$995,000
1/21.2 AC · Land
615 S Spring Street
Klamath Falls, OR 97601
#220201761 01 / 59
For sale Price cut $300K on Sep 10
$995,000
1081 Joe Wright Road
Klamath Falls, OR 97603 · Russell Acres
- Baths
- 0
- Acres
- 2.77
- Built
- 1943
Est. $6,046/mo~204 min to downtown Bend (approx.)
Listing by RE/MAX Platinum · 541-734-5500
MLS# 220213003 · Active
01
About this home
Exceptional Investment Opportunity! Own three large commercial shops with office space and a single-family home on 2.77 acres in a desirable commercial location with room to expand. Includes a 4400 sq. ft. shop with 4 bay doors, multiple offices, 2 bathrooms, and large conference room; A 4,800 sq. ft. (60x80 ft) industrial building/warehouse, insulated and heated with two roll-up doors and office; A 2,000 sq. ft. (40x50 ft) shop with 2 bay doors: and a 951 Sq. Ft 2 bedroom 1 bathroom home that has been fully updated throughout. Each building is designed for operational efficiency, flexibility, and infrastructure readiness. The property offers excellent truck access, partial fencing with gated entry, Irrigation rights and an undeveloped portion ideal for additional buildings, storage units or RV storage. A prime opportunity for an growing business investor seeking functionality, income potential, and long-term growth.
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03
Price history
Cut $300K| Date | Event | Price |
|---|---|---|
| Sep 10, 2026 | Price cut−$300,000 (23.2%) | $995,000 |
| Dec 16, 2025 | Listed for sale | $1,295,000 |
From the MLS: original list price and latest price change. 294 days on market.
04
Drive times
~204 min to downtown Bend- Sunriver Village~184 min · 155.2 mi
- Mt. Bachelor~193 min · 162.9 mi
- Old Mill District~203 min · 171.5 mi
- Downtown Bend~204 min · 172.5 mi
- St. Charles Bend~206 min · 174.3 mi
- Sisters~225 min · 191.4 mi
- Redmond Airport (RDM)~226 min · 191.9 mi
- Smith Rock State Park~237 min · 202 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
Built 1943- Year built
- 1943
- Lot
- 2.77 AC · 120,661 SF
- HOA
- None reported
- Taxes
- $7,702/yr
- Subdivision
- Russell Acres
- County
- Klamath
- Days on market
- 294
- MLS #
- 220213003
- Flooring
- Concrete · Carpet · Vinyl
- Heating
- Ductless · Electric · Natural Gas
- Cooling
- Ductless
- Parking
- Asphalt · Driveway · Gated · Gravel · RV Access/Parking
- View
- Territorial
- Lot
- Corner Lot · Fenced · Landscaped
- Roof
- Composition · Metal
06
Location & schools
Russell Acres42.1669° N · 121.7760° W
Directions07
Monthly payment
$6,046/mo$6,046/mo
$796,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $5,031
- Property tax (listing)
- $642
- Home insurance (est.)
- $373
20% · $199,000
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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#220197663Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 10:30 AM.
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