airbnb cash on cash: 1.71% Traditional cash on cash: 4.47% Airbnb Rental Income: $1491 Traditional Rental Income: $1870 Airbnb ROI: 1.71% 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.	$375,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 7.65% Airbnb Rental Income: $1192 Traditional Rental Income: $3333 Airbnb ROI: 0.46% 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: -1.07% Traditional cash on cash: 3.11% Airbnb Rental Income: $1032 Traditional Rental Income: $3209 Airbnb ROI: -1.07% Traditional ROI: 3.11%
16524 Fieldcrest Road 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: 2.6% Traditional cash on cash: 3.85% Airbnb Rental Income: $2420 Traditional Rental Income: $2352 Airbnb ROI: 2.6% Traditional ROI: 3.85%
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.	$449,000	Airbnb cash on cash: 2.18% Traditional cash on cash: 6.75% Airbnb Rental Income: $2420 Traditional Rental Income: $3748 Airbnb ROI: 2.18% Traditional ROI: 6.75%
1558 Hope Street 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.	$215,000	Airbnb cash on cash: 2.17% Traditional cash on cash: 9.57% Airbnb Rental Income: $1192 Traditional Rental Income: $2310 Airbnb ROI: 2.17% Traditional ROI: 9.57%

Real Estate investment in Klamath-falls, OR

There are 149 properties for sale in the city of Klamath Falls . The median list price in Klamath Falls is $385,000 and the average price per square foot is $196. In May 2026, the average monthly cash on cash return in Klamath Falls is 6.00%. The average monthly rental income in Klamath Falls is $2,797.

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

There are 149 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 $1,192.

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.

$469,000

Airbnb cash on cash: -0.17%

Traditional cash on cash: 5.65%

Airbnb Rental Income: $1192

Traditional Rental Income: $3357

Airbnb ROI: -0.17%

Traditional ROI: 5.65%

6276 Bryant Avenue

Klamath Falls, OR

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

$389,000

Airbnb cash on cash: 3.09%

Traditional cash on cash: 9.1%

Airbnb Rental Income: $2420

Traditional Rental Income: $4023

Airbnb ROI: 3.09%

Traditional ROI: 9.1%

6352 Sanderling Road

Klamath Falls, OR

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

$569,000

Airbnb cash on cash: 1.64%

Traditional cash on cash: 4.97%

Airbnb Rental Income: $2420

Traditional Rental Income: $3597

Airbnb ROI: 1.64%

Traditional ROI: 4.97%

5040 Swallow Court

Klamath Falls, OR

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

$414,000

Airbnb cash on cash: -2.1%

Traditional cash on cash: 5.32%

Airbnb Rental Income: $1192

Traditional Rental Income: $3685

Airbnb ROI: -2.1%

Traditional ROI: 5.32%

29450 Sloan Street

Klamath Falls, OR

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

$769,000

Airbnb cash on cash: -0.22%

Traditional cash on cash: 3.24%

Airbnb Rental Income: $1192

Traditional Rental Income: $3282

Airbnb ROI: -0.22%

Traditional ROI: 3.24%

11629 Merganser Road

Klamath Falls, OR

4 beds | 3 baths | 4,009 sq.ft.

$880,000

Airbnb cash on cash: -0.13%

Traditional cash on cash: 2.59%

Airbnb Rental Income: $2420

Traditional Rental Income: $4054

Airbnb ROI: -0.13%

Traditional ROI: 2.59%

4305 Frieda Avenue

Klamath Falls, OR

3 beds | 1 baths | 1,122 sq.ft.

$206,000

Airbnb cash on cash: 2.28%

Traditional cash on cash: 11.36%

Airbnb Rental Income: $1192

Traditional Rental Income: $2579

Airbnb ROI: 2.28%

Traditional ROI: 11.36%

7455 Hager Way

Klamath Falls, OR

3 beds | 1 baths | 3,816 sq.ft.

$249,000

Airbnb cash on cash: 1.62%

Traditional cash on cash: 11.44%

Airbnb Rental Income: $1192

Traditional Rental Income: $3113

Airbnb ROI: 1.62%