Listed by: Jill C Russel · eXp Realty LLC.

$335,000Price cut $5,000 · Oct 2
  • 3 beds
  • 2 baths
  • 1,854 sqft

5481 Gatewood Drive, Klamath Falls, OR 97603

Est. $2,037/moPayment calculator
  • Single Family ResidenceHome type
  • Built in 1977Year built
  • 8,712 sqftLot
  • $181/sqftPrice per sqft
  • NoneHOA
  • 2-car garageParking

About this home

  • Listed Sep 3, 2026
  • 29 days on market
  • 25 photos

Welcome to 5481 Gatewood! This well-maintained 3-bedroom, 2-bath home offers 1,854 sq ft of comfortable living space on an 8,712 sq ft lot. Fresh interior paint creates a bright, clean feel throughout, giving the home a refreshed and inviting atmosphere from the moment you step inside. The updated kitchen, with Corian countertops, adds both style and function, making it a natural gathering place for everyday living and entertaining. Spacious living areas provide flexibility for relaxing or hosting, while the thoughtful layout offers privacy and comfort across all three bedrooms. Both bathrooms have been nicely updated. Outside, the generous lot provides room to enjoy, garden, or create your ideal outdoor retreat. A 2-car garage adds convenience and additional storage. With key updates already completed and a move-in ready feel, 5481 Gatewood is ready for its next chapter.

Facts & features

Interior

Bedrooms
3
Bathrooms
2
Full bathrooms
2
Living area
1,854 sqft
Levels
One

Features

  • Breakfast Bar
  • Built-in Features
  • Ceiling Fan(s)
  • Pantry
  • Primary Downstairs
  • Shower/Tub Combo
  • Solid Surface Counters
  • Tile Shower
  • Walk-In Closet(s)

Appliances

  • Dishwasher
  • Disposal
  • Dryer
  • Range
  • Range Hood
  • Refrigerator
  • Washer
  • Water Heater

Heating & cooling

  • Forced Air
  • Natural Gas
  • Central Air

Flooring

  • Laminate

Property

Lot size
8,712 sqft
Garage spaces
2
Subdivision
Gatewood

View

  • Neighborhood
  • Territorial

Parking

  • Attached
  • Driveway
  • Garage Door Opener
  • On Street

Construction

Home type
Single Family Residence
Property type
Residential
Year built
1977

Materials

  • Frame
  • Composition roof

Utilities

Sewer & water

  • Public Sewer
  • Public water

Community & HOA

Subdivision
Gatewood
HOA dues
None
County
Klamath

Financial & listing details

List price
$335,000
Original list price
$395,000
Price per sqft
$181
Annual property tax
$3,279
Date on market
Sep 3, 2026
Days on market
29
MLS#
220216512

Price & status history

DateEventPrice
Oct 2, 2026Price changePrice cut $5,000 (1.5%)$335,000
Sep 3, 2026Listed for sale$395,000

Neighborhood

  • SubdivisionGatewood
  • CityKlamath Falls, OR 97603
  • CountyKlamath

Payment calculator

Estimated monthly payment

$2,037/mo

  • Principal & interest$1,694
  • Property taxes$273
  • Homeowners insurance$70
  • HOA dues$0

Loan amount $268,000 · 30-year fixed at 6.5%

Down payment
Loan term

An estimate for planning, not a loan offer. The 6.5% rate is an example; ask a lender for today’s rate. Taxes use the listing’s annual tax amount. Insurance is estimated; mortgage insurance is not included.

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MLSCO

Listing provided by eXp Realty LLC. · Listing agent: Jill C Russel

Source
MLS of Central Oregon
MLS#
220216512
Last updated
Oct 2, 2026 at 2:05 PM

Listing information is deemed reliable but not guaranteed and should be independently verified. Listings shown are for demonstration while our MLS of Central Oregon IDX feed is being set up.