$689,000

5514 3rd St Tillamook, OR 97141

Estimated payment $3,957/month

Total Views 1,768
8 Beds
4 Baths
3,572 Sq Ft
$193 Price per Sq Ft

Highlights

  • 0.43 Acre Lot
  • Deck
  • No HOA
  • Mountain View
  • Traditional Architecture
  • Double Pane Windows

About This Home

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.

Listing Agent

Jennifer Strohmaier

Rob Trost Real Estate - Tillam License #201227534 Listed on: 03/15/2026

Co-Listing Agent

Debbie Carr

Rob Trost Real Estate - Tillam License #201226871

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,353

Year Built

  • Built in 1978

Parking

  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,572 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Living Room
  • Storage
  • Washer
  • Vinyl Flooring
  • Mountain Views

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling
  • Zoned Heating
  • Wall Furnace
  • Separate Meters
  • Septic Tank
  • Phone Available

Additional Features

  • Deck
  • 18,731 Sq Ft Lot

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 149547

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,353

Year Built

Built in 1978

Lot Details

0.43 Acres

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.43
  • Lot Size Sq Ft: 18730.8
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Co List Office Mls Id: till
  • Co List Office Phone: 503-842-9092
  • Subdivision Name: None
  • Directions: Hwy 6 to Olsen Road. Right on Third Street, Property on your right.
  • Above Grade Finished Sq Ft: 3572.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Year Built: 1978
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Electric Range, Refrigerator, Washer
  • Other Equipment: None
  • Owner Pays: Trash Collection, Water
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Amenities: Storage
  • Stories: 2
  • Window Features: Double Pane Windows, Vinyl Frames
  • Window Features: Double Pane Windows, Vinyl Frames
  • Other Equipment: None
  • Owner Pays: Trash Collection, Water

Exterior Features

  • Fencing: None
  • Lot Features: Level
  • Pool Private: No
  • View: Mountain(s), Other
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Foundation Details: Concrete Perimeter
  • Other Structures: None
  • Patio And Porch Features: Covered Patio, Deck
  • Roof: Composition
  • View: Mountain(s), Other
  • Foundation Details: Concrete Perimeter
  • Other Structures: None
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Total Parking Spaces: 8.0
  • Parking Features: Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Electric, Wall Furnace, Zoned
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Sewer Connected, Water Connected, Phone Available, Separate Meters
  • Water Source: Public
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Sewer Connected, Water Connected, Phone Available, Separate Meters
  • Water Source: Public
  • Cooling: None
  • Heating: Electric, Wall Furnace, Zoned

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Land Lease: No
  • Parcel #: 149547
  • Zoning: TM-R0 Tillamook - Residential Multiple Use

Rental Info

  • Tenant Pays: Electricity, Internet
  • Tenant Pays: Electricity, Internet

Multi Family

  • Number Of Units Total: 4
  • Number Of Units Leased: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 4

Tax Info

  • Tax Annual Amount: 3353.26
  • Tax Lot: 00204
  • Tax Map Number: 1S0928BD
  • Tax Year: 2025

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2025 $3,353 $319,190 $83,750 $235,440
2024 $3,177 $309,900 $81,300 $228,600
2023 $3,158 $300,880 $78,930 $221,950
2022 $3,048 $292,120 $76,630 $215,490
2021 $2,959 $283,620 $74,390 $209,230
2020 $2,879 $275,360 $72,220 $203,140
2019 $2,799 $267,340 $70,120 $197,220
2018 $2,586 $258,600 $91,690 $166,910
2017 $2,451 $243,720 $105,780 $137,940
2016 $2,254 $226,260 $105,780 $120,480
2015 $2,240 $222,380 $105,780 $116,600
2014 $2,148 $209,810 $102,410 $107,400
2013 -- $215,470 $105,780 $109,690
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2026 03/15/26 For Sale $689,000 -- $193 / Sq Ft
Source: Oregon Coast Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Oregon Coast Multiple Listing Service

MLS Number: 26-608

Oregon Coast Multiple Listing Service

APN: R0149547

Oregon Tillamook County Tillamook 97141

5514 3rd St, Tillamook, OR

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Oregon Coast Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Jennifer Strohmaier
Listing Agent
Jennifer Strohmaier
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Rob Trost Real Estate - Tillam
(503) 966-8356
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