Price cut $5K
$274,900
1/54 BD · 2 BA · 1,768 SF · 0.16 AC
391 Addison Street
Klamath Falls, OR 97601
#220226277 01 / 03
For sale Price cut $121K on May 13
$274,500
Van Ness Street
Klamath Falls, OR 97601 · N/A
- Baths
- 0
- Acres
- 4.51
Est. $1,546/mo~197 min to downtown Bend (approx.)
Listing by Fisher Nicholson Realty, LLC · 541-884-1717
MLS# 220204660 · Active
01
About this home
Four acres....Apartment zoning....next to the Sky Lakes campus....level and shovel ready....views of Upper Klamath Lake and the Cascades.....all city utilities to curb. No comparable apartment zoning in the area. This opportunity is virtually hidden from view until you get right on top of it and then you realize the incredible ability to development a multi-family complex next to a 4 year University and health care complex. Call for previous plans and schematics. Owner terms available as well as additional contiguous lots.
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03
Price history
Cut $121K| Date | Event | Price |
|---|---|---|
| May 13, 2026 | Price cut−$120,500 (30.5%) | $274,500 |
| Jun 24, 2025 | Listed for sale | $395,000 |
From the MLS: original list price and latest price change. 469 days on market.
04
Drive times
~197 min to downtown Bend- Sunriver Village~177 min · 148.6 mi
- Mt. Bachelor~185 min · 156.1 mi
- Old Mill District~195 min · 164.9 mi
- Downtown Bend~197 min · 166 mi
- St. Charles Bend~199 min · 167.7 mi
- Sisters~218 min · 184.6 mi
- Redmond Airport (RDM)~219 min · 185.4 mi
- Smith Rock State Park~230 min · 195.5 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
05
Facts & features
- Type
- Residential Lots
- Lot
- 4.51 AC · 196,456 SF
- HOA
- None reported
- Taxes
- $662/yr
- Subdivision
- N/A
- County
- Klamath
- Days on market
- 469
- MLS #
- 220204660
- View
- Cascade Mountains · Lake
- Lot
- Level
- Utilities
- Cable Available · Electricity Available · Natural Gas Available
06
Location & schools
N/A42.2435° N · 121.7938° W
Directions- Elementary
- Check with District
- Middle
- Check with District
- High
- Check with District
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
07
Monthly payment
$1,546/mo$1,546/mo
$219,600 loan · 30 yr fixed · 6.5%
- Principal & interest
- $1,388
- Property tax (listing)
- $55
- Home insurance (est.)
- $103
20% · $54,900
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
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#220225928Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 11:31 AM.
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