Adjacent 4-Plex Investment
For Sale
$1,250,000
1110/1120 Meadow Avenue, Tillamook, OR 97141
Two fully occupied four-plexes on adjacent lots are sold together, with individually metered utilities and a detached shop.
Property Size8,198 SF
Lot Size1.13 Acres
Price / SF$152.48
Days on Market478
Property Features for 1110/1120 Meadow Avenue
General Information
Standard status
Active
Size
8,198 SF
Lot size
1.13 Acres
Property subtype
Multi-family
Occupancy
100%
Additional Details
Utilities to Site
Yes
Multifamily Units
8
Building Details
Year Built
1972
Tenancy
Multi
Listing Agency:
Rob Trost Real Estate LLC
(503) 842-9090
Listed By:
Dustin Trost · License #201234152
(877) 319-7625
Source:
Century21northhomes
Added: May 4, 2025
Changed: Aug 24
Last Checked: Aug 23 at 10:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rob Trost Real Estate LLC
Investment Insights
Based on property information with market context.
This offering includes two well-maintained four-plexes sold together as a package on adjacent tax lots. The property features a total of seven one-level 2BD/1BA units and one larger 3BD/2BA unit, with the primary suite upstairs and a deck. Each unit is separately metered and served by public water and sewer, supporting independent utility billing.
The site includes a detached 1,153 square foot three-bay shop and paved parking. Property improvements noted include solid roofs, siding, paint, and vinyl windows, along with ample on-site parking. The remarks also describe a private, wooded setting backing East Elementary, contributing to the property’s “end-of-the-road” feel.
The combined configuration provides a mix of unit sizes within a consistent four-plex structure, alongside practical accessory space in the detached shop.
The site includes a detached 1,153 square foot three-bay shop and paved parking. Property improvements noted include solid roofs, siding, paint, and vinyl windows, along with ample on-site parking. The remarks also describe a private, wooded setting backing East Elementary, contributing to the property’s “end-of-the-road” feel.
The combined configuration provides a mix of unit sizes within a consistent four-plex structure, alongside practical accessory space in the detached shop.
Key Highlights
- Two 4‑plexes on adjacent tax lots sold together as a package, totaling 1.13 acres
- Fully occupied with long‑term tenants; 7 one‑level 2BD/1BA units plus 1 larger 3BD/2BA unit with primary suite upstairs and deck
- Each unit is separately metered and served by public water and sewer
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Explore this area
Business Placement
Demographics for 97141, OR
13,951
Population
6,367
Households
2.2
Avg Household Size
43
Median Age
22%
College-Educated
90%
High-School Grad
258.9 sq mi
ZIP Area
54
Density / Sq Mi
$66,081
Median Household Income
$36,587
Median Earnings
$1,127
Median Rent
$376,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two fully occupied four-plexes on adjacent lots are sold together, with individually metered utilities and a detached shop.
Where is this quadplex located?
The property is located at 1110/1120 Meadow Avenue Tillamook, OR.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two 4‑plexes on adjacent tax lots sold together as a package, totaling 1.13 acres; Fully occupied with long‑term tenants; 7 one‑level 2BD/1BA units plus 1 larger 3BD/2BA unit with primary suite upstairs and deck; Each unit is separately metered and served by public water and sewer
