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461 S Downing St, Seaside, OR 97138

  • $900,000

    •

  • —

    bed

  • —

    bath

  • 3,216

    Sqft ($280/Sqft)

Multi-family for sale 145 days
$35.4K price drop
Movoto is helping 21 homebuyers near you

About 461 S Downing St

Property type Multi-family
Neighborhood
Year built 1968
HOA fee $0/month
Lot size 4,791 Sqft
Movoto estimate
Rental estimate
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.
Listed by
Listing Agent - Bree Phillips
Listing Office - eXp Realty LLC
Source: RMLS mls logo
MLS#360988267 • last updated 2 months ago
Movoto checked RMLS for data 33 minutes ago
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Overview
Cooling/AC None
Heating Baseboard, Zoned
MLS # 360988267
Type Multi Family
Status Active
Lot Size (SqFt) 4791
Lot Size (Acres) 0.11
Property Tax 6661.22
Year Built 1968
Exterior
Roof Membrane
# Parking Spaces 8
Exterior Features T-111 Siding
Lot Desc Level
Amenities / Utilities
Hot Water Electricity, Tank
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Clatsop
Community Features Laundry
Area 186 - Clatsop Co: Seaside Southwest
Elementary School Pacific Ridge
Middle School Seaside
High School Seaside
Zoning R3
Directions Heading S On N Roosevelt Dr, Turn R On Avenue B, L On S Downing Street, House Is On L.
APN 11830
Multifamily Details
Unit Type 3: Total Baths 1
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 2
Unit Type 3: # Bedrooms 2
Unit Type 4: Total Baths 1
Unit Type 2: Total Baths 1
Unit Type 4: # Bedrooms 2
Unit Type 1: Rent 1725
Unit Type 4: Rent 1725
Unit Type 3: Rent 1423
Unit Type 2: Rent 1084
Total # of Units 4
Gross Rent Multiplier 12.53
Net Operating Income 51447
Operating Expense 20361
Gross Income 71808
Cap Rate 5.72
Lot/ Land Details
Road Surface Paved
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2/10
Seaside High School
public Grades 9-12
Seaside School District 10
Source: GreatSchools.org © 2026. All rights reserved.

Around Hermosa Park

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Dining
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  • Real Estate
  • OR
  • Clatsop County
  • Seaside
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  • Hermosa Park
  • 461 S Downing St

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