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Listed by eXp Realty LLC
$900,000
Est. payment /mo
3,216 SqFt
Price Dropped by $35K
461 S DOWNING ST Seaside, OR 97138
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,216 sqft
Price per Sqft $279
MLS Listing ID 360988267
HOA Y/N No
Year Built 1968
Annual Tax Amount $6,661
Tax Year 2025
Lot Size 4,791 Sqft
Property Description
Well-maintained 4-plex investment property in the heart of Seaside on a level 50' x 100' lot, just 3 blocks to the beach and 2 blocks to the Necanicum River. Strong rental history with excellent occupancy, including 3 established long-term occupants and 1 newer occupant for income potential. Recent improvements include a full Unit 4 renovation (2025), Unit 1 renovation (2021), Unit 3 renovation (2019), new exterior doors (2024), and new windows in 3 units (2024). Unit 2 offers upside potential with original finishes. Excellent opportunity for a 1031 exchange, portfolio expansion, or coastal multifamily investment next to downtown shops, restaurants, and attractions.
Location
State OR
County Clatsop
Community Laundry
Area _186
Zoning R3
Rooms
Basement None
Interior
Heating Baseboard, Zoned
Cooling None
Exterior
Community Features Laundry
Roof Type Membrane
Garage No
Building
Lot Description Level
Story 2
Foundation Slab
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Pacific Ridge
Middle Schools Seaside
High Schools Seaside
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
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