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Listing provided courtesy of Rob Trost Real Estate LLC- MLS# 218336059MLS Provider

1110/1120 MEADOW AVETillamook, OR 97141

Multi-Family · 8,198 Sq. ft. | 1.13 Acres
$1,250,000 Active

1110/1120 MEADOW AVE Overview

Time on Site:
265 days
Visits:
4

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.

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1110/1120 MEADOW AVE Facts & Features

  • Type Multi-Family
  • Sq. ft. 8,198
  • Price/Sq.ft. $152
  • Lot 1.13 Acres

Details

General

School Information

  • Elementary School: East
  • Middle Or Junior School: Tillamook
  • High School: Tillamook

Income/Expenses

  • Gross Income: 100620.0
  • Net Operating Income: 70500.0
  • Operating Expense: 30120.0

Building Information

  • Year Built: 1972

Location/Region

  • Country: US
  • County Or Parish: Tillamook
  • MLS Area Major: 195 - Tillamook County

Rent/Lease Information

  • Rent Includes: Maintenance Grounds,Sewer,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 10952.69
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 106334
  • Property Condition: Existing
  • Property Type: Multi Family
  • Zoning: TMR7.5

Interior

Parking Information

  • Garage Spaces: 3.0

Building Interior

  • Building Area Total: 8198.0

General Information

  • Basement: None
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard,Wall Heater
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Driveway,Paved
  • Parking Total: 16.0

Lot Information

  • Lot Features: Flag Lot,Level,Private
  • Lot Size Acres: 1.13
  • Lot Size Square Feet: 49222.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition,Shingle

General Information

  • Number Of Units Total: 2
  • Sewer: Public Sewer

1110/1120 MEADOW AVE Neighborhood

Community

97141 (Tillamook) Demographics

42
Median Age
57
Population Density (per sq. mile)
29%
College Educated
$54,424
Estimated Median Income
3,275
Estimated Total Home Owners
2,020
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1110/1120 MEADOW AVE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1110/1120 MEADOW AVE Market Data

Based on the last 30 days in this zip code

$570,935
Average List Price
$297
Average Price per Square Foot
10
Properties Sold
123
Average Days on Market
148
Properties for Sale
Calculations provided by Reliance Network

1110/1120 MEADOW AVE History

Date Event Value Agent
10/7/2025Source: Regional MLS Added to Database
October 07, 2025