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5514 3rd, 
Tillamook, OR 97141

$689,000

8

Beds

4

Baths

3,572

Sq Ft

Multi-Family

Active

Listed by

Jennifer N Strohmaier

, 

Debbie S Carr

Rob Trost Real Estate - Tillam

503-842-9092

Last updated:

April 14, 2026, 03:05 PM

MLS#

26-608

Source:

OR LCBR

About This Home

5514 3rd

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 Facts

Multi-Family

4 Baths

8 Bedrooms

Built in 1978

Price Summary

689,000

$192 per Sq. Ft.

MLS #:

26-608

Last Updated:

April 14, 2026, 03:05 PM

Added:

a month ago

Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Structure

Structure

Architectural Style:

Traditional

Building Area:

3,572 Sq. Ft.

Year Built:

1978

Lot

Lot Size (Sq. Ft):

18,730

Finances & Disclosures

Finances

Price:

$689,000

Price per Sq. Ft:

$192 per Sq. Ft.

Source:OR LCBR
The information being provided by Lincoln County Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Lincoln County Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.