$900,000

461 S DOWNING St, Seaside, OR 97138

  • 3,216 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1968
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $280/sqft
  • Property List Date Icon Listed 2 months ago

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.

Listing Status:
Active
Date Added:
April 9, 2026
Data Last Updated:
June 27, 2026 at 7:44AM
Listing Office:
eXp Realty LLC : 888-814-9613
Listing Agent:
Bree Phillips : 503-440-7679
MLS ID:
360988267
  • Basement: None
  • A/C: None
  • Heating: BaseboardZoned
  • General: T 111 siding
  • Parking: Off streetPavedParking spaces: 8
  • Roofing: Membrane
  • General: Slab
  • Road/Access: Paved
  • Golf: Laundry
  • Originating MLS: Regional Multiple Listing ServiceInc.
  • County: Clatsop
  • Zoning: R3HERMOSA PARK LT 8 BLK 611830
  • Water: Public water
  • Sewer: Public sewer
  • Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Bree Phillips , eXp Realty LLC

Monthly Payment

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

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location