5514 3rd Street, Tillamook, OR 97141 (MLS# 26-608)

5514 3rd Street, Tillamook, OR 97141

$689,000

Property Type: Residential Income Bedrooms: 8 Baths: 4 Square Footage: 3,572 Lot Size (sq. ft.): 18,731 Status: Active

Current Price: $689,000 List Date: 3/15/2026 Last Modified: 3/15/2026

Overview

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.

Listing Details MLS# 26-608

Listing Information

Listing Association Name: Tillamook County BOR
Property Sub Type: Quadruplex

Status Change Information

Status Change Timestamp: 2026-03-15

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

Contract

Begin Date: 2026-03-15
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Permissible for Vacation Rental: Unknown

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: Yes
Number of Units: 4

More Information

Interior

Bedrooms Total: 8
Bathrooms Total: 4
Bathrooms Full: 4
Above Grade Finished Area: 3572
Living Area: 3572
Living Area Source: Assessor
Main Floor Living: Yes
Basement YN: No
Fireplace YN: No

Parking Information

Parking Total: 8

Building

Year Built: 1978
Year Built Source: Assessor
Stories Total: 2
Accessibility Features YN: No

Lot

Lot Size Acres: 0.43
Lot Size Square Feet: 18730.8
Pool Private YN: No
Water Body Access YN: No

Building and Property Details

Washer/Dryer Type: Electric

Meter Information

Number Of Separate Electric Meters: 4
Number Of Separate Water Meters: 4

Unit Details

Number Of Units Leased: 4

Unit Four

Unit Number: 4
Occupied: Yes
Living Area: 893
Furnished: Unfurnished
Parking Spaces: 2

Unit One

Unit Number: Yes
Occupied: Yes
Living Area: 893
Furnished: Unfurnished
Parking Spaces: 2

Unit Three

Unit Number: 3
Occupied: Yes
Living Area: 893
Furnished: Unfurnished
Parking Spaces: 2

Unit Two

Unit Number: 2
Occupied: Yes
Living Area: 893
Furnished: Unfurnished
Parking Spaces: 2

Additional Tax and Location Information

Highway 101: East Side

Currently Not Used

Accessory Dwelling Unit YN: No

Tax & Legal

CC&R's: No

Association/Community

Senior Community YN: No

Utilities

Electricity Connected: Yes
Phone Available: Yes
Separate Meters: Yes
Sewer Connected: Yes
Water Connected: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Electric Range: Yes
Refrigerator: Yes
Washer: Yes

Architectural Style

Traditional: Yes

Construction Materials

Wood Siding: Yes

Cooling

None: Yes

Fencing

None: Yes

Flooring

Vinyl: Yes

Foundation Details

Concrete Perimeter: Yes

Heating

Electric: Yes
Wall Furnace: Yes
Zoned: Yes

Interior Features

Storage: Yes

Levels

Two: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Lot Features

Level: Yes

Other Equipment

None: Yes

Other Structures

None: Yes

Outdoor Living Spaces Features

Covered Patio: Yes
Deck: Yes

Parking Features

Off Street: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Paved: Yes

Roof

Composition: Yes

Sewer

Septic Tank: Yes

Special Listing Conditions

Standard: Yes

View

Mountain(s): Yes
Other: Yes

Water Body View

No: Yes

Water Source

Public: Yes

Window Features

Double Pane Windows: Yes
Vinyl Frames: Yes

Owner Pays

Trash Collection: Yes
Water: Yes

Tenant Pays

Electricity: Yes
Internet: Yes

Unit Four Features

Dishwasher: Yes
Range/Oven: Yes
Refrigerator: Yes
Washer: Yes

Unit One Features

Dishwasher: Yes
Range/Oven: Yes
Refrigerator: Yes
Washer: Yes

Unit Three Features

Dishwasher: Yes
Range/Oven: Yes
Refrigerator: Yes
Washer: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes

Documents

Lead Based Paint Disclosure: Yes
Property Disclosure: Yes

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 View: Mountain(s); Other 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

Documents

Trio ›

Listing Office: Rob Trost Real Estate - Tillam

Office Phone: 503-842-9092

Office Email: office@robtrost.com

Last Updated: March - 15 - 2026

Information deemed reliable but not guaranteed.