Closed

$610,000

903 Madrona Ave, Tillamook, OR 97141

7beds

4,084sqft

Quadruplex

Built in 1972

-- sqft lot

$604,300 Zestimate^®

$149/sqft

$2,559 Estimated rent

Home value

$604,300

$483,000 - $755,000

$2,559/mo

Zestimate^® history

Owner options

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$2,559/mo

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$2,559/mo

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$3,656/mo

Est. payment

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$3,656/mo

Est. payment

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What's special

Dedicated on-site laundry roomAmple off-street parkingKitchens with dining nooksLarge bedroomsNew siding

Well-maintained quadplex located in the heart of Tillamook offering strong income potential. The property consists of three 2 bedroom, 1 bathroom units and one, 1 bedroom, 1 bathroom unit. The uniformity of the floor plans allows for simplified maintenance and ease of management. The layouts are highly functional, featuring large bedrooms, good sized living rooms and kitchens with dining nooks. Ample off-street parking, a dedicated on-site laundry room and a central Tillamook location near local schools and everyday amenities enhance tenant livability. The entire property has been consistently rented for years, showing steadily improving financial performance and well-documented books dating back to 2019. New siding and roof added in 2025, reducing long-term maintenance costs. This property is well positioned for long-term rental stability—Ideal for investors or owner occupants seeking a dependable income-producing asset on the Oregon Coast.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 4
Full bathrooms: 4

Heating

Electric

Cooling

None

Appliances

Included: Dryer, Refrigerator, Washer, Built-In Electric Oven
Laundry: Common Area

Features

Entrance Foyer, Vaulted Ceiling(s)
Flooring: Carpet, Laminate, Vinyl
Windows: Double Pane Windows, Vinyl Frames
Has basement: No

Interior area

Total structure area: 4,084
Total interior livable area: 4,084 sqft
Finished area above ground: 4,084
Finished area below ground: 0

Property

Parking

Total spaces: 8
Parking features: Off Street

Features

Patio & porch: Covered Patio
Has view: Yes
View description: Other

Lot

Size: 5,662 Square Feet
Features: Cleared, Corner Lot, Level

Details

Parcel number: 05800
Zoning description: R-5 Residential
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Quadruplex

Materials

Fiber Cement
Foundation: Concrete Perimeter, Slab
Roof: Composition

Condition

New construction: No
Year built: 1972

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: Thayer Addition

HOA

Has HOA: No

Location

Region: Tillamook

Financial & listing details

Price per square foot: $149/sqft
Tax assessed value: $670,710
Annual tax amount: $3,918
Date on market: 3/23/2026
Listing terms: 1031 Exchange,Cash,Conventional
Tenant pays: Electricity, Internet
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
5/4/2026	Sold	$610,000-2.4%$149/sqft
Source: OCMLS #26-701 Report a problem
3/27/2026	Pending sale	$625,000$153/sqft
Source: OCMLS #26-701 Report a problem
3/23/2026	Listed for sale	$625,000+141.3%$153/sqft
Source: RMLS (OR) #753255451 Report a problem
8/10/2015	Sold	$259,000$63/sqft
Source: OCMLS #TC-14663 Report a problem
7/24/2015	Pending sale	$259,000$63/sqft
Source: Rob Trost Real Estate-Netarts #15-772 Report a problem
7/22/2015	Listed for sale	$259,000$63/sqft
Source: Rob Trost Real Estate-Netarts #15-772 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,122 +5.2%	$340,320 +3%
2024	$3,919 +0.9%	$330,410 +3%
2023	$3,883 +3.5%	$320,790 +3%
2022	$3,750 +3%	$311,450 +3%
2021	$3,640 +2.8%	$302,380 +3%
2020	$3,541 +2.6%	$293,580 +3%
2019	$3,452 +2.6%	$285,030 +3%
2018	$3,363	$276,730 +3%
2017	$3,363 +6.5%	$268,670 +3%
2016	$3,157	$260,850 +3%
2015	$3,157 +2.1%	$253,260 +3%
2014	$3,093 +2.4%	$245,890 +3%
2013	$3,022 +6.7%	$238,730 +3%
2012	$2,833 +2.8%	$231,780 +3%
2011	$2,756 +2.9%	$225,030 +3%
2010	$2,677 +0.7%	$218,480 +3%
2009	$2,660 +2.7%	$212,120 +3%
2008	$2,591 +4.1%	$205,950 +3%
2007	$2,489 +5%	$199,960 +3%
2006	$2,370 +2.2%	$194,140 +3%
2005	$2,318 +2.7%	$188,490 +3%
2004	$2,256	$183,000 +3%
2003	--	$177,670