$689,000
Tillamook, OR 97141
MLS# 26-608
8 beds | 4 baths | 3572 sqft
1 / 26
Property Description
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.
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2026-03-15
Contract
Permissible for Vacation Rental: Unknown
Current Price: $689,000
Status: Active
Begin Date: 2026-03-15
List Price: $689,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Currently Not Used
Accessory Dwelling Unit YN: No
Tax & Legal
CC&R's: No
Association/Community
Senior Community YN: No
Interior
Basement YN: No
Fireplace YN: No
Living Area Source: Assessor
Main Floor Living: Yes
Bedrooms Total: 8
Bathrooms Total: 4
Bathrooms Full: 4
Above Grade Finished Area: 3572
Living Area: 3572
Building
Year Built Source: Assessor
Accessibility Features YN: No
Year Built: 1978
Stories Total: 2
Lot
Pool Private YN: No
View YN: Yes
Water Body Access YN: No
Lot Size Acres: 0.43
Lot Size Square Feet: 18730.8
Utilities
Electricity Connected: 1
Phone Available: 1
Separate Meters: 1
Sewer Connected: 1
Water Connected: 1
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Refrigerator: 1
Washer: 1
Architectural Style
Traditional: 1
Building and Property Details
Washer/Dryer Type: Electric
Construction Materials
Wood Siding: 1
Cooling
None: 1
Fencing
None: 1
Flooring
Vinyl: 1
Foundation Details
Concrete Perimeter: 1
Heating
Electric: 1
Wall Furnace: 1
Zoned: 1
Interior Features
Storage: 1
Levels
Two: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Lot Features
Level: 1
Other Equipment
None: 1
Other Structures
None: 1
Outdoor Living Spaces Features
Covered Patio: 1
Deck: 1
Parking Features
Off Street: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Sewer
Septic Tank: 1
Special Listing Conditions
Standard: 1
Water Body View
No: 1
Water Source
Public: 1
Window Features
Double Pane Windows: 1
Vinyl Frames: 1
Owner Pays
Trash Collection: 1
Water: 1
Tenant Pays
Electricity: 1
Internet: 1
Unit Four
Unit Number: 4
Occupied: Yes
Beds Total: 2
Baths Total: 1
Living Area: 893
Furnished: Unfurnished
Parking Spaces: 2
Unit Four Features
Dishwasher: 1
Range/Oven: 1
Refrigerator: 1
Washer: 1
Unit One
Unit Number: 1
Occupied: Yes
Beds Total: 2
Baths Total: 1
Living Area: 893
Furnished: Unfurnished
Parking Spaces: 2
Unit One Features
Dishwasher: 1
Range/Oven: 1
Refrigerator: 1
Washer: 1
Unit Three
Unit Number: 3
Occupied: Yes
Beds Total: 2
Baths Total: 1
Living Area: 893
Furnished: Unfurnished
Parking Spaces: 2
Unit Three Features
Dishwasher: 1
Range/Oven: 1
Refrigerator: 1
Washer: 1
Unit Two
Unit Number: 2
Occupied: Yes
Beds Total: 2
Baths Total: 1
Living Area: 893
Furnished: Unfurnished
Parking Spaces: 2
Additional Tax and Location Information
Highway 101: East Side
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Documents
Lead Based Paint Disclosure: 1
Property Disclosure: 1
Listing Information
Listing Association Name: Tillamook County BOR
Property Sub Type: Quadruplex
Address
Street Number: 5514
Street Name: 3rd
Street Suffix: Street
County: Tillamook
State: OR
Postal Code: 97141
Directions: Hwy 6 to Olsen Road. Right on Third Street, Property on your right.
Parcel Number: 149547
Tax Legal
Subdivision Name: None
Tax Annual Amount: 3353.26
Tax Year: 2025
Zoning: TM-R0 Tillamook - Residential Multiple Use
Tax Lot: 00204
Tax Map Number: 1S0928BD
AssociationCommunity
Number Of Buildings: 1
Number of Units: 4
Parking Information
Parking Total: 8
Meter Information
Number Of Separate Electric Meters: 4
Number Of Separate Water Meters: 4
Unit Details
Number Of Units Leased: 4
Property Features
Utilities: Electricity Connected; Phone Available; Separate Meters; Sewer Connected; Water Connected; Electricity Connected; Phone Available; Separate Meters; Sewer Connected; Water Connected
Appliances: Dishwasher; Dryer; Electric Range; Refrigerator; Washer
Architectural Style: Traditional
Construction Materials: Wood Siding
Cooling: None
Fencing: None
Flooring: Vinyl
Foundation Details: Concrete Perimeter
Heating: Electric; Wall Furnace; Zoned
Interior Features: Storage
Levels: Two
Listing Terms: 1031 Exchange; Cash; Conventional
Lot Features: Level
Other Equipment: None
Other Structures: None
Outdoor Living Spaces Features: Covered Patio; Deck
Owner Pays: Trash Collection; Water
Parking Features: Off Street
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Composition
Sewer: Septic Tank
Special Listing Conditions: Standard
Tenant Pays: Electricity; Internet
Unit Four Features: Dishwasher; Range/Oven; Refrigerator; Washer
Unit One Features: Dishwasher; Range/Oven; Refrigerator; Washer
Unit Three Features: Dishwasher; Range/Oven; Refrigerator; Washer
Water Body View: No
Water Source: Public
Window Features: Double Pane Windows; Vinyl Frames
Showing Requirements: Appointment Only; Call Listing Agent
Documents: Lead Based Paint Disclosure; Property Disclosure
Trio 
Listing Office: Rob Trost Real Estate - Tillam
Office Phone: 503-842-9092
Office Email: office@robtrost.com
Last Updated: June - 09 - 2026
Information deemed reliable but not guaranteed.