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1010 IVY AVE Tillamook, OR $ 925,000
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$ 925,000 Get more info
1010 IVY AVE
$ 925,000
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1010 IVY AVE

Tillamook, OR, 97141
$ 925,000
Bedrooms3 Baths3.0 Sq 7,098

Monthly Estimate*

$ 5,771

1010 IVY AVE, Tillamook, OR 97141 - Image 1
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Multi-Family Home for sale in Tillamook, OR

for $925,000 with 3 bedrooms and 3 full baths. This 7,098 square foot home was built in 1938 on a lot size of 0.3.

Ivy Avenue Apartments is located in picturesque Tillamook, Oregon. Ivy Avenue Apartments offer a straightforward value-add proposition in a classic single-level layout. The asset is comprised of 12 units in studio, one- and two-bedroom floorplans. Four of the one-bedroom units match floorplans in other units that have been converted to two-bedroom units, allowing for an additional $75 monthly increase. A savvy investor could continue that conversion path to achieve greater rent upside during their ownership. Prospective Buyers to do their own due diligence on feasibility of conversion.Originally constructed in 1938, Ivy Avenue has received light updates over the years, but is still poised for curb appeal and interior improvements to capture tenants seeking higher-quality residential options in a town with exceptionally low vacancy and limited market-rate housing options.

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Multi-Family Active

Price

$ 925,000

Bedrooms

3

Full Bath

3

Property Type

Multi-Family

Taxes

$ 3,150

Style

Lot Size

0.3

Year Built

1938

Town/City

Tillamook

County/Region

Tillamook

MLS | Web ID

624308093
Features
General
Sewer PublicSewer
Heating WallHeater
Cooling None
Roof Composition
Zoning Res
Garage Spaces 0
Security Features None
Year Built 1938
Stories Count 1
Tax Year 2024
Parcel Number 126713
Gross Income 121334.0
Community Features Laundry
County Tillamook
Net Operating Income 74037.0
Operating Expense 47297.0
Property Type MultiFamily
HOA N
Rent Includes Sewer TrashCollection Water
Status Active
Directions Ivy Ave and 11th St NW corner
High School Tillamook
City Tillamook
Number Of Units Total 12
MLS Area _195
Lot Size Square Feet 13068.0
Listing Terms Cash Conventional
Elementary School South Prairie
Tax Annual Amount 3150.0
Middle/Junior High School Tillamook
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SUBD NAME: DREW'S ADDITION BLK NO: 1 LOT NO: 10; 8; 9
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Interior
Basement None
Storage None
Hot Water Tank
Unit 1 Baths Total 1
Unit 1 Beds Total 0
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit 3 Baths Total 1
Unit 3 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3
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Exterior
Parking Features OffStreet
Lot Features Level
Water Source PublicWater
Total Parking 12.0
Exterior Description WoodSiding
Foundation Details Other
Building Area Total 7098.0
Lot Size Acres 0.3
Road Surface Type Gravel
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Internal Only
Street Number 1 1010
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* Excluded Features
List By
Realtynet, Llc

Broker

info@realtynetllc.com

Email

Affordability Calculator

$6,033
Per Month
96%
4%
0%
Monthly Principal & Interest
$5,771
Monthly Property Taxes
$263
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949447 Elementary School
1948986 Middle School
Tillamook High School High School
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Pricing History
DatePricePrice ChangeDescription
8/8/2025$925,000 Listed Price

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1010 IVY AVE, Tillamook, OR, 97141 is a Multi-Family Home for sale at $925,000 with 7,098 sqft and a lot size of 0.3. 1010 IVY AVE has 3 bedrooms, 3.0 baths, and was built in 1938. The property's zip code is 97141 which is in Tillamook, OR

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