461 S DOWNING ST, Seaside, OR 97138
- $900,000
- 3,216
- SqFt
- List Price
- $900,000
- Status
- ACTIVE
- Days on Market
- 157
- Price Change
- ▼ $35,400 1782435129
- MLS#
- 360988267
- Year Built
- 1968
- Living Area
- 3,216
- Lot Size
- 4,791
- Acres
- 0.11
- MLS Area Major
- Clatsop Co: Seaside Southwest
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
- Zoning
- R3
- Stories
- 2
- Parking
- Off Street, Paved
- Parking Features
- Off Street, Paved
- Elementary School
- Pacific Ridge
- Middle School
- Seaside
- High School
- Seaside
Listing courtesy of eXp Realty LLC.
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