461 S DOWNING ST, Seaside, OR 97138
- $900,000
- 3,216
- SqFt
- List Price
- $900,000
- Price Change
- ▼ $35,400 1782435129
- Days on Market
- 116
- MLS#
- 360988267
- Property Type
- Multifamily
- Sqft. of Residence
- 3,216
- Lot Size
- 3, 000 to 4, 999 SqFt
- Region
- Clatsop Co: Seaside Southwest
- Status
- ACTIVE
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.
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Additional Information
- Tax Amount
- $6,661
- Year Built
- 1968
- High School
- Seaside
- Elementary School
- Pacific Ridge
- Middle School
- Seaside
- Acres
- 0.11
- Living Area
- 3,216
- Stories
- 2
- Lot Size Dimension
- 50' x 100'
- Terms
- Cash, Conventional
- Cooling Description
- None
- Fuel Description
- Electricity
- Heating Description
- Baseboard, Zoned
- Hoa Rent Includes
- Maintenance Grounds, Trash Collection
- Hot Water Description
- Electricity, Tank
- Exterior Description
- T-111 Siding
- Roof Type
- Membrane
- Sewer Description
- Public Sewer
- Parking
- Off Street, Paved
- Security Or Entry
- None
- Parking Description
- Off Street, Paved
- Road Surface
- Paved
- Number Of Units Total
- 4
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1725
- Unit Type One Sq Ft
- 804
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 1423
- Unit Type Three Sq Ft
- 804
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 2
- Unit Type Four Rent
- 1725
- Unit Type Four Sq Ft
- 804
- Unit Type Four Units Total
- 1
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Listing courtesy of eXp Realty LLC.
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