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About This Home
This 8-bedroom, 4-bathroom residential multi family at 5514 3RD St in Tillamook, OR is listed for $689,000 ($193 per sqft). Built in 1978, the home offers 3,572 sqft of living space on a 0.43 acres lot.
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.
Key Features
- Built in 1978
- 0.43 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$3,685/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5514 3RD St
Tillamook, OR 97141
Property Details
Heating
Questions & Answers
This 8-bedroom, 4-bathroom residential multi family at 5514 3RD St is listed at $689,000 ($193/sqft). The estimated monthly payment is $2,986 based on 20% down at 6.5% interest.
Key features include: Built in 1978, 0.43 acre lot, 2 stories.
This property is listed by Jennifer Strohmaier and can be reached at 5038126078 or strohmaierjen@gmail.com.