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 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: -0.66% Traditional cash on cash: 5.51% Airbnb Rental Income: $938 Traditional Rental Income: $3357 Airbnb ROI: -0.66% Traditional ROI: 5.51%
1530 California Avenue Klamath Falls, OR Come check out the 4 bedroom 2.5 bath home within walking distance to Conger school. The u...	4 beds \| 3 baths \| 1,500 sq.ft.	$290,000	Airbnb cash on cash: 2.46% Traditional cash on cash: 10.15% Airbnb Rental Income: $1721 Traditional Rental Income: $3345 Airbnb ROI: 2.46% Traditional ROI: 10.15%
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%
11435 Hill Road Klamath Falls, OR Discover true tranquility in this stunning 2,547 square foot home, perfectly positioned on...	3 beds \| 3 baths \| 2,547 sq.ft.	$479,900	Airbnb cash on cash: -0.42% Traditional cash on cash: 6.59% Airbnb Rental Income: $938 Traditional Rental Income: $3738 Airbnb ROI: -0.42% Traditional ROI: 6.59%
1335 Lakeview Avenue 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.	$339,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 6.55% Airbnb Rental Income: $737 Traditional Rental Income: $2649 Airbnb ROI: -0.43% Traditional ROI: 6.55%
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.	$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 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: -2.33% Traditional cash on cash: 5.55% Airbnb Rental Income: $938 Traditional Rental Income: $3685 Airbnb ROI: -2.33% Traditional ROI: 5.55%
6338 Katie Lane Klamath Falls, OR 4 bedroom 2 bath home is located in the suburbs on a nice corner lot. This property has so...	4 beds \| 2 baths \| 1,809 sq.ft.	$284,900	Airbnb cash on cash: 2.7% Traditional cash on cash: 9.5% Airbnb Rental Income: $1721 Traditional Rental Income: $3070 Airbnb ROI: 2.7% Traditional ROI: 9.5%
1829 Lancaster Avenue Klamath Falls, OR Motivated Seller- Priced to sell! This super cute 2-bedroom, 1-bath home has been complete...	2 beds \| 1 baths \| 842 sq.ft.	$189,900	Airbnb cash on cash: 0.3% Traditional cash on cash: 10.27% Airbnb Rental Income: $737 Traditional Rental Income: $2224 Airbnb ROI: 0.3% Traditional ROI: 10.27%
324 Mountain View Boulevard Klamath Falls, OR Discover the perfect blend of style, comfort & functionality in this impressive 3-bedroom,...	3 beds \| 3 baths \| 1,914 sq.ft.	$460,000	Airbnb cash on cash: -0.76% Traditional cash on cash: 3.46% Airbnb Rental Income: $938 Traditional Rental Income: $2410 Airbnb ROI: -0.76% Traditional ROI: 3.46%
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 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.	$349,000	Airbnb cash on cash: -2.22% Traditional cash on cash: 3.63% Airbnb Rental Income: $737 Traditional Rental Income: $2342 Airbnb ROI: -2.22% Traditional ROI: 3.63%
1201 Front Street 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.	$499,000	Airbnb cash on cash: 0.42% Traditional cash on cash: 7.19% Airbnb Rental Income: $1721 Traditional Rental Income: $4401 Airbnb ROI: 0.42% 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: 0.95% Traditional cash on cash: 3.59% Airbnb Rental Income: $1721 Traditional Rental Income: $2230 Airbnb ROI: 0.95% Traditional ROI: 3.59%
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 Avenue Klamath Falls, OR 3 bd/1.5 ba house with ample back yard and shop, close to downtown shopping and restaurant...	3 beds \| 2 baths \| 1,270 sq.ft.	$275,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 8.01% Airbnb Rental Income: $938 Traditional Rental Income: $2613 Airbnb ROI: 0.22% Traditional ROI: 8.01%
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: 0.01% Traditional cash on cash: 6.24% Airbnb Rental Income: $737 Traditional Rental Income: $2068 Airbnb ROI: 0.01% Traditional ROI: 6.24%
200 Conger 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.	$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%
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: 0.27% Traditional cash on cash: 11.31% Airbnb Rental Income: $737 Traditional Rental Income: $2266 Airbnb ROI: 0.27% Traditional ROI: 11.31%
5135 Hickory Lane Klamath Falls, OR Perfectly laid out home with 4 bedrooms, including a huge primary, PLUS an office. When yo...	4 beds \| 3 baths \| 2,458 sq.ft.	$440,000	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%
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: -2.3% Traditional cash on cash: 4.23% Airbnb Rental Income: $938 Traditional Rental Income: $2916 Airbnb ROI: -2.3% Traditional ROI: 4.23%
5147 Gatewood Drive Klamath Falls, OR This Gatewood beauty is on a corner lot and has an oversized garage with work area. Great ...	3 beds \| 3 baths \| 2,218 sq.ft.	$439,500	Airbnb cash on cash: -0.6% Traditional cash on cash: 6.94% Airbnb Rental Income: $938 Traditional Rental Income: $3697 Airbnb ROI: -0.6% Traditional ROI: 6.94%
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.	$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%
2234 Garden Avenue Klamath Falls, OR Beautifully updated two-story home with numerous extras, centrally located for convenience...	3 beds \| 4 baths \| 2,247 sq.ft.	$349,000	Airbnb cash on cash: -0.42% Traditional cash on cash: 10.45% Airbnb Rental Income: $938 Traditional Rental Income: $4154 Airbnb ROI: -0.42% Traditional ROI: 10.45%
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.	$249,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 8.73% Airbnb Rental Income: $938 Traditional Rental Income: $2537 Airbnb ROI: 0.46% Traditional ROI: 8.73%
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.	$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 \| 3 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 Avenue 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%
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%
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.	$439,000	Airbnb cash on cash: 0.71% Traditional cash on cash: 5.66% Airbnb Rental Income: $1721 Traditional Rental Income: $3281 Airbnb ROI: 0.71% Traditional ROI: 5.66%
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.	$600,000	Airbnb cash on cash: -0.05% Traditional cash on cash: 4.84% Airbnb Rental Income: $1721 Traditional Rental Income: $3982 Airbnb ROI: -0.05% Traditional ROI: 4.84%
2411 Vermont Street 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.	$549,900	Airbnb cash on cash: -0.51% Traditional cash on cash: 2.15% Airbnb Rental Income: $938 Traditional Rental Income: $1961 Airbnb ROI: -0.51% Traditional ROI: 2.15%
1220 Thomas Drive Klamath Falls, OR Welcome home to this almost 2000 square foot, 3 bedroom, 2 bath home that offers the balan...	3 beds \| 2 baths \| 1,851 sq.ft.	$399,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 7.54% Airbnb Rental Income: $938 Traditional Rental Income: $3508 Airbnb ROI: -0.25% Traditional ROI: 7.54%
4093 Round Lake Road Klamath Falls, OR Nicely updated 3 bedroom/2 bath home situated on over 4 acres off scenic Round Lake Rd. Ho...	3 beds \| 2 baths \| 1,952 sq.ft.	$445,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 6.08% Airbnb Rental Income: $938 Traditional Rental Income: $3175 Airbnb ROI: -0.12% Traditional ROI: 6.08%
4121 Altamont Drive Klamath Falls, OR Over 1/2 ACRE! This home was stripped to the studs and totally renovated in 2019! Circular...	3 beds \| 3 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%
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%

Real Estate investment in Klamath-falls, OR

There are 320 properties for sale in the city of Klamath Falls . The median list price in Klamath Falls is $359,000 and the average price per square foot is $191. In December 2025, the average monthly cash on cash return in Klamath Falls is 7.00%. The average monthly rental income in Klamath Falls is $2,849.

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

There are 320 investment properties available for sale in Klamath-falls.

In 2025, 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 Avenue

Klamath Falls, OR

3 beds | 4 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%

1530 California Avenue

Klamath Falls, OR

4 beds | 3 baths | 1,500 sq.ft.

$290,000

Airbnb cash on cash: 2.46%

Traditional cash on cash: 10.15%

Airbnb Rental Income: $1721

Traditional Rental Income: $3345

Airbnb ROI: 2.46%

Traditional ROI: 10.15%

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%

11435 Hill Road

Klamath Falls, OR

3 beds | 3 baths | 2,547 sq.ft.

$479,900

Airbnb cash on cash: -0.42%

Traditional cash on cash: 6.59%

Airbnb Rental Income: $938

Traditional Rental Income: $3738

Airbnb ROI: -0.42%

Traditional ROI: 6.59%

1335 Lakeview Avenue

Klamath Falls, OR

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

$339,000

Airbnb cash on cash: -0.43%

Traditional cash on cash: 6.55%

Airbnb Rental Income: $737

Traditional Rental Income: $2649

Airbnb ROI: -0.43%

Traditional ROI: 6.55%

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%