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About the Listing 3EXP01 - PHILLIPB
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.
Listing Highlights
Status
Active
Days on Site
8
Property Type
Multi-Family
MLS ®
360988267
Year Built
1968
Total Square Footage
3,216
Lot/Acreage
0.11
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Zoned
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Level
- Garage Capacity: N/A
- Parking Spaces: 8
- Lot Dimensions: 50' x 100'
- Zoning: R3
- Roof: Membrane
- Others: Approximately
- Sewer: Public Sewer
- Parking Features: Off Street,Paved
Financial Details
- Tax Amount: $6,661
- Taxes w/Assessments: N/A
- Tax/Property ID: 11830
- Tax Year: N/A
Payment Calculator
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Questions About..
461 S Downing St Seaside, OR 97138
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