Date
Details
Price
Change
Source
3/15/2026
Listed
$689,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/25
$689,000 Just Listed
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1/25
Property 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.
Full Property Details
Full Property Details for 5514 3rd St
General
- Price: $689,000
- Taxes: $3,353 (2025)
- Status: Active
- Type: Multi-Family
- Source: RWMLS
- MLS ID: 677123962
- Updated: 3/15/2026
- Added to Site: 2 day(s) ago
Rental Information
- Rent Includes: Sewer, Trash Collection, Water
Parking
- Total Spaces: 8
- Parking Features: Off Street, Paved
Location
- County: Tillamook
- Driving Directions: From Tillamook, East on Hwy 6, right on Olsen Road, right on 3rd Street, 4-plex on the right.
School Information
- Elem School District: East
- Elementary School: South Prairie
- Middle School: Tillamook
- High School: Tillamook
Community
- Community Name: 195 - Tillamook County
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace, Zoned
- Heating Fuel: Electricity
Utilities
- Sewer: Septic Tank, Standard Septic
- Water: Public Water
Structural Information
- Property Detached: Yes
- Basement Desc.: Crawl Space
- Roof: Composition
- Stories/Levels: 2
- Square Feet: 3,572
- Year Built: 1978
- Property Condition: Existing
Lot Features
- Lot Size (Acres): 0.43
- Lot Size (Sq. Ft.): 18,730
- Lot Size: 15, 000 to 19, 999 SqFt
- Frontage: Paved
- Lot Features: Level
Financial Considerations
- Operating Expenses: $8,393
- Tax Amount: $3,353.26
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: 1S0928BD00204
- Disclosures/Reports: Disclosure
- Property ID: 149547
Listed by Rob Trost Real Estate LLC (503) 842-9090, Jennifer Strohmaier (503) 812-6078 and Rob Trost Real Estate LLC (503) 842-9090, Debbie Carr (503) 812-8728
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Listing agents
— 5514 3rd St —
Jennifer Strohmaier
Rob Trost Real Estate LLC
503-842-9090
Debbie Carr
Rob Trost Real Estate LLC
503-842-9090
NMLS#: 1598647
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Schools
Schools serving 5514 3rd St
School District:Tillamook School District 9
| Name | Grades | Distance |
|---|---|---|
East Elementary School 3905 Alder Lane, Tillamook, OR 97141 | 4-6 | 1.3 mi |
Liberty Elementary School, Tillamook, OR 1700 9th Street, Tillamook, OR 97141 | K-1 | 2.6 mi |
South Prairie Elementary School 6855 South Prairie Road, Tillamook, OR 97141 | 2-3 | 3.7 mi |
Tillamook Junior High School 3906 Alder Lane, Tillamook, OR 97141 | 7-8 | 1.3 mi |
Tillamook High School 2605 12th Street, Tillamook, OR 97141 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5514 3rd St
Tax History
Tax History for 5514 3rd St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,353
6%
$319,190
3%
2024
$3,177
1%
$309,900
3%
2023
$3,158
7%
$300,880
6%
2021
$2,959
-3%
$283,620
-3%
2022
$3,048
3%
$292,120
6%
2021
$2,959
6%
$275,360
3%
2019
$2,799
8%
$267,340
3%
2018
$2,586
6%
$258,600
6%
2017
$2,451
9%
$243,720
8%
2016
$2,254
1%
$226,260
2%
2015
$2,240
4%
$222,380
6%
2014
$2,148
-4%
$209,810
-3%
2013
$2,249
—
$215,470
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5514 3rd St
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Sold by Premiere Property Group, LLC, Andy Shupp
5514 3rd St, Tillamook, OR 97141 (MLS# 677123962) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 5514 3rd St is currently listed for $689,000 and was received on March 15, 2026. Want to learn more about 5514 3rd St? Do you have questions about finding other Multi-Family real estate for sale in Tillamook? You can browse all Tillamook real estate or contact a Coldwell Banker agent to request more information.