1. Oregon
  2. Seaside
  3. 2149 S FRANKLIN St
$1,250,000

2149 S FRANKLIN St, Seaside, OR 97138

  • 4,800 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1947
  • Property Lot Size Icon10,019sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $260/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Seller financing now available! Prime coastal 8-Plex investment opportunity in South Seaside, Oregon. Just four blocks from the beach and steps from a golf course and park, this 8-unit multifamily property offers a rare investment opportunity in South Seaside. Built in 1947, the 11-bed, 8-bath complex consists of five 1-bed/1-bath units and three 2-bed/1-bath units, spanning a total of 4,800 sqft across two buildings on a 10,000 sqft lot (100x100 ft), and includes nine off-street parking spots. This property consistently maintains full occupancy, often receiving hundreds of applicants when a unit becomes available. Located in a desirable neighborhood known for its well-kept homes, this property is just minutes from the Seaside Promenade and four blocks to the popular South Cove surf area. It has undergone major plumbing and electrical updates in 2008/2009, with new windows—10 left to install before closing. Offers an onsite community laundry room. With strong rental demand and the possibility for a conversion to a motel for short-term rental potential, this property offers immediate cash flow and long-term investment versatility. Tours are available for accepted offers only. Don’t miss this high-demand coastal investment opportunity!

Listing Status:
Active
Date Added:
March 6, 2025 at 06:00AM
Listing Office:
Works Real Estate : 503-714-7053
Listing Agent:
Chrissy Tese-Moe : 971-300-0770
MLS ID:
650795690
  • Heating: Wall heater

This listing courtesy of Chrissy Tese-Moe, Works Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Seaside Heights Elementary School

2000 Spruce Dr, Seaside, OR, 97138

Grades KG-5

1.10 miles away

B

Broadway Middle School

2600 Spruce Dr Ste 200, Seaside, OR, 97138

Grades 6-8

1.42 miles away

S

Seaside High School

2600 Spruce Dr Ste 200, Seaside, OR, 97138

Grades 9-12

1.42 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.