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Kern Building 125 S 6th St 8 Unit Apartment Building $4,240,304 CAD ($530,038 CAD/Unit) 6.59% Cap Rate Klamath Falls, OR 97601
Investment Highlights
- Office, Retail, and Student Housing
- Excellent condition
- Single long-term office and retail on ground floo with OHSU medical housing on 2nd Floor
Executive Summary
Prime investment opportunity in the heart of downtown Klamath Falls, southern Oregon. This fully occupied multi-tenant mixed use commercial building offers an excellent mix of long-term tenants including OHSU (Oregon Health Sciences University) residency housing on the recently remodeled 2nd-floor apartments, plus retail and professional offices on the ground level. Current tenants include a chiropractor, property management company, attorney, insurance agent, and retail shops. The building is in excellent condition with numerous updates including a shared elevator. Beautiful building with strong curb appeal. Included in the sale is the adjacent parking lot on a separate tax lot, providing convenience and added value. With a cap rate of 6.5% and a stable tenant base, this property is a solid addition to any investment portfolio. Please do not disturb tenants. Contact listing agent at ayork@windermere.com for rent roll and APOD. Leases and showings will be made available as part of buyer's due diligence. Owner will not carry. No showings until after an accepted offer. Do Not Disturb Tenants.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$346,964
|
$16.71
|
| Other Income |
$22,724
|
$1.09
|
| Vacancy Loss |
$8,068
|
$0.39
|
| Effective Gross Income |
$361,620
|
$17.42
|
| Taxes |
$10,934
|
$0.53
|
| Operating Expenses |
$64,805
|
$3.12
|
| Total Expenses |
$75,739
|
$3.65
|
| Net Operating Income |
$285,880
|
$13.77
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $346,964 |
| Annual Per SF | $16.71 |
| Other Income (CAD) | |
|---|---|
| Annual | $22,724 |
| Annual Per SF | $1.09 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,068 |
| Annual Per SF | $0.39 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $361,620 |
| Annual Per SF | $17.42 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,934 |
| Annual Per SF | $0.53 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $64,805 |
| Annual Per SF | $3.12 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $75,739 |
| Annual Per SF | $3.65 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $285,880 |
| Annual Per SF | $13.77 |
Property Facts
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Freezer
- Vacuum System
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Gameroom
- Elevator
- Smoke Detector
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Total Assessment | $835,812 CAD | |
| Land Assessment | $0 CAD | Annual Taxes | $10,934 CAD ($0.53 CAD/SF) |
| Improvements Assessment | $819,805 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$819,805 CAD
Total Assessment
$835,812 CAD
Annual Taxes
$10,934 CAD ($0.53 CAD/SF)
Tax Year
2025
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Kern Building | 125 S 6th St
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