5481 Gatewood Drive, Klamath Falls, OR 97603 | MLS #220216512 | Berkshire Hathaway HomeServices Northwest Real Estate
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Listing provided courtesy of eXp Realty LLC.- MLS# 220216512MLS Provider

5481 Gatewood DriveKlamath Falls, OR 97603

Single Family · 3 Beds · 2 Full Baths · 1,854 Sq. ft. | 0.20 Acres
$350,000 Active

5481 Gatewood Drive Overview

Time on Site:
115 days
Visits:
0

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.

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5481 Gatewood Drive Facts & Features

  • Type Single Family
  • Sq. ft. 1,854
  • Price/Sq.ft. $189
  • Lot 0.20 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • Elementary School: Peterson Elem
  • Middle Or Junior School: Henley Middle
  • High School: Henley High

Building Information

  • New Construction: false
  • Year Built: 1977

Location/Region

  • County Or Parish: Klamath
  • Subdivision Name: Gatewood

Community/Development

  • Community Features: Park

Tax Information

  • Tax Annual Amount: 3279.39
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional,FHA,USDA Loan,VA Loan
  • Parcel Number: R3909014DB01400000
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: false
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: true

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 3

Building Interior

  • Building Area Total: 1854.0

General Information

  • Appliances: Dishwasher,Disposal,Dryer,Range,Range Hood,Refrigerator,Washer,Water Heater
  • Basement: None
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room,Wood Burning
  • Fireplace: true
  • Flooring: Laminate
  • Foundation Details: Block
  • Interior Features: Breakfast Bar,Built-in Features,Ceiling Fan(s),Pantry,Primary Downstairs,Shower/Tub Combo,Solid Surface Counters,Tile Shower,Walk-In Closet(s)
  • Levels: One
  • Living Area: 1854.0
  • Living Area Source: Assessor
  • Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
  • Window Features: Double Pane Windows,Vinyl Frames

Exterior

Parking Information

  • Parking Features: Attached,Driveway,Garage Door Opener,On Street

Lot Information

  • Additional Parcels: false
  • Irrigation Water Rights: false
  • Lot Features: Fenced,Landscaped,Level,Native Plants
  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Square Feet: 8712.0
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

  • View: Neighborhood,Territorial

Building Exterior/Construction

  • Architectural Style: Traditional
  • Attached Garage: true
  • Construction Materials: Frame
  • Roof: Composition

General Information

  • Other Structures: Shed(s)
  • Road Frontage Type: Shared Access
  • Sewer: Public Sewer

5481 Gatewood Drive Neighborhood

Community

97603 (Klamath Falls) Demographics

40
Median Age
94
Population Density (per sq. mile)
32%
College Educated
$51,790
Estimated Median Income
7,798
Estimated Total Home Owners
4,402
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5481 Gatewood Drive Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5481 Gatewood Drive Market Data

Based on the last 30 days in this zip code

$384,818
Average List Price
$214
Average Price per Square Foot
31
Properties Sold
106
Average Days on Market
186
Properties for Sale
Calculations provided by Reliance Network

5481 Gatewood Drive History

Date Event Value Agent
6/23/2026Source: Oregon Datashare Price Reduction
$350,000 -2.8%
6/11/2026Source: Oregon Datashare Price Reduction
$360,000 -2.7%
5/6/2026Source: Oregon Datashare Price Reduction
$370,000 -2.6%
3/18/2026Source: Oregon Datashare Price Reduction
$380,000 -3.8%
3/6/2026Source: Oregon Datashare Added to Database
March 06, 2026