$2,250,000
SOLD SEP 16, 2014

1007 5th St Tillamook, OR 97141

6 Beds
4 Baths
48,040 Sq Ft
1972 Built

Recently Sold

$47 Per Sq Ft

61% Above List Price

214 Days on Market

About This Home

As of September 2014

Excellent investment opportunity with this 62 unit 4-building complex that is in good condition, has been well-maintained, has full tenancy, waiting list, reliable management and maintenance staff on site, 6.80 CAP rate, and seller would prefer to provide financing with 50% down at 6% amortized over 20 years with or without balloon. Full financial pkg available for review.

Last Agent to Sell the Property

Jules Martin

LUXE Forbes Global Properties License #200410009 Listed on: 11/28/2013

Last Buyer's Agent

Valerie Schumann

Berkshire Hathaway HomeService Northwest Real Estate License #200909125

Berkshire Hathaway HomeService Northwest Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Parking

  • Paved Parking
  • Assigned Parking

Home Design

  • Plywood Siding Panel T1-11

Interior Spaces

  • 2-Story Property
  • Range<<rangeHoodToken>>

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 62 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

62

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 48040
  • Stories: 2
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Slab
  • Legal Description: 1S-10-25-DB-11800

Exterior Features

  • Exterior Description: T-111 Siding
  • Lot Size: 1 to 2.99 Acres
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 62
  • Parking Description: Assigned, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Zoned

Condo/Co-op/Association

  • Common Amenities: Laundry
  • Unit Features: Range, Refrigerator

Schools

  • Elementary School: Liberty
  • Middle School: Tillamook
  • High School: Tillamook

Lot Info

  • Lot Description: Level
  • Zoning: TM-R7

Tax Info

  • Tax Amount: 12734.00
  • Assessor Parcel Number: 121371

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 62
  • Gross Rent Multiplier: 6.24

MLS Schools

  • Elementary School: Liberty
  • High School: Tillamook
  • Middle School: Tillamook

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2014 09/16/14 Sold $2,250,000 0.0% $47 / Sq Ft
09/16/2014 09/16/14 Sold $2,250,000 +60.7% $47 / Sq Ft
06/30/2014 06/30/14 Pending -- -- --
11/28/2013 11/28/13 For Sale $1,400,000 -- $29 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Juli Gun

    Berkshire Hathaway NW RE

  • Jules Martin

    Seller's Agent in 2014

    Jules Martin

    LUXE Forbes Global Properties

    (971) 808-9618

    31 Total Sales

    Jules Martin
    Section Image

  • V

    Buyer's Agent in 2014

    Valerie Schumann

    Berkshire Hathaway NW RE

  • S

    Buyer's Agent in 2014

    Steve Schmitz

    John L. Scott Market Center

See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 13186553

Regional Multiple Listing Service (RMLS)

Oregon Tillamook County Tillamook 97141

1007 5th St, Tillamook, OR

This home is located at 1007 5th St, Tillamook, OR 97141 and is currently priced at $2,250,000, approximately $46 per square foot. This property was built in 1972. 1007 5th St is a home located in Tillamook County with nearby schools including Tillamook High School, Little Clipper Preschool, and Tillamook Adventist School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Nearby Homes