REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Rob Trost Real Estate LLC
$ 689,000
Est. payment /mo
Active
5514 3RD ST Tillamook, OR 97141
3,572 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,572 sqft
Price per Sqft $192
MLS Listing ID 677123962
HOA Y/N No
Year Built 1978
Annual Tax Amount $3,353
Tax Year 2025
Lot Size 0.430 Acres
Property Description
Investment Opportunity! This well-located 4-plex sits on a generous .43-acre parcel and is the last property before the grange, offering a convenient setting with open views. The property is fully occupied with long-term tenants and presents excellent upside potential as current rents remain below market rates. Each unit is separately metered and served by septic and public water, helping keep monthly utility expenses low and management simple. Tenants enjoy private decks with views of the surrounding valley and mountains, along with ample onsite parking. With a strong rental history, consistent occupancy and room to increase income over time, this property represents a solid investment with promising future potential.
Location
State OR
County Tillamook
Area _195
Zoning TM-R0
Rooms
Basement Crawl Space
Interior
Heating Wall Furnace, Zoned
Cooling None
Exterior
View Mountain
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter
Sewer Septic Tank, Standard Septic
Water Public Water
Level or Stories 2
Schools
Elementary Schools South Prairie
Middle Schools Tillamook
High Schools Tillamook
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
