1110/1120 Meadow Avenue, Tillamook, OR 97141 (MLS# TC-22550)

$1,250,000

1110/1120 Meadow Avenue
Tillamook, OR 97141
MLS# TC-22550
17 beds | 9 baths | 8198 sqft

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Property Description
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.

Details

Maps

Documents

Status Change Information

Status Change Timestamp: 2025-10-07

Contract

Permissible for Vacation Rental: Unknown

Current Price: $1,250,000

Status: Active

Begin Date: 2025-10-07

List Price: $1,250,000

Listing Agreement: Exclusive Right To Sell

Listing Service: Full Service

Tax & Legal

CC&R's: No

Association/Community

Senior Community YN: No

Interior

Basement YN: No

Main Floor Living: Yes

Bedrooms Total: 17

Bathrooms Total: 9

Bathrooms Full: 9

Above Grade Finished Area: 8198

Living Area: 8198

Building

Accessibility Features YN: No

Year Built: 1972

Lot

View YN: Yes

Water Body Access YN: No

Lot Size Acres: 1.13

Lot Size Square Feet: 49222.8

Utilities

Cable Available: 1

Electricity Available: 1

Phone Available: 1

Separate Meters: 1

Sewer Connected: 1

Remarks

Tillamook Public Historical Details: Interior Features: Dining-Living/Combo, Appliances: Range, Unit 7: Unit Number: 7,Bedroom: 2,Bethroom: 1,SQFT: 944, Unit 8: Unit Number: 8,Bedroom: 2,Bethroom: 1,SQFT: 944, Unit 9: Unit Number: ,Bedroom: 3,Bethroom: 2,SQFT: 1590

Appliances

Dishwasher: 1

Refrigerator: 1

Architectural Style

Other: 1

Construction Materials

Frame: 1

Cooling

None: 1

Exterior Features

Lighting: 1

Fencing

Partial: 1

Flooring

Carpet: 1

Vinyl: 1

Foundation Details

Concrete Perimeter: 1

Heating

Electric: 1

Levels

One: 1

Listing Terms

Cash: 1

Conventional: 1

Lot Features

Level: 1

Parking Features

Detached Garage: 1

Possession

Close Of Escrow: 1

Road Surface Type

Paved: 1

Roof

Composition: 1

Sewer

Public Sewer: 1

Water Source

Public: 1

Window Features

Vinyl Frames: 1

Income and Expenses

Gross Income: 100620

Net Operating Income: 70500

Unit One

Unit Number: 1

Beds Total: 2

Baths Total: 1

Living Area: 944

Parking Spaces: 2

Unit Two

Unit Number: 2

Beds Total: 2

Baths Total: 1

Living Area: 944

Parking Spaces: 2

Additional Tax and Location Information

Highway 101: East Side

Tax District: Tillamook

Showing Requirements

Appointment Only: 1

Call Listing Agent: 1

Documents

Property Disclosure: 1

Historical Details

Historical MLS Number: 25-545

Listing Information

Listing Association Name: Tillamook County BOR

Property Sub Type: Quadruplex

Address

Street Number: 1110/1120

Street Name: Meadow

Street Suffix: Avenue

County: Tillamook

State: OR

Postal Code: 97141

Directions: From Tillamook: East on 3rd St. Right on Meadow, Follow to very end of the road. Turn right.

Parcel Number: 00703

Tax Legal

Subdivision Name: None

Tax Annual Amount: 10409.5

Tax Year: 2024

Zoning: R7.5

Tax Lot: 703 & 704

Tax Map Number: 1S-09-29-CD-00703

AssociationCommunity

Number of Units: 2

Parking Information

Garage YN: 1

Garage Spaces: 3

Parking Total: 16

Property Features

Utilities: Cable Available; Electricity Available; Phone Available; Separate Meters; Sewer Connected; Cable Available; Electricity Available; Phone Available; Separate Meters; Sewer Connected

Appliances: Dishwasher; Refrigerator

Architectural Style: Other

Construction Materials: Frame

Cooling: None

Exterior Features: Lighting

Fencing: Partial

Flooring: Carpet; Vinyl

Foundation Details: Concrete Perimeter

Heating: Electric

Levels: One

Listing Terms: Cash; Conventional

Lot Features: Level