1110 Meadow Ave Tillamook, OR 97141
Estimated payment $7,567/month
Highlights
- View of Trees or Woods
- Baseboard Heating
- High Speed Internet
- Private Lot
About This Home
Rare Investment Opportunity! Two well-maintained 4-plexes on adjacent tax lots totaling 1.13 acres, sold together as a package. Fully occupied with long-term tenants and room for upside as rents remain below market. Each unit is separately metered and served by public water and sewer. Excellent ''end-of-the-road'' location backing East Elementary offering privacy and a wooded setting tenants love. Seven, one-level, 2BD/1BA units and one larger 3BD/2BA unit with 2BD/1BA on main level and primary suite upstairs with deck. Detached 1,153 sq ft three-bay shop, paved parking. Solid roofs, siding, paint, and vinyl windows. Ample parking. A local favorite with consistent, reliable income and strong rental history. A solid investment with terrific upside potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,953
Year Built
- Built in 1972
Lot Details
- 1.13 Acre Lot
- Private Lot
- Level Lot
- Flag Lot
Parking
- 3 Car Garage
- Driveway
Home Design
- Shingle Roof
- Composition Roof
- Plywood Siding Panel T1-11
- Concrete Perimeter Foundation
Interior Spaces
- 8,198 Sq Ft Home
- 2-Story Property
- Views of Woods
Bedrooms and Bathrooms
- 17 Bedrooms
- 9 Bathrooms
Schools
- East Elementary School
- Tillamook Middle School
- Tillamook High School
Utilities
- No Cooling
- Heating System Mounted To A Wall or Window
- Baseboard Heating
- Electric Water Heater
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 106334
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $30,120
- Gross Income $100,620
- Net Operating Income $70,500
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,175 | $437,690 | $79,440 | $358,250 |
| 2023 | $5,128 | $424,950 | $77,130 | $347,820 |
| 2022 | $4,953 | $412,580 | $74,880 | $337,700 |
| 2021 | $4,807 | $400,570 | $72,700 | $327,870 |
| 2020 | $4,675 | $388,910 | $70,580 | $318,330 |
| 2019 | $4,557 | $377,590 | $68,520 | $309,070 |
| 2018 | $4,440 | $366,600 | $66,520 | $300,080 |
| 2017 | $4,221 | $355,930 | $64,580 | $291,350 |
| 2016 | $3,896 | $337,430 | $109,840 | $227,590 |
| 2015 | $3,451 | $295,630 | $96,050 | $199,580 |
| 2014 | $3,311 | $279,790 | $96,050 | $183,740 |
| 2013 | -- | $291,060 | $100,510 | $190,550 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/06/2025 10/06/25 | For Sale | $1,250,000 | -- | $152 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 218336059
APN: R0106334
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