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Listed by eXp Realty LLC

$935,400

Est. payment - /mo

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3,216 SqFt

Active

461 S DOWNING ST Seaside, OR 97138

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,216 sqft

Price per Sqft $290

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

This well-maintained 4-plex sits on a flat, 50' x 100' lot in the heart of downtown Seaside. Located just 3 blocks from the beach and 2 blocks from the Necanicum River, the property is an attractive location for long term or mid-term occupants. Seaside's economy supports both long-term rentals and mid-term rentals, making this a versatile asset for investors seeking resilient cash flow. Proven rental track record with excellent occupancy history. Three long-term occupants in place and one newer occupant giving reliable income with minimal vacancy. Ideal for 1031 exchange buyers, portfolio expansion, or hands-on investors looking to add value through minor cosmetic tweaks. Unit 4 fully renovated in 2025, Unit 1 renovated in 2021, Unit 3 renovated in 2019 and Unit 2 remains original. All new exterior doors across the property (2024). New windows installed on three units in 2024 (Unit 4 windows remain functional.

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

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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