5514 3rd St

Tillamook, OR 97141

$689,000
Price
—
Beds
—
Baths
3,572 Sq. Ft.
$193 / Sq. Ft.
3,572
Sq. Ft.
$193
per Sq. Ft.
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a view of outdoor space yard and patio
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a view of a city with a lake
a view of a city with mountains in the background
a kitchen with stainless steel appliances granite countertop a sink stove and refrigerator
a room with storage and utility
a view of an empty room with wooden floor and a window
a view of a room with wooden floor and a window
an empty room with wooden floor and windows
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor
an empty room with wooden floor and windows
a bathroom with a toilet a sink a mirror and a shower
a view of an empty room
a view of an empty room with wooden floor
an empty room with wooden floor and windows
a bathroom with a sink and mirror
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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...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.
  1. Listed by Jennifer Strohmaier • Rob Trost Real Estate LLC
  2. Listed by Debbie Carr • Rob Trost Real Estate LLC

Property Details for 5514 3rd Street

Parking Features
Off Street, Paved
Zoning
TM-R0
View
Mountain
Parking Total
8.00
LISTING UPDATED: 03/15/2026 12:13 PM

Property Details for 5514 3rd Street

StatusActive
MLS #677123962
Days on Market12
Taxes$3,353 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1978
Lot Size0.43 AC / 18,730 SF
CountyTillamook County
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Location

Listing Courtesy of Rob Trost Real Estate LLC
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Building Information for 5514 3rd Street

Stories2Residences4Year Built1978Building Size-Lot Size0.43 AC / 18,730 SF

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$3,623 per month

30 year fixed, 6.11% Interest

Principal and Interest

$3,344

Property Taxes

$279

HOA Dues

$0

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Property Information for 5514 3rd Street

Summary
Location and General Information
  • Country: US
  • Directions: From Tillamook, East on Hwy 6, right on Olsen Road, right on 3rd Street, 4-plex on the right.
  • Road Surface: Paved
School Information
  • Elementary School: South Prairie
  • Elementary School 2: East
  • High School: Tillamook
  • Middle Or Junior School: Tillamook
Taxes and HOA
  • Management Name: Owner
  • Tax Year: 2025
  • Tax Annual Amount: $3,353.26
  • Parcel Number: 149547
  • Tax Legal Description: 1S0928BD00204
Property
Lot Information
  • Acres: 0.43
  • Lot Description: Level
  • Lot Size Square Feet: 18730.0
  • Lot Size Range: Sq Ft15000to19999
  • Lot Size: 15,000 to 19,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1978
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Wall Furnace, Zoned
  • Hot Water Description: Electricity
  • Sewer Description: Septic Tank, Standard Septic
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Amenities
Amenities Information
  • Internet Service Type: Cable, Satellite
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $43,800.00
  • Gross Rent Multiplier: $15.73
  • Investor Information: According To Owner, Annual Property Operation Data
  • Net Income Actual: $31,920.00
  • Operating Expense: $8,393.00
  • Storage: None
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • SqFt Approximate Building Total: 3572
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 1 Rent: $950
  • Unit Type 1 SqFt: 893.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Rent: $800
  • Unit Type 2 SqFt: 893.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 3 Rent: $950
  • Unit Type 3 SqFt: 893.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 4 Rent: $950
  • Unit Type 4 SqFt: 893
  • Unit Type 4 UnitsTotal: 1

Public Records for 5514 3rd Street

Taxable ValueLand$83,750Additions$235,440Total$319,190
Tax Record2025$3,353 ($279 / month)
Home Facts
Baths4Total Finished SqFt3,572 SqFtAbove Grade Finished SqFt3,572 SqFtLot Size18,731 SqFtStyleQuadraplexYear Built1978ZoningTM-R-0CountyTILLAMOOKAPN1S0928-BD-00204

Schools near 5514 3rd Street

This home is within Tillamook School District 9.
Rating
School
Type
Grades
Distance
South Prairie Elementary School
Public - 2 to 3
Tillamook Junior High School
Public - 7 to 8
Tillamook High School
Public - 9 to 12
Liberty Elementary School
Public - K to 1
Rating
School
Distance
South Prairie Elementary School
Public2 to 3

Tillamook Junior High School
Public7 to 8

Tillamook High School
Public9 to 12

Liberty Elementary School
PublicK to 1

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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More information about 5514 3rd Street, Tillamook, OR 97141

5514 3rd Street is a multi-family home for sale in Tillamook, OR 97141. This property was listed for sale on March 15, 2026 by Rob Trost Real Estate LLC, it's currently listed at $689,000. This listing's school district is Tillamook School District 9. Nearby schools include South Prairie Elementary School, Tillamook Junior High School and Tillamook High School. 5514 3rd Street is a 0-bed, 0-bath, 3,572 sqft multi-family home built in 1978.

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 Rob Trost Real Estate LLC

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: 03/15/2026 12:13 PM