1110/1120 Meadow Ave, Tillamook, OR, 97141
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
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Coastal Flooding
- Ice Storm
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters in Tillamook County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,320 | $75,840 |
| Home Insurance * | $308 | $3,696 |
| Property Taxes | $645 | $7,740 |
| Electricity | $743 | $8,927 |
| Total | $8,016 | $96,192 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-10-08 | Listed for sale | $1,250,000 |
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