1010 Ivy Ave, Tillamook, OR

$925,000

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7,098

Square feet

0.30

Acres

About 1010 Ivy Ave

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.

Features of 1010 Ivy Ave

MLS® # 624308093
Price $925,000
Bathrooms 0.00
Square Footage 7,098
Acres 0.30
Year Built 1938
Type Multi Family
Status Active

Community Information

Address 1010 Ivy Ave
Area 195 - Tillamook County
City Tillamook
County Tillamook
State OR
Zip Code 97141

Amenities

Parking Spaces 12
Parking Off Street
Is Waterfront No
Has Pool No

Interior

Heating Wall Heater
Cooling None
Fireplace No
# of Stories 1
Has Basement No
Basement None

Exterior

Exterior Wood Siding
Lot Description Level
Roof Composition
Foundation Other

School Information

Elementary South Prairie
Middle Tillamook
High Tillamook

Additional Information

Date Listed August 8th, 2025
Days on Market 66
Zoning Res
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRealtyNET, LLC

Listing Map

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