5514 3rd St
Tillamook, OR 97141
Fairview
8 Beds
4 Baths
3,572 sqft (on 0.43 acres)
8 Beds
4 Baths
3,572 sqft
(on 0.43 acres)
Local Information
- Map ViewExplore the area around 5514 3rd St.
- Schools3 Elementary Schools1 Middle School1 High School
- Shop & Eat
-- mins to
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.
Home Highlights
Parking
8 Parking Spaces
Outdoor
Patio, Deck
A/C
Heating only
HOA
None
Price/Sqft
$193
Listed
115 days ago
Home Details for 5514 3rd St
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MLS Status: Active |
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Beds & Baths Number of Bedrooms: 8Number of Bathrooms: 4Number of Bathrooms (full): 4 |
Dimensions and Layout Living Area: 3572 Square Feet |
Appliances & Utilities Utilities: Electricity Connected, Sewer Connected, Water Connected, Phone Available, Separate MetersAppliances: Dryer, Dishwasher, Electric Range, Refrigerator, WasherDishwasherDryerRefrigeratorWasher |
Heating & Cooling Heating: Electric,Wall Furnace,ZonedNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Electric |
Fireplace & Spa No Fireplace |
Gas & Electric Has Electric on Property |
Windows, Doors, Floors & Walls Window: Double Pane Windows, Vinyl FramesFlooring: Vinyl |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoFloors: Vinyl |
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Exterior Home Features Roof: CompositionPatio / Porch: Covered Patio, DeckFencing: NoneOther Structures: NoneFoundation: Concrete PerimeterNo Private Pool |
Parking & Garage No CarportNo GarageNo Attached GarageParking Spaces: 8Parking: Off Street |
Frontage Road Frontage: City StreetRoad Surface Type: PavedNot on Waterfront |
Water & Sewer Sewer: Septic Tank |
Finished Area Finished Area (above surface): 3572 Square Feet |
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Days on Market: 115 |
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Year Built Year Built: 1978 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: QuadruplexArchitecture: Traditional |
Building Construction Materials: Wood SidingNot a New ConstructionNo Additional ParcelsDoes Not Include Home Warranty |
Property Information Parcel Number: 149547 |
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Price List Price: $689,000Price Per Sqft: $193 |
Status Change & Dates Possession Timing: Close Of Escrow |
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Direction & Address City: TillamookCommunity: None |
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Listing Agent Listing ID: 26-608 |
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Building Area Building Area: 3572 Square Feet |
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Not Senior Community |
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No HOA |
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Lot Area: 0.43 acres |
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Special Conditions: Standard |
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Listing Terms: 1031 Exchange, Cash, Conventional |
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Expense Tenant Pays: Electricity, Internet |
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Owner Pays: Trash Collection, Water |
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Mls Number: 26-608Above Grade Unfinished Area: 3572 |
Last check for updates: about 15 hours ago
Listing courtesy of Jennifer N Strohmaier, (503) 812-6078
Rob Trost Real Estate - Tillam
Debbie S Carr, (503) 812-8728
Rob Trost Real Estate - Tillam
Market trends in Tillamook
Last updated May 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
111
9MoM
Price History for 5514 3rd St
| Date | Price | Event | Source |
|---|---|---|---|
| 03/15/2026 | $689,000 | Listed For Sale | OCMLS #26-608 |
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Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $3,177 |
| Assessment | $587,798 |
Home facts updated by county records
Comparable Sales for 5514 3rd St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.13 | Multi-Family Home | $515,000 | 06/22/26 | 4 | 4 | 2,304 | |
0.12 | Multi-Family Home | $515,000 | 06/22/26 | 4 | 3 | 2,304 | |
1.60 | Multi-Family Home | $353,000 | 01/30/26 | 4 | 2 | 1,560 | |
2.33 | Multi-Family Home | $610,000 | 05/04/26 | 7 | 4 | 4,084 |
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Assigned Schools
These are the assigned schools for 5514 3rd St.
- East Elementary School
- 4-6
- Public
- 445 Students
4/10GreatSchools RatingParent Rating AverageYou have to take the bad with the good in life. East is full of dedicated staff and teachers. Schools have intense pressures to meet & maintain federal, state, local, and community standards and needs with a continuously shrinking budget. With those restrictions in mind I give East Elementary full star rating.Parent Review12y ago - Liberty Elementary School
- K-1
- Public
- 235 Students
NAGreatSchools RatingParent Rating AverageExcellent and informative and very helpful.wish they went beyond 1st grade.Parent Review8y ago - South Prairie Elementary School
- 2-3
- Public
- 287 Students
5/10GreatSchools RatingParent Rating AverageI was in 3 grade's in South prairie, (1st, 2nd, 3rd) for me the teachers were great! The PE teacher i had was a girl and she sent me to the office for no reason (all I was doing was talking to my cousin about her b-day party she wanted me to go to and the PE teacher sent me to the office.)Other Review9mo ago - Tillamook Junior High School
- 7-8
- Public
- 318 Students
6/10GreatSchools RatingParent Rating AverageVery little excitement when learning, very boring, and very little family and school events.Student Review2y ago - Tillamook High School
- 9-12
- Public
- 729 Students
6/10GreatSchools RatingParent Rating AverageI'm currently a 7th grade student at the Tillamook Junior high, some of the other 7th graders are mean and the 8th graders are REALLY nice! The teachers are mean sometimes but they are nice to me! So far I've been loving this school and I can't wait for 8th grade! For me this school is a 4/5.Student Review9mo ago 
Check out schools near 5514 3rd St.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Jennifer N Strohmaier, Rob Trost Real Estate - Tillam
Agent Phone: (503) 812-6078
The content relating to real estate for sale on this web site comes in part from the IDX program of the Oregon Coast Multiple Listing Service (OCMLS). Listing content is copyrighted. Listing data provided is AS IS. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Real estate listings held by member brokerage firms, other than Zillow, Inc., of the OCMLS are marked with the OCMLS logo. Detailed information about these properties includes the names of the member listing brokers and brokerage firms.