About This Home
This 8-bedroom, 4-bathroom residential multi family at 461 S DOWNING St in Seaside, OR is listed for $900,000 ($280 per sqft). Built in 1968, the home offers 3,216 sqft of living space on a 0.11 acres lot.
Key Features
- Built in 1968
- 0.11 acre lot
- 2 stories
Property Details
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.
Monthly Cost Estimate
$4,813/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
461 S DOWNING St
Seaside, OR 97138
Property Details
Heating
Questions & Answers
This 8-bedroom, 4-bathroom residential multi family at 461 S DOWNING St is listed at $900,000 ($280/sqft). The estimated monthly payment is $4,814 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1968, 0.11 acre lot, 2 stories.
This property is listed by Bree Phillips and can be reached at 5034407679.