$495,000
861 Russell
Klamath Falls, OR 97603 · N/A
Active6 days on market$253/sqft
Facts
Listing courtesy of Fisher Nicholson Realty, LLC, agent McKenzie Smith
Data last updated June 22, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
Breathtaking views & endless possibilities on this one-of-a-kind property spanning over 30 acres in the beautiful Bear Valley area. Spacious 3 bedroom, 2-bathroom home offers a warm & inviting open-concept layout, featuring a large living & dining area centered around a cozy pellet stove. The updated kitchen includes a generous pantry, breakfast bar, & dedicated office space, making it both functional & welcoming. Outside enjoy 2 large shops, an attached two-car garage, RV storage w/hookups, greenhouse, chicken coop, & approx 8 acres of fenced pasture provide ample room for livestock. The standout shop also includes a 1-bedroom apartment with a kitchen, bathroom, laundry room, pellet stove, comfortable living area, perfect for guests or extended family. Outdoor enthusiasts will appreciate the private shooting range & direct access to adjacent BLM land, offering countless opportunities for exploration, recreation, & enjoying the natural beauty that surrounds this remarkable property.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $396,000 · $99,000 down · 30 year term
Monthly cash flow, cap rate, and cash-on-cash return at this price. Every number is an estimate you can adjust to your own financing and rent.
Estimate $2,475 ($2,100–$2,850) · starting estimate. Edit to your own number.
At $495,000 with 25% down, this property runs $1,003 per month negative. Adjust the price, down payment, or rent to find what works.
Estimates only, not investment advice or a guarantee of rent, value, or return. Figures depend on the numbers you enter and current market conditions. Verify with your lender, tax advisor, and a Ryan Realty broker before you rely on them.
We pull climate risk data from FEMA flood maps, the Deschutes County wildland-urban interface map, and NOAA heat trends. Detailed scoring for this property is on request.
Get the climate reportWe compute vacation rental projections from comparable short-term rentals in the same community, weighted by bed count, view, and amenities. A custom projection for this property is on request.
Get the rental projectionBrowse current listings with a full video tour. See the flow, the light, and the lot before you book a showing.
