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.
Closed
$610,000
903 Madrona Ave, Tillamook, OR 97141
7beds
4,084sqft
Quadruplex
Built in 1972
-- sqft lot
$608,600 Zestimate®
$149/sqft
$1,672 Estimated rent
Home value
$608,600
$463,000 - $803,000
$1,672/mo
Zestimate® history
Owner options
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$1,672/mo
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$1,672/mo
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$3,545/mo
Est. payment
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$3,545/mo
Est. payment
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List your homeWhat's special
Dedicated on-site laundry roomAmple off-street parkingKitchens with dining nooksLarge bedroomsNew siding
Zillow last checked:
Listing updated:
Listed by:
Coley Trost 503-812-0791,
Rob Trost Real Estate, LLC
Bought with:
Shae Lambert, 201112085
CENTURY 21 Shorepine Properties
Source: OCMLS,MLS#: 26-701
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 sqft
- 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 & neighborhood
Location
- Region: Tillamook
- Subdivision: Thayer Addition
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
- 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 |
|---|---|---|
| 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 |
Find assessor info on the county website
Neighborhood: 97141
Nearby schools
GreatSchools rating
- NALiberty Elementary SchoolGrades: K-1Distance: 0.3 mi
- 6/10Tillamook Junior High SchoolGrades: 7-8Distance: 1 mi
- 6/10Tillamook High SchoolGrades: 9-12Distance: 0.3 mi
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- Oregon
- Tillamook County
- Tillamook
- 97141
- 903 Madrona Ave
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