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2214 5th Street
Tillamook, OR 97141
Asking Price
$800K
Cap Rate
8.85%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 13 Units | $61,538/unit <p><strong>Coastal Multifamily Asset</strong></p><p> 13-unit apartment property in one of Oregon’s recognizable coastal communities</p><p></p><p><strong>Lease-Up Upside</strong></p><p> Pro forma shows NOI increasing from $58,402 to $70,083 as occupancy improves</p><p></p><p><strong>In-Place Income</strong></p><p> 2025 gross rental income of $109,092 with 2025 NOI of $70,788</p><p></p><p><strong>Practical Unit Mix</strong></p><p> One- and two-bedroom units support a broad tenant base</p>
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NOI
$80,000
Cap Rate
10.00%
DSCR
1.68
Strong
Cash-on-Cash
13.54%
Monthly Payment
$3,957.959
Annual Cash Flow
$32,504.497
