5514 3rd St Tillamook, OR 97141
Tillamook AreaEstimated payment $4,062/month
Highlights
- 0.43 Acre Lot
- Traditional Architecture
- Double Pane Windows
- Deck
- No HOA
- Views
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
Rob Trost Real Estate - Tillam License #201227534 Listed on: 03/15/2026
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
- Property 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
- 4 Separate Electric Meters
- 4 Separate Water Meters
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/15/2026 03/15/26 | For Sale | $689,000 | -- | $193 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Source: Oregon Coast Multiple Listing Service
MLS Number: 26-608
APN: R0149547
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