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13-Unit Apartment Property
For Sale
$799,999

2214 5th Street, Tillamook, OR 97141

Two-building multifamily asset with one- and two-bedroom residences near downtown employers, retail, dining, and services.

Property Size11,444 SF
Lot Size0.25 Acres
Price / SF$69.91
Days on Market78

Property Features for 2214 5th Street

General Information

Standard status Active
Size 11,444 SF
Lot size 0.25 Acres
Property subtype MF, MF-MID
Zoning TM-C-C

Units

Unit Mix 9 x 1BR, 4 x 2BR
Multifamily Units 13

Building Details

Building Size 11,444 SF
Year Built 1970
Buildings 2
Stories 3
Units 13
Listing Agency: KW Commercial Portland Premiere
Listed By: Cameron Schwab · License #201220872
Source: Realnex
Added: Jun 15 Changed: Aug 30 Last Checked: Aug 30 at 2:12PM

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 KW Commercial Portland Premiere

Investment Insights

Based on property information with market context.

This multifamily property comprises two buildings with 13 apartments across approximately 11,444 square feet on approximately 0.25 acres. The unit mix includes nine one-bedroom apartments and four two-bedroom apartments, with average unit sizes of approximately 594 square feet. The property is zoned TM-C-C.

Located at 2214 5th Street in Tillamook, the asset sits near downtown employers, shopping, restaurants, and services. Pacific Avenue, Nestucca Avenue, and other primary corridors are nearby, with those traffic routes carrying over 5,000 vehicles per day. The setting also provides access to employment centers, retail amenities, and coastal recreation destinations.

The residential configuration combines compact one-bedroom units with larger two-bedroom units, offering a range of apartment layouts within a centrally located Tillamook property.

Key Highlights

  • 13 apartments across two buildings
  • Approximately 11,444 square feet on approximately 0.25 acres
  • Unit mix includes nine 1‑bedroom and four 2‑bedroom apartments

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Hair Salon Nail Salon Home Appliance Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13
Residential units

Location Intelligence

Trade Area within ½ mile

82
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-building multifamily asset with one- and two-bedroom residences near downtown employers, retail, dining, and services.
Where is this apartment building located?
The property is located at 2214 5th Street Tillamook, OR.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: 13 apartments across two buildings; Approximately 11,444 square feet on approximately 0.25 acres; Unit mix includes nine 1‑bedroom and four 2‑bedroom apartments
More about this property
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