5514 3RD St, Tillamook, OR 97141

• 3,572 sqft

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.

Listing Status:

Active

Date Added:

March 15, 2026

Data Last Updated:

May 14, 2026 at 4:42PM

Listing Office:

Rob Trost Real Estate LLC : 503-842-9090

Listing Agent:

Jennifer Strohmaier : 503-812-6078

MLS ID:

677123962

Interior

• Basement: Crawl space
• A/C: None
• Heating: Wall furnaceZoned

Exterior

• General: Vinyl siding
• Parking: Off streetPavedParking spaces: 8

Construction

• Roofing: Composition
• General: Concrete perimeter

Location

• Road/Access: Paved
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Tillamook

Lot

• Zoning: TM-R01S0928BD00204149547
• View: View

Utilities

• Water: Public water
• Sewer: Septic tankStandard septic

Financial

• Source: Regional Multiple Listing ServiceInc.