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1110/1120 Meadow Ave, Tillamook, OR, 97141

4beds
2baths
8,198sqft
$1,250,000
$152price/sqft
$8,016/moest. monthly cost
$320,640/yrincome needed

About This Home

Rare Investment Opportunity! Two well-maintained 4-plexes on adjacent tax lots totaling 1.13 acres, sold together as a package. Fully occupied with long-term tenants and room for upside as rents remain below market. Each unit is separately metered and served by public water and sewer. Excellent ''end-of-the-road'' location backing East Elementary offering privacy and a wooded setting tenants love. Seven, one-level, 2BD/1BA units and one larger 3BD/2BA unit with 2BD/1BA on main level and primary suite upstairs with deck. Detached 1,153 sq ft three-bay shop, paved parking. Solid roofs, siding, paint, and vinyl windows. Ample parking. A local favorite with consistent, reliable income and strong rental history. A solid investment with terrific upside potential.

Getting Around

10
WalkingCar-Dependent
0
TransitVery Limited Transit
43
BikeSomewhat Bikeable

Schools

3/10
East Elementary SchoolGrades 4-60.2 mi
6/10
6/10
Tillamook High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1972

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Quadruplex

Interior

Appliances

  • Appliances included: Dishwasher,Refrigerator

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 9

Features

  • Window features: Vinyl Frames
  • Flooring: Carpet,Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 8,198

Heating & Cooling

  • Heating features: Electric
  • Cooling features: None

Interior Area

  • Total structure area: 8,198
  • Total interior livable area: 8,198 sqft

Property

Details

  • Parcel number: 00703
  • Zoning description: R7.5

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Lighting
  • Fencing: Partial
  • Has view: Yes
  • View description: Other

Lot

  • Lot size: 1.13 Acres
  • Features: Level

Parking

  • Total spaces: 16
  • Parking features: Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3