461 S DOWNING ST, Seaside, OR 97138
461 S DOWNING ST, Seaside, OR 97138
461 S DOWNING ST, Seaside, OR 97138
461 S DOWNING ST, Seaside, OR 97138
461 S DOWNING ST, Seaside, OR 97138
461 S DOWNING ST, Seaside, OR 97138
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Jerrel Thomas

Jerrel Thomas

+1(503) 850-9404
Listed by eXp Realty LLC
$ 935,400
Est. payment | /mo

3,216 SqFt

Save
$ 935,400
Est. payment | /mo
Save

3,216 SqFt

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

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

Regional Multiple Listing Service (RMLS)

Nearby Locations

Jerrel Thomas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 850-9404

jthomas@ascentnw.com

2175 NW Raleigh St Ste 110, Portland, OR, 97210, USA

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461 S DOWNING ST