2149 S FRANKLIN ST, Seaside, OR 97138
- $985,000
- 4,800
- SqFt
- List Price
- $985,000
- Price Change
- ▼ $165,000 1781908299
- Days on Market
- 514
- MLS#
- 650795690
- Property Type
- Multifamily
- Sqft. of Residence
- 4,800
- Lot Size
- 10, 000 to 14, 999 SqFt
- Region
- Clatsop Co: Seaside South Central
- Status
- ACTIVE
Property Description
Prime coastal 8-Plex investment opportunity in South Seaside, Oregon. Just four blocks from the beach and steps from a golf course and park, this 8-unit multifamily property offers a rare investment opportunity in South Seaside. Built in 1947, the 11-bed, 8-bath complex consists of five 1-bed/1-bath units and three 2-bed/1-bath units, spanning a total of 4,800 sqft across two buildings on a 10,000 sqft lot (100x100 ft), and includes nine off-street parking spots. This property consistently maintains full occupancy, often receiving hundreds of applicants when a unit becomes available. Located in a desirable neighborhood known for its well-kept homes, this property is just minutes from the Seaside Promenade and four blocks to the popular South Cove surf area. It has undergone major plumbing and electrical updates in 2008/2009, with new windows—10 left to install before closing. Offers an on-site community laundry room. With strong rental demand and the possibility for a conversion to a motel for short-term rental potential, this property offers immediate cash flow and long-term investment versatility. Tours are available for accepted offers only. 1031 exchange, would consider a trade. Don’t miss this high-demand coastal investment opportunity!
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Additional Information
- Tax Amount
- $7,333
- Year Built
- 1947
- High School
- Seaside
- Elementary School
- Pacific Ridge
- Middle School
- Seaside
- Acres
- 0.23
- Living Area
- 4,800
- Lot Size Dimension
- 100x100
- Terms
- Call Listing Agent, Cash, Conventional, Trade
- Fuel Description
- Electricity
- Heating Description
- Wall Heater
- Hoa Rent Includes
- Maintenance Grounds, Sewer, Trash Collection, Water
- Hot Water Description
- Electricity
- Exterior Description
- Shingle Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Off Street
- Parking Description
- Off Street
- Road Surface
- Paved
- Number Of Units Total
- 8
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1300
- Unit Type One Sq Ft
- 600
- Unit Type One Units Total
- 2
- 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
- 1
- Unit Type Three Rent
- 990
- Unit Type Three Sq Ft
- 600
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 1
- Unit Type Four Rent
- 1088
- Unit Type Four Sq Ft
- 600
- Unit Type Four Units Total
- 1
- Unit Type Five Rent
- 935
- Unit Type Five Sq Ft
- 600
- Unit Type Five Units Total
- 1
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Listing courtesy of Works Real Estate.
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