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Listed by Rob Trost Real Estate LLC

$689,000

Est. payment - /mo

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3,572 SqFt

Active

5514 3RD ST Tillamook, OR 97141

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

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

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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