461 S Downing St Seaside, OR 97138

PRICED AT $900,000

Listing Details

  • $900,000
  • MLS# 360988267
  • Type Multi Unit - Multiple
  • Status Active
  • 3,216 Square Feet
  • 50' x 100' Lot Size
  • 1968 Year Built

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,...read more

Features

  • None
  • Baseboard, Zoned
  • 2.0 Stories
  • $6,661 Taxes
  • Public Water
  • Built in 1968
View All Features

Contact the Listing Agent

Contact the Listing Agent
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/27/2026. The listing information on this page last changed on 06/27/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 06/27/2026 6:23:28 AM EST) or RMLS (last updated Sat 06/27/2026 1:50:22 AM EST) or COAR/MLSCO (last updated Sat 06/27/2026 1:31:29 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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All Property Features

  • Property Type: Multi Unit - Multiple
  • Basement: None
  • Cooling: None
  • Days on Site: 78
  • Exterior: T-111 Siding
  • Fuel Type: Electricity
  • Gross Income: $71808.00 (Actual)
  • Heating: Baseboard, Zoned
  • Hot Water Description: Electricity, Tank
  • Lot Description: Level
  • Lot Dimensions: 50' x 100'
  • Lot Size: 50' x 100'
  • Net Income: $51447.00 (Actual)
  • Operating Expenses: $20361.00 (Actual)
  • Parking: OffStreet, Paved
  • Parking Notes: OffStreet, Paved
  • Roof Type: Membrane
  • Sewer: Public Sewer
  • Storage: None
  • Stories: 2.0
  • Taxes: $6,661
  • Units: 4
  • Water: Public Water
  • Year Built: 1968

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