1007 5th St

Tillamook, OR 97141

$2,250,000
Last Sold Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Sold 9/16/14
Sold 9/16/14

Description

Excellent investment opportunity with this 62 unit 4-building complex that is in good condition, has been well-maintained, has full tenancy, waiting list, reliable management and maintenance staff on site, 6.80 CAP rate, and seller would prefer to provide financing with 50% down at 6% amortized over 20 years with or without balloon. Full financial pkg available for review.Excellent investment opportunity with this 62 unit 4-building complex that is in good condition, has been well-maintained, has full tenancy, waiting list, reliable management and maintenance staff on site, 6.80 CAP rate, and seller would prefer to provide financing with 50% down at 6% amortized over 20 years with or without balloon. Full financial pkg available for review.
  1. Listed by Juli Gun • Berkshire Hathaway HomeServices NW Real Estate
LISTING UPDATED: 09/27/2014 02:33 PM

Property Details for 1007 5th Street

StatusSold
MLS #13186553
Days on Market214
Taxes$12,734 / year
HOA Fees-
Condo/Co-op Fees-
Property Type-
MLS TypeSale / Commercial / MISCELLANEOUS
Year Built1972
Lot Size-
CountyTillamook County
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Location

Listing Courtesy of Berkshire Hathaway HomeServices NW Real Estate

Sold By Berkshire Hathaway HomeServices NW Real Estate

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Building Information for 1007 5th Street

Stories2Residences62Year Built1972Lot Size-

Payment Calculator

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$12,273 per month

30 year fixed, 6.36% Interest

Principal and Interest

$11,212

Property Taxes

$1,061

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1007 5th Street

Summary
Location and General Information
  • Area: Tillamook County
  • Country: US
  • Directions: See attached map. DO NOT disturb tenants. Showing with accepted offer only.
Parking
  • Garage Or Parking Spaces: 62
  • Parking Description: Assigned, Paved
Taxes and HOA Information
  • CC and R Y/N: No
  • FIRPTA Y/N: No
Virtual Tour
  • Video Virtual Tour 1 Y/N: No
Property
Lot Information
  • Lot Description: Level
  • Zoning: TM-R7
Property and Assessments
  • Water Description: Public
Utilities
  • Fuel Description: Electricity
  • Heating Description: Zoned
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: T-111 Siding
  • Roof Type: Composition
Interior Features
  • Basement Foundation: Slab
  • View Y/N: No
Multi Family
Multi-Family Information
  • Common Amenities: Laundry
  • Gross Income Actual: $400,884
  • Gross Rent Multiplier: 6
  • Investor Information: According to Accountant, Profit & Loss Statement, Rent Records, Tax Returns Available
  • Net Income Actual: $190,018
  • Operating Expenses Actual: $210,866
  • SqFt Approximate Building Total: 48040
  • Unit Features: Range, Refrigerator
  • Unit Type Type: 1, 2, 3, 4
Unit 1
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Features: Range, Refrigerator
  • Unit Type 1 Rent: $695
  • Unit Type 1 SqFt: 1100.0
  • Unit Type 1 Units Total: 8
Unit 2
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Range, Refrigerator
  • Unit Type 2 Rent: $625
  • Unit Type 2 SqFt: 940.0
  • Unit Type 2 Units Total: 26
Unit 3
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Features: Range
  • Unit Type 3 Rent: $600
  • Unit Type 3 SqFt: 576.0
  • Unit Type 3 Units Total: 13
Unit 4
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Beds Total: 0
  • Unit Type 4 Rent: $550
  • Unit Type 4 SqFt: 450
  • Unit Type 4 UnitsTotal: 15

Property History for 1007 5th Street

DateEvent & SourcePriceAppreciation
Jul 7, 2014

Sold (Public Record)

Public Record #434717326

$2,250,000—
DateEvent & SourcePrice
07/07/2014

Sold (Public Record)

Public Record #434717326

$2,250,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1007 5th Street

Taxable ValueLand$105,340Additions$300,350Total$405,690
Tax Record2025$5,145 ($429 / month)
Home Facts
Total Finished SqFt21,144 SqFtAbove Grade Finished SqFt21,144 SqFtLot Size56,628 SqFtStyleMiscellaneous CommercialYear Built1972ZoningTM-R-7.5CountyTILLAMOOKAPN1S1025-DB-11800

Schools near 1007 5th Street

This home is within Tillamook School District 9.
Rating
School
Type
Grades
Distance
Liberty Elementary School
Public - K to 1
Tillamook Junior High School
Public - 7 to 8
Tillamook High School
Public - 9 to 12
East Elementary School
Public - 4 to 6
Rating
School
Distance
Liberty Elementary School
PublicK to 1

Tillamook Junior High School
Public7 to 8

Tillamook High School
Public9 to 12

East Elementary School
Public4 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices NW Real Estate

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 09/27/2014 02:33 PM