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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Listed by eXp Realty LLC
$900,000
Est. payment /mo
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3,216 SqFt
Price Dropped by $35K

461 S DOWNING ST Seaside, OR 97138

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Suzanne Clark Cambray

Suzanne Clark Cambray

+1(503) 806-9332

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,216 sqft

Price per Sqft $279

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)

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Suzanne Clark Cambray

Suzanne Clark Cambray

Your Trusted Advisor, Licensed Principal Broker in OR & NY License ID: 200608182

+1(503) 806-9332

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461 S DOWNING ST