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2214 5th St, Tillamook, OR 97141

$799,999

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Property Description

Rare opportunity to acquire a 13-unit multifamily investment in the heart of downtown Tillamook. This two-building property features a desirable unit mix of nine 1-bedroom and four 2-bedroom apartments with significant value-add potential through lease-up, operational improvements, and continued rent growth. Ideally located within walking distance of downtown shopping, restaurants, and major employers, with convenient access to Highway 101 and the Oregon Coast. A compelling opportunity to invest in one of Oregon's strongest coastal workforce housing markets.

2214 5th St | MLS# 533838263

This multi-family property located at 2214 5th St, Tillamook, OR 97141 is currently listed for sale with an asking price of $799,999. Search Tillamook real estate on www.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Fuel Type: Electricity
Heating: WallHeater
Roof Type: Composition
Stories: 3.0
Taxes: $4,026
Year Built: 1935
Square Feet: 11,444

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Rent: $950.00
Square Footage: 800
Total Units: 3
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Rent: $850.00
Square Footage: 700
Total Units: 2
Unit Type 3:
Bathroom(s): 1
Bedrooms: 1
Rent: $800.00
Square Footage: 700
Total Units: 3
Unit Type 4:
Bathroom(s): 1
Bedrooms: 1
Rent: $715.00
Square Footage: 700
Total Units: 1
Unit Type 5:
Bathroom(s): 1
Bedrooms: 2
Square Footage: 800
Total Units: 1
Unit Type 6:
Bathroom(s): 1
Bedrooms: 1
Square Footage: 700
Total Units: 3

Feature Descriptions

Days on Site: 20
Exterior: T-111 Siding
Gross Income: $109091.00 (Actual)
Hot Water: Electricity
Net Income: $68794.00 (Actual)
Operating Expenses: $40297.00 (Actual)
Sewer: Public Sewer
Units: 13
Water: Public Water

Local Schools

High School: Tillamook
Middle School: Tillamook
Elementary School: Liberty

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty Portland Premiere
Agency Contact: 503-505-8065

Shown By

Agency Title: Bend Premier Real Estate
Agency Phone: 541-323-2779

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Estimate Your Payment

Estimated Payment

$ 4,614.07 per month $4,045.24 Principal & Interest $335.50 Property Tax $233.33 Homeowner's Insurance

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