$925000
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3 Bed
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3 Bath
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7098 SqFt
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7 DOM
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Built: 1938
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Status: Active
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Ivy Avenue Apartments is located in picturesque Tillamook, Oregon. Ivy Avenue Apartments offer a straightforward value-add proposition in a classic single-level layout. The asset is comprised of 12 units in studio, one- and two-bedroom floorplans. Four of the one-bedroom units match floorplans in other units that have been converted to two-bedroom units, allowing for an additional $75 monthly increase. A savvy investor could continue that conversion path to achieve greater rent upside during their ownership. Prospective Buyers to do their own due diligence on feasibility of conversion.Originally constructed in 1938, Ivy Avenue has received light updates over the years, but is still poised for curb appeal and interior improvements to capture tenants seeking higher-quality residential options in a town with exceptionally low vacancy and limited market-rate housing options.
Listing Provided Courtesy of Greg Messick, RealtyNET, LLC
General Information
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624308093
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7 DOM
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3
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0.3 acres
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3
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7098
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1938
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Res
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Tillamook
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126713
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South Prairie
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Tillamook
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Tillamook
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MultiFamily
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SUBD NAME: DREW'S ADDITION BLK NO: 1 LOT NO: 10; 8; 9
Listing Provided Courtesy of Greg Messick, RealtyNET, LLC
PDXA1 Realty Group data last checked: Aug 15, 2025 02:36 | Listing last modified Aug 08, 2025 15:10,
Source:
Residence Information
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7098
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-
-
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3
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-
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3
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Composition
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-
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OffStreet
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1
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1938
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No
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WoodSiding
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None
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-
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None
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Other
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Features and Utilities
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-
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None
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Tank
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WallHeater
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PublicSewer
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Tank
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Electricity
Financial
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3150
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0
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Sewer,TrashCollection,Water
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-
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Cash,Conventional
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08-08-2025
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No
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No
Comparable Information
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7
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7
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Cash,Conventional
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$925,000
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$925,000
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-
Aug 08, 2025 15:10
Schools
Map
Listing courtesy of RealtyNET, LLC.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Aug 15, 2025 02:36 | Listing last modified Aug 08, 2025 15:10.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
— Jagathishp
Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
— Vignesh Chan
Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
— Praveen
Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
— Ramren Garajan
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