Sold

$500,000

516 Main Ave, Tillamook, OR 97141

4beds

3,600sqft

Multi Family

Built in 1910

-- sqft lot

$496,600 Zestimate^®

$139/sqft

$1,565 Estimated rent

Home value

$496,600

$462,000 - $531,000

$1,565/mo

Zestimate^® history

Owner options

List your home for rent

$1,565/mo

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$1,565/mo

Rent Zestimate^®

Refinance and save

$2,899/mo

Est. payment

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$2,899/mo

Est. payment

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What's special

Welcome to this versatile mixed-use property offering endless possibilities! Currently configured as three separate living spaces, the middle unit has historically been a commercial space, presenting a unique opportunity for your business endeavors. Attached to this unit is a spacious shop, ideal for a variety of commercial or residential uses. The other two units have been successfully rented, with one tenant recently vacating, providing an excellent opportunity to secure a market-value lease. Whether you're looking to invest, start a business, or find a new home, this property's flexible layout can accommodate your vision. Don't miss out on this exceptional opportunity!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Heat Pump

Cooling

Heat Pump

Appliances

Included: Dishwasher, Range, Refrigerator, Washer/Dryer, Electric Water Heater

Features

Basement: Crawl Space,Finished,Full

Interior area

Total structure area: 3,600
Total interior livable area: 3,600 sqft

Property

Parking

Total spaces: 4
Parking features: Attached, Garage
Garage spaces: 3

Features

Stories: 3
Has view: Yes
View description: City

Lot

Size: 5,227 sqft
Features: Corner Lot, Level, SqFt 5000 to 6999

Details

Parcel number: 122600
Zoning: TM-C-C

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

T111 Siding, Vinyl Siding
Foundation: Slab
Roof: Composition,Metal

Condition

Converted
Year built: 1910

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & neighborhood

Location

Region: Tillamook

HOA & financial

Other financial information

Total actual rent: 2390

Other

Other facts

Listing terms: Cash,Conventional,VA Loan
Road surface type: Paved

Price history

Date	Event	Price
8/23/2024	Sold	$500,000-9.1%$139/sqft
Source: RMLS (OR) #24288442 Report a problem
6/10/2024	Pending sale	$550,000$153/sqft
Source: Tillamook County BOR #24-320 Report a problem
5/30/2024	Listed for sale	$550,000+189.5%$153/sqft
Source: Tillamook County BOR #24-301 Report a problem
12/16/2015	Sold	$190,000$53/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,458 +0.9%	$207,770 +3%
2023	$2,435 +3.5%	$201,720 +3%
2022	$2,352 +3%	$195,850 +3%
2021	$2,283 +2.8%	$190,150 +3%
2020	$2,221 +2.6%	$184,620 +3%
2019	$2,164 +2.6%	$179,250 +3%
2018	$2,109	$174,030 +3%
2017	$2,109 +6.2%	$168,970 +2.7%
2016	$1,985	$164,580 -1.4%
2015	$1,985 -2.2%	$166,840 +0.6%
2014	$2,030	$165,780