5514 3RD ST Tillamook, OR $ 689,000
5514 3RD ST
$ 689,000
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5514 3RD ST

Tillamook, OR, 97141
$ 689,000
Bedrooms8 Baths4.0 Sq 3,572

Monthly Estimate*

$ 4,242

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Multi-Family Home for sale in Tillamook, OR

for $689,000 with 8 bedrooms and 4 full baths. This 3,572 square foot home was built in 1978 on a lot size of 0.43.

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.

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Multi-Family Active

Price

$ 689,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 3,353

Style

Lot Size

0.43

Year Built

1978

Town/City

Tillamook

County/Region

Tillamook

MLS | Web ID

677123962

Features
General
Sewer SepticTank StandardSeptic
Heating WallFurnace Zoned
Cooling None
Roof Composition
Zoning TM-R0
Year Built 1978
Stories Count 2
Tax Year 2025
Parcel Number 149547
Gross Income 43800.0
County Tillamook
Net Operating Income 31920.0
Operating Expense 8393.0
Property Type MultiFamily
HOA N
Rent Includes Sewer TrashCollection Water
Status Active
Directions From Tillamook East on Hwy 6 right on Olsen Road right on 3rd Street 4-plex on the right.
High School Tillamook
City Tillamook
Disclosures Disclosure
Number Of Units Total 4
MLS Area _195
Lot Size Square Feet 18730.0
Listing Terms Cash Conventional
Elementary School South Prairie
Tax Annual Amount 3353.26
Middle/Junior High School Tillamook
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 1S0928BD00204
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Interior
Basement CrawlSpace
Storage None
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit 3 Baths Total 1
Unit 3 Beds Total 2
Unit 4 Baths Total 1
Unit 4 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Exterior
Parking Features OffStreet Paved
Lot Features Level
Water Source PublicWater
Total Parking 8.0
Exterior Description VinylSiding
Foundation Details ConcretePerimeter
Building Area Total 3572.0
Lot Size Acres 0.43
Road Surface Type Paved
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Internal Only
Street Number 1 5514
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* Excluded Features
List By
Rob Trost Real Estate Llc

Broker

strohmaierjen@gmail.com

Email

Affordability Calculator

$4,522
Per Month
94%
6%
0%
Monthly Principal & Interest
$4,242
Monthly Property Taxes
$279
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
Pricing History
DatePricePrice ChangeDescription
3/15/2026$689,000 Listed Price

Map


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5514 3RD ST, Tillamook, OR, 97141 is a Multi-Family Home for sale at $689,000 with 3,572 sqft and a lot size of 0.43. 5514 3RD ST has 8 bedrooms, 4.0 baths, and was built in 1978. The property's zip code is 97141 which is in Tillamook, OR