1. Oregon
  2. Tillamook
  3. 1010 IVY Ave
$925,000

1010 IVY Ave, Tillamook, OR 97141

  • 7,098 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1938
  • Property Lot Size Icon0.3acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $130/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

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.

Listing Status:
Active
Date Added:
August 8, 2025 at 05:00AM
Listing Office:
RealtyNET, LLC : 503-300-6330
Listing Agent:
Greg Messick : 503-300-6330
MLS ID:
624308093
  • Basement: None
  • A/C: None
  • Heating: Wall heater
  • General: Wood siding
  • Parking: Off streetParking spaces: 12
  • Roofing: Composition
  • General: Other
  • Road/Access: Gravel
  • Golf: Laundry
  • Originating MLS: Regional Multiple Listing ServiceInc.
  • County: Tillamook
  • Zoning: ResSUBD NAME: DREW'S ADDITION BLK NO: 1 LOT NO: 10; 8; 9126713
  • Water: Public water
  • Sewer: Public sewer
  • Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Greg Messick, RealtyNET, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

South Prairie Elementary School

6855 S Prairie Rd, Tillamook, OR, 97141

Grades 2-3

3.30 miles away

T

Tillamook Junior High School

3906 Alder Ln, Tillamook, OR, 97141

Grades 7-8

1.27 miles away

T

Tillamook High School

2605 12th St, Tillamook, OR, 97141

Grades 9-12

0.47 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.