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About This Home
This 8-bedroom, 4-bathroom residential multi family at 461 S DOWNING St in Seaside, OR is listed for $935,400 ($291 per sqft). Built in 1968, the home offers 3,216 sqft of living space on a 0.11 acres lot.
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.
Key Features
- Built in 1968
- 0.11 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$5,003/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 $935,400 ($291/sqft). The estimated monthly payment is $4,053 based on 20% down at 6.5% interest.
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 or bree@liveastoria.com.