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$2,600,000 Just Listed

  • For Sale
  • Active
  • Commercial Service
  • Updated 3 days ago
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Exceptional investment opportunity in this quality commercial office building offering approximately 8,300 SF & a stable tenant already in place. The existing lease includes an escalation clause, has 4 years remaining & provides an option to renew. Designed for functionality & professional appeal, the building features 2 entrances leading to 16 windowed offices, 3 variable-sized conference rooms, a kitchen with sink and dining area, & 4 restrooms- 1 with a shower. Additional improvements include heated front sidewalk, a dedicated parking lot with 26+ spaces & upgraded LED lighting, high-density mobile filing storage system, high-end updated fixtures, fire-resistant storage room, central air heating & AC. This property is positioned within Downtown Klamath Falls for strong public visibility on this well-appointed office property that offers a compelling combination of income, quality, and long-term potential.

Full Property Details for 422 S 5th

General

  • Price: $2,600,000
  • Taxes: $11,139 (2025)
  • Status: Active
  • Type: Commercial Service
  • Source: ODS
  • MLS ID: 220225115
  • Updated: 7/10/2026
  • Added to Site: 4 day(s) ago

Interior

  • Interior Features: Wired for Data
  • Flooring: Carpet, Laminate

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s), Security System Owned, Smoke Detector(s)

Parking

  • Total Spaces: 26
  • Parking Features: Asphalt, Parking Lot
  • Parking: Primary Suite

Location

  • Area: 8264
  • County: Klamath
  • Subdivision: N/A
  • Cross Streets: Oak Ave
  • Driving Directions: Traveling north on OR-39 BUS N/S 6th St; Continue straight onto S 6th St; Turn left onto Oak St; Turn left onto S 5th St. Building to the immediate right.

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Electric, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Block, Frame
  • Basement Desc.: None
  • Foundation: Concrete Perimeter
  • Roof: Metal
  • Common Walls: No Common Walls, No One Above, No One Below
  • Stories/Levels: 1
  • Square Feet: 8,264
  • Sq. Ft. Source: Other
  • Year Built: 2019

Lot Features

  • Property View: Neighborhood
  • Lot Size (Acres): 0.66
  • Lot Size (Sq. Ft.): 28,750
  • Frontage: Shared Access
  • Street/Road Desc.: Paved
  • Lot Features: Level
  • Zoning: GC

Financial Considerations

  • Price Per Sq. Ft.: $314.62
  • Tax Amount: $11,139.98
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • APN: 477111
  • Section: Not Applicable
  • Block: 92
  • Lot Number: 1

Listed by Coldwell Banker Holman Premier (541) 884-1343, Elizabeth Eagleton (541) 891-6393

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Listing agent

— 422 S 5th —

  • Elizabeth Eagleton

    Coldwell Banker Holman Premier

    541-884-1343

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 422 S 5th

School District:Klamath Falls City Schools
NameGradesDistance
Mills Elementary School
520 East Main Street, Klamath Falls, OR 97601
K-50.8 mi
Ponderosa Junior High School
2554 Main Street, Klamath Falls, OR 97601
6-81.1 mi
Klamath Union High School
1300 Monclaire Street, Klamath Falls, OR 97601
9-120.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 422 S 5th Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/10/2026
Listed
$2,600,000
131.11%
MLS
12/09/2019
Sold
$1,125,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 422 S 5th

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,140
2%
$650,500
3%
2024
$10,880
4%
$631,560
—
2023
$10,446
6%
$631,560
9%
2021
$9,838
-4%
$577,990
-3%
2022
$10,239
4%
$595,320
6%
2021
$9,838
79%
$561,160
72%
2019
$5,494
9%
$327,030
2%
2018
$5,024
11%
$321,890
10%
2017
$4,532
9%
$292,160
9%
2016
$4,155
-15%
$267,580
-15%
2015
$4,905
8%
$315,360
—
2014
$4,560
-4%
$315,360
-1%
2013
$4,758
—
$317,510
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Coldwell Banker Holman Premier (541) 884-1343, Elizabeth Eagleton (541) 891-6393

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422 S 5th, Klamath Falls, OR 97601 (MLS# 220225115) is a Commercial Service property. 422 S 5th is currently listed for $2,600,000 and was received on July 10, 2026. Want to learn more about 422 S 5th? Do you have questions about finding other Commercial Service real estate for sale in Lake Shore Gardens? You can browse all Lake Shore Gardens real estate or contact a Coldwell Banker agent to request more information.

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