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
11147 Kestrel Road Klamath Falls, OR With expansive views of the Cascade Mountains and Klamath Lake, this Ridgeview home at the...	4 beds \| 3 baths \| 2,610 sq.ft.	$795,000	Airbnb cash on cash: 2.67% Traditional cash on cash: 3.46% Airbnb Rental Income: $4428 Traditional Rental Income: $4088 Airbnb ROI: 2.67% Traditional ROI: 3.46%
10712 Kestrel Rd Klamath Falls, OR 3039 Sq. Ft., 4 bedroom, 2.5 bath custom on .75 acre golf course lot - custom wood floorin...	4 beds \| 3 baths \| 3,039 sq.ft.	$750,000	Airbnb cash on cash: 2.98% Traditional cash on cash: 3.73% Airbnb Rental Income: $4428 Traditional Rental Income: $4029 Airbnb ROI: 2.98% Traditional ROI: 3.73%
4645 Marsh Hawk Drive Klamath Falls, OR Running Y Resort chalet with fantastic views! Enjoy stunning sunrises on the newer composi...	3 beds \| 2 baths \| 1,543 sq.ft.	$401,100	Airbnb cash on cash: 2.59% Traditional cash on cash: 4.28% Airbnb Rental Income: $2773 Traditional Rental Income: $2757 Airbnb ROI: 2.59% Traditional ROI: 4.28%
9760 Simpson Canyon Rd Klamath Falls, OR Successful Air BnB on 542 acres with 3 parcels offer tranquil views of valley floor & moun...	4 beds \| 3 baths \| 2,257 sq.ft.	$1,179,000	Airbnb cash on cash: 1.65% Traditional cash on cash: 1.9% Airbnb Rental Income: $4428 Traditional Rental Income: $3776 Airbnb ROI: 1.65% Traditional ROI: 1.9%
1879 Leroy Street Klamath Falls, OR Desirable Hot Springs area home with cheap geothermal heat. Seller will contribute 3% towa...	3 beds \| 1 baths \| 1,429 sq.ft.	$210,000	Airbnb cash on cash: 8.44% Traditional cash on cash: 11.33% Airbnb Rental Income: $2773 Traditional Rental Income: $2697 Airbnb ROI: 8.44% Traditional ROI: 11.33%
6734 Coopers Hawk Road Klamath Falls, OR One-of-a-kind quality custom home located in a top rated 18-hole Arnold Palmer golf course...	3 beds \| 4 baths \| 3,272 sq.ft.	$729,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 3.32% Airbnb Rental Income: $2773 Traditional Rental Income: $3720 Airbnb ROI: 0.97% Traditional ROI: 3.32%
300 Mt Pitt Street Klamath Falls, OR Come enjoy the beautiful lake/mountain views and wide-open feel from this well maintained ...	3 beds \| 2 baths \| 1,366 sq.ft.	$335,000	Airbnb cash on cash: 4.72% Traditional cash on cash: 7.34% Airbnb Rental Income: $2773 Traditional Rental Income: $2949 Airbnb ROI: 4.72% Traditional ROI: 7.34%
144 Del Fatti Lane Klamath Falls, OR Don't miss this great 5 irrigated acre horse property in Henley district! Home has new int...	3 beds \| 1 baths \| 1,152 sq.ft.	$415,000	Airbnb cash on cash: 3.77% Traditional cash on cash: 4.79% Airbnb Rental Income: $2773 Traditional Rental Income: $2520 Airbnb ROI: 3.77% Traditional ROI: 4.79%
9820 Buesing Road Klamath Falls, OR BMO at no fault of the home. - Embrace panoramic views from every angle in this charming ...	3 beds \| 2 baths \| 1,882 sq.ft.	$515,000	Airbnb cash on cash: 2.71% Traditional cash on cash: 4.97% Airbnb Rental Income: $2773 Traditional Rental Income: $3211 Airbnb ROI: 2.71% Traditional ROI: 4.97%
7951 Kings Way Klamath Falls, OR Experience the best of both worlds with this charming ranch-style home on 2.52 acres, offe...	4 beds \| 2 baths \| 1,872 sq.ft.	$569,000	Airbnb cash on cash: 4.95% Traditional cash on cash: 4.31% Airbnb Rental Income: $4428 Traditional Rental Income: $3159 Airbnb ROI: 4.95% Traditional ROI: 4.31%
10428 Preddy Avenue Klamath Falls, OR Looking to downsize? Starter home? The options are endless! Cute, 2 bed 1 bath in the gate...	2 beds \| 1 baths \| 915 sq.ft.	$199,900	Airbnb cash on cash: 5.86% Traditional cash on cash: 7.53% Airbnb Rental Income: $2343 Traditional Rental Income: $2080 Airbnb ROI: 5.86% Traditional ROI: 7.53%
1136 Hanks Street Klamath Falls, OR Charming Cottage across the street to Klamath Lake Discover your dream retreat in this...	3 beds \| 2 baths \| 1,503 sq.ft.	$299,000	Airbnb cash on cash: 5.4% Traditional cash on cash: 9.71% Airbnb Rental Income: $2773 Traditional Rental Income: $3335 Airbnb ROI: 5.4% Traditional ROI: 9.71%
10773 Crystal Springs Road Klamath Falls, OR BELOW APPRAISED VALUE! Exceptional Riverfront property offering the perfect blend of tranq...	3 beds \| 2 baths \| 1,538 sq.ft.	$677,700	Airbnb cash on cash: 1.89% Traditional cash on cash: 3.61% Airbnb Rental Income: $2773 Traditional Rental Income: $3212 Airbnb ROI: 1.89% Traditional ROI: 3.61%
6316 Reeder Road Klamath Falls, OR Looking for space? This home is it! Enjoy the nearly 1 acre that would be perfect for 4-H ...	3 beds \| 3 baths \| 2,410 sq.ft.	$565,000	Airbnb cash on cash: 2.24% Traditional cash on cash: 5% Airbnb Rental Income: $2773 Traditional Rental Income: $3581 Airbnb ROI: 2.24% Traditional ROI: 5%
951 Ponderosa Drive Klamath Falls, OR Special Design, Special Neighborhood, Special House.....Your home should be a retreat; esc...	4 beds \| 3 baths \| 2,657 sq.ft.	$562,500	Airbnb cash on cash: 4.66% Traditional cash on cash: 5.52% Airbnb Rental Income: $4428 Traditional Rental Income: $3952 Airbnb ROI: 4.66% Traditional ROI: 5.52%
3725 Madison Street Klamath Falls, OR Lovely home built in 1960 with refinished oak hardwood floors, gas heat, almost 1,800 sq.f...	3 beds \| 2 baths \| 1,731 sq.ft.	$349,999	Airbnb cash on cash: 4.7% Traditional cash on cash: 7.71% Airbnb Rental Income: $2773 Traditional Rental Income: $3111 Airbnb ROI: 4.7% Traditional ROI: 7.71%
5628 Mickshelly Circle Klamath Falls, OR Now open to VA, FHA, USDA loans. Make plans to see this nice, single story 3 Bedroom, 2 B...	3 beds \| 2 baths \| 1,316 sq.ft.	$315,000	Airbnb cash on cash: 4.83% Traditional cash on cash: 7.6% Airbnb Rental Income: $2773 Traditional Rental Income: $2942 Airbnb ROI: 4.83% Traditional ROI: 7.6%
4316 Barry Avenue Klamath Falls, OR Updated 3 bedroom, 2 bathroom in South Suburbs with excellent curb appeal! Welcome to your...	3 beds \| 2 baths \| 1,692 sq.ft.	$349,999	Airbnb cash on cash: 4.71% Traditional cash on cash: 8.5% Airbnb Rental Income: $2773 Traditional Rental Income: $3366 Airbnb ROI: 4.71% Traditional ROI: 8.5%
5445 Winterfield Way Klamath Falls, OR Beautiful Home in Summerfield! This well kept 2011 MH features 3 good sized bedrooms, 2 fu...	3 beds \| 2 baths \| 1,404 sq.ft.	$275,000	Airbnb cash on cash: 6.13% Traditional cash on cash: 9.67% Airbnb Rental Income: $2773 Traditional Rental Income: $3039 Airbnb ROI: 6.13% Traditional ROI: 9.67%
4315 Frieda Avenue Klamath Falls, OR One Party Listing	2 beds \| 2 baths \| 1,080 sq.ft.	$288,000	Airbnb cash on cash: 4.64% Traditional cash on cash: 7.06% Airbnb Rental Income: $2343 Traditional Rental Income: $2421 Airbnb ROI: 4.64% Traditional ROI: 7.06%
10248 Cinnamon Teal Drive Klamath Falls, OR Welcome to this stunning 5-bedroom, 3-bath home located in the prestigious Running Y Resor...	5 beds \| 3 baths \| 3,332 sq.ft.	$770,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.95% Airbnb Rental Income: $null Traditional Rental Income: $4287 Airbnb ROI: N/A Traditional ROI: 3.95%
10443 Wright Avenue Klamath Falls, OR This single story home is turn key and ready to go! The lot size feels bigger than the num...	2 beds \| 1 baths \| 915 sq.ft.	$215,000	Airbnb cash on cash: 5.57% Traditional cash on cash: 8.46% Airbnb Rental Income: $2343 Traditional Rental Income: $2353 Airbnb ROI: 5.57% Traditional ROI: 8.46%
10363 McGuire Avenue Klamath Falls, OR Cute, well kept, duplex-style home in the gated Falcon Heights condominium neighborhood. T...	2 beds \| 1 baths \| 915 sq.ft.	$209,000	Airbnb cash on cash: 5.32% Traditional cash on cash: 3.12% Airbnb Rental Income: $2343 Traditional Rental Income: $1327 Airbnb ROI: 5.32% Traditional ROI: 3.12%
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.	$349,900	Airbnb cash on cash: 4.69% Traditional cash on cash: 4.52% Airbnb Rental Income: $2773 Traditional Rental Income: $2067 Airbnb ROI: 4.69% Traditional ROI: 4.52%
10759 Preddy Avenue Klamath Falls, OR Step into this beautifully updated 3-bedroom, 1-bathroom gem, just outside Klamath Falls i...	3 beds \| 1 baths \| 1,104 sq.ft.	$224,999	Airbnb cash on cash: 6.88% Traditional cash on cash: 8% Airbnb Rental Income: $2773 Traditional Rental Income: $2361 Airbnb ROI: 6.88% Traditional ROI: 8%
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.	$655,000	Airbnb cash on cash: 3.56% Traditional cash on cash: 4.35% Airbnb Rental Income: $4428 Traditional Rental Income: $3982 Airbnb ROI: 3.56% Traditional ROI: 4.35%
1424 N Eldorado Avenue Klamath Falls, OR Back on market no fault of seller or home. Geothermal mid-century beauty with big west fac...	4 beds \| 2 baths \| 2,768 sq.ft.	$439,000	Airbnb cash on cash: 6.25% Traditional cash on cash: 7.88% Airbnb Rental Income: $4428 Traditional Rental Income: $4171 Airbnb ROI: 6.25% Traditional ROI: 7.88%
10229 Wright Avenue Klamath Falls, OR This 3 bedroom 1 bath home with 1104 sq ft is located in the gated community of Falcon Hei...	3 beds \| 1 baths \| 1,104 sq.ft.	$225,000	Airbnb cash on cash: 6.69% Traditional cash on cash: 8.16% Airbnb Rental Income: $2773 Traditional Rental Income: $2435 Airbnb ROI: 6.69% Traditional ROI: 8.16%
5851 WOCUS RD Klamath Falls, OR Charming Home on .65 Acres with Stunning Views! This delightful property offers breathtaki...	4 beds \| 1 baths \| 1,572 sq.ft.	$345,000	Airbnb cash on cash: 9.14% Traditional cash on cash: 4.03% Airbnb Rental Income: $4428 Traditional Rental Income: $1846 Airbnb ROI: 9.14% Traditional ROI: 4.03%
5420 Maryland Avenue Klamath Falls, OR Nice big open floorplan with low maintenance yard. Flower beds are all on drip. An extende...	4 beds \| 3 baths \| 1,805 sq.ft.	$365,000	Airbnb cash on cash: 8.28% Traditional cash on cash: 7.73% Airbnb Rental Income: $4428 Traditional Rental Income: $3311 Airbnb ROI: 8.28% Traditional ROI: 7.73%
10779 Wright Avenue Klamath Falls, OR Great deal in gated community of Falcon Heights. This move in ready, 3 bedroom, 1 bathroo...	3 beds \| 1 baths \| 1,104 sq.ft.	$205,000	Airbnb cash on cash: 7.42% Traditional cash on cash: 8.64% Airbnb Rental Income: $2773 Traditional Rental Income: $2359 Airbnb ROI: 7.42% Traditional ROI: 8.64%
8722 Arant Road Klamath Falls, OR Outstanding location, immaculate condition with a 4-bedroom 3-bathroom home on 1.95 fenced...	4 beds \| 3 baths \| 1,987 sq.ft.	$639,900	Airbnb cash on cash: 4.19% Traditional cash on cash: 4.45% Airbnb Rental Income: $4428 Traditional Rental Income: $3655 Airbnb ROI: 4.19% Traditional ROI: 4.45%
920 Martin Street Klamath Falls, OR Centrally Located, Nice 2 Bedroom 1 Bath Home, Completely fenced, covered deck, garage / w...	2 beds \| 1 baths \| 970 sq.ft.	$155,700	Airbnb cash on cash: 9.54% Traditional cash on cash: 11.93% Airbnb Rental Income: $2343 Traditional Rental Income: $2119 Airbnb ROI: 9.54% Traditional ROI: 11.93%
14103 Ravenwood Drive Klamath Falls, OR This home is in Round Lake Estates and has many upgrades on your own 1/3-acre lot with two...	2 beds \| 2 baths \| 1,008 sq.ft.	$249,000	Airbnb cash on cash: 5.72% Traditional cash on cash: 8.45% Airbnb Rental Income: $2343 Traditional Rental Income: $2407 Airbnb ROI: 5.72% Traditional ROI: 8.45%
4663 Marsh Hawk Drive Klamath Falls, OR This lovely 3-bedroom chalet makes a perfect retreat! Nestled among the serene Aspen trees...	3 beds \| 2 baths \| 1,340 sq.ft.	$385,000	Airbnb cash on cash: 2.54% Traditional cash on cash: 4.79% Airbnb Rental Income: $2773 Traditional Rental Income: $2935 Airbnb ROI: 2.54% Traditional ROI: 4.79%
7119 Turner Court Klamath Falls, OR No space rent here, you own the land. This cute 3 bed 2 bath manufactured home sits on 2 l...	3 beds \| 2 baths \| 1,248 sq.ft.	$225,000	Airbnb cash on cash: 7.9% Traditional cash on cash: 9.9% Airbnb Rental Income: $2773 Traditional Rental Income: $2548 Airbnb ROI: 7.9% Traditional ROI: 9.9%
2338 James Martin Court Klamath Falls, OR charming single-family home located in the heart of Klamath Falls! This cute and cozy home...	3 beds \| 2 baths \| 1,248 sq.ft.	$329,000	Airbnb cash on cash: 4.71% Traditional cash on cash: 6% Airbnb Rental Income: $2773 Traditional Rental Income: $2521 Airbnb ROI: 4.71% Traditional ROI: 6%
4430 Laverne Avenue Klamath Falls, OR This beautiful 3 bedroom 2 bath home has a shop and is located in the suburbs! The home ha...	3 beds \| 2 baths \| 1,930 sq.ft.	$359,900	Airbnb cash on cash: 4.26% Traditional cash on cash: 8.15% Airbnb Rental Income: $2773 Traditional Rental Income: $3437 Airbnb ROI: 4.26% Traditional ROI: 8.15%
2348 James Martin Court Klamath Falls, OR Very nice 3 bedroom 2 1/2 bath home on .30 acre fenced lot on cul de sac minutes from down...	3 beds \| 3 baths \| 2,266 sq.ft.	$419,900	Airbnb cash on cash: 3.46% Traditional cash on cash: 7.72% Airbnb Rental Income: $2773 Traditional Rental Income: $3796 Airbnb ROI: 3.46% Traditional ROI: 7.72%
1931 Carlson Drive Klamath Falls, OR Move in ready! This recently updated Moyina Heights classic has all the space you've been ...	4 beds \| 3 baths \| 1,988 sq.ft.	$469,000	Airbnb cash on cash: 6.29% Traditional cash on cash: 4.26% Airbnb Rental Income: $4428 Traditional Rental Income: $2607 Airbnb ROI: 6.29% Traditional ROI: 4.26%

Real Estate investment in Klamath-falls, OR

There are 222 properties for sale in the city of Klamath Falls . The median list price in Klamath Falls is $348,750 and the average price per square foot is $188. In January 2025, the average monthly cash on cash return in Klamath Falls is 7.00%. The average monthly rental income in Klamath Falls is $3,067.

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

There are 222 investment properties available for sale in Klamath-falls.

In 2025, 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 $3,067.

Your search for investment property begins and ends here

Investment Property for Sale in Klamath Falls, OR

11147 Kestrel Road

Klamath Falls, OR

4 beds | 3 baths | 2,610 sq.ft.

$795,000

Airbnb cash on cash: 2.67%

Traditional cash on cash: 3.46%

Airbnb Rental Income: $4428

Traditional Rental Income: $4088

Airbnb ROI: 2.67%

Traditional ROI: 3.46%

10712 Kestrel Rd

Klamath Falls, OR

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

$750,000

Airbnb cash on cash: 2.98%

Traditional cash on cash: 3.73%

Airbnb Rental Income: $4428

Traditional Rental Income: $4029

Airbnb ROI: 2.98%

Traditional ROI: 3.73%

4645 Marsh Hawk Drive

Klamath Falls, OR

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

$401,100

Airbnb cash on cash: 2.59%

Traditional cash on cash: 4.28%

Airbnb Rental Income: $2773

Traditional Rental Income: $2757

Airbnb ROI: 2.59%

Traditional ROI: 4.28%

9760 Simpson Canyon Rd

Klamath Falls, OR

4 beds | 3 baths | 2,257 sq.ft.

$1,179,000

Airbnb cash on cash: 1.65%

Traditional cash on cash: 1.9%

Airbnb Rental Income: $4428

Traditional Rental Income: $3776

Airbnb ROI: 1.65%

Traditional ROI: 1.9%

1879 Leroy Street

Klamath Falls, OR

3 beds | 1 baths | 1,429 sq.ft.

$210,000

Airbnb cash on cash: 8.44%

Traditional cash on cash: 11.33%

Airbnb Rental Income: $2773

Traditional Rental Income: $2697

Airbnb ROI: 8.44%

Traditional ROI: 11.33%

6734 Coopers Hawk Road

Klamath Falls, OR

3 beds | 4 baths | 3,272 sq.ft.

$729,000

Airbnb cash on cash: 0.97%

Traditional cash on cash: 3.32%

Airbnb Rental Income: $2773

Traditional Rental Income: $3720

Airbnb ROI: 0.97%

Traditional ROI: 3.32%

300 Mt Pitt Street

Klamath Falls, OR

3 beds | 2 baths | 1,366 sq.ft.

$335,000

Airbnb cash on cash: 4.72%

Traditional cash on cash: 7.34%

Airbnb Rental Income: $2773

Traditional Rental Income: $2949

Airbnb ROI: 4.72%

Traditional ROI: 7.34%

144 Del Fatti Lane

Klamath Falls, OR

3 beds | 1 baths | 1,152 sq.ft.

$415,000

Airbnb cash on cash: 3.77%

Traditional cash on cash: 4.79%

Airbnb Rental Income: $2773

Traditional Rental Income: $2520

Airbnb ROI: 3.77%