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1240 5TH STREET LOOP Tillamook, OR 97141
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Key Details
Sold Price $480,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,550 sqft
Price per Sqft $135
Subdivision Central Netarts
MLS Listing ID 151254129
Sold Date 05/21/25
Year Built 1930
Annual Tax Amount $5,576
Tax Year 2024
Lot Size 0.420 Acres
Property Description
CENTRAL NETARTS OPPORTUNITY: creekfront .42 acres zoned commercial & enjoying view of the ocean from South end. Mostly flat except the creek bank. Multiple lots included. 8 cottages in varying states of disrepair. Tear down & build new or fix them up to rent. Just 100 yds from the beach. Priced for quick sale. Only 1 unit currently occupied and 1 unit in process of eviction. Most are not in condition to occupy but probably 4 could be made rentable with minor work. Also this property consists of 5 "lots of record" so it is possible to divide it up and sell individual parcels.
Location
State OR
County Tillamook
Area _195
Zoning NT C1
Rooms
Basement None
Interior
Heating Baseboard, Wall Heater
Cooling None
Exterior
Waterfront Description Creek
View Bay, Creek Stream, Ocean
Roof Type Shingle
Garage No
Building
Lot Description Level, Ocean Beach One Quarter Mile Or Less, Public Road
Story 1
Foundation None, Slab
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Liberty
Middle Schools Tillamook
High Schools Tillamook
Others
Acceptable Financing Cash, Rehab
Listing Terms Cash, Rehab
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