Renovated 4-Plex Investment
461 S DOWNING St Seaside, OR 97138
For Sale
$900,000
MULTI_FAMILY - Seaside, OR
Property Size3,216 SF
Lot Size0.11 Acres
Price / SF$279.85
Days on Market108
Property Features for 461 S DOWNING St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 7, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 8
- Standard status
- Active
- APN
- 11830
- Size
- 3,216 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- HERMOSA PARK LT 8 BLK 6
- Tax Annual Amount
- 6661
Utilities
- Heating system
- Baseboard, Zoned
Building Details
- Year built
- 1968
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Membrane
Listing Agency:
eXp Realty LLC
(888) 814-9613
Listed By:
Bree Phillips · License #200512012
(503) 440-7679
Added: Apr 9
Changed: Jul 13
Last Checked: Jul 25 at 6:06AM
MLS# 360988267
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale 4-plex multifamily property offers four residential units in a well-maintained building. The property is situated on a level 50' x 100' lot. Recent updates include a full Unit 4 renovation in 2025, Unit 1 renovation in 2021, and Unit 3 renovation in 2019. Additional improvements include new exterior doors in 2024 and new windows in three units in 2024. Unit 2 retains original finishes, providing an opportunity for future updates.
The property is located in Seaside, Oregon in Clatsop County at 461 S Downing St. It is described as being in the heart of Seaside, approximately three blocks from the beach and two blocks from the Necanicum River. The listing also notes proximity to downtown shops, restaurants, and attractions.
For buyers, this asset may fit investors and operators looking for a coastal 4-plex with a mix of long-term occupancy. The configuration and the documented renovation timeline may support a straightforward management approach, while Unit 2’s original finishes offer an additional path for income strategy through continued improvements. The listing also mentions this property as an option for a 1031 exchange, portfolio expansion, or coastal multifamily investment.
The property is located in Seaside, Oregon in Clatsop County at 461 S Downing St. It is described as being in the heart of Seaside, approximately three blocks from the beach and two blocks from the Necanicum River. The listing also notes proximity to downtown shops, restaurants, and attractions.
For buyers, this asset may fit investors and operators looking for a coastal 4-plex with a mix of long-term occupancy. The configuration and the documented renovation timeline may support a straightforward management approach, while Unit 2’s original finishes offer an additional path for income strategy through continued improvements. The listing also mentions this property as an option for a 1031 exchange, portfolio expansion, or coastal multifamily investment.
Key Highlights
- Well‑maintained 4‑plex on a level 50' x 100' lot in Seaside
- 3 blocks to the beach and 2 blocks to the Necanicum River
- Unit renovations: Unit 4 (2025), Unit 1 (2021), and Unit 3 (2019); Unit 2 has original finishes
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained four-unit building with recent unit renovations and ongoing exterior upgrades on a small level lot.
Where is this quadplex located?
The property is located at 461 S DOWNING St Seaside, OR.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Well‑maintained 4‑plex on a level 50' x 100' lot in Seaside; 3 blocks to the beach and 2 blocks to the Necanicum River; Unit renovations: Unit 4 (2025), Unit 1 (2021), and Unit 3 (2019); Unit 2 has original finishes
