$1,500,000
2236 3rd Street
Malin, OR 97632 · Klamath Forest Estates
- Baths
- 0
- Acres
- 0.72
- Built
- 1939
MLS# 220209606 · Active
About this home
Excellent opportunity to acquire a well-positioned 15-unit apartment property in Malin, Oregon, offering the potential for steady rental income and long-term investment value. The majority of the units feature desirable two-bedroom layouts. The property showcases attractive brick construction surrounding a welcoming courtyard, providing strong curb appeal and a pleasant residential setting. The units are generally in good condition, with several having been recently updated. Capital improvements have also been made, including a new roof in 2026. Additional features include garage/storage space and a convenient location with a nearby park complete with an outdoor pool. With its established unit mix, attractive brick construction, courtyard setting, and recent improvements, this property presents an appealing opportunity for investors seeking a multifamily asset in Southern Oregon.
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Price history
380 days, no changes| Date | Event | Price |
|---|---|---|
| Sep 21, 2025 | Listed for sale | $1,500,000 |
From the MLS: original list price and latest price change. 380 days on market.
Drive times
~217 min to downtown Bend- Sunriver Village~198 min · 167.5 mi
- Mt. Bachelor~210 min · 177.7 mi
- Old Mill District~216 min · 182.9 mi
- Downtown Bend~217 min · 183.9 mi
- St. Charles Bend~218 min · 185.2 mi
- Redmond Airport (RDM)~238 min · 202.1 mi
- Sisters~241 min · 204.9 mi
- Smith Rock State Park~249 min · 212.3 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.
Facts & features
Built 1939- Type
- Multi Family
- Year built
- 1939
- Lot
- 0.72 AC · 31,363 SF
- HOA
- None reported
- Taxes
- $3,098/yr
- Subdivision
- Klamath Forest Estates
- County
- Klamath
- Days on market
- 380
- MLS #
- 220209606
- Interior
- Shower/Tub Combo
- Appliances
- Cooktop · Oven · Range · Refrigerator · Water Heater
- Flooring
- Carpet · Laminate · Simulated Wood · Vinyl
- Heating
- Baseboard · Electric
- Parking
- Driveway · Gravel · On Street · Shared Driveway
- View
- Territorial · Neighborhood
- Lot
- Corner Lot · Level · Native Plants
- Construction
- Brick · Frame
- Roof
- Composition
Location & schools
Klamath Forest Estates42.0118° N · 121.4106° W
Directions- Elementary
- Malin Elem
- Middle
- Check with District
- High
- Lost River High
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
Monthly payment
$8,405/mo$8,405/mo
$1,200,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $7,585
- Property tax (listing)
- $258
- Home insurance (est.)
- $562
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.
Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 11:31 AM.
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