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Renovated Quadplex
For Sale
$900,000

461 S DOWNING St, Seaside, OR 97138

MultiFamily, Seaside, OR

Property Size3,216 SF
Lot Size0.11 Acres
Price / SF$279.85
Days on Market153

Property Features for 461 S DOWNING St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R3
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 7, Bedroom 8, Bathroom 3, Bedroom 4, Bathroom 4, Bedroom 5
Elementary school Pacific Ridge
Middle school Seaside
High school Seaside
Directions Heading S on N Roosevelt Dr, Turn R on Avenue B, L on S Downing Street, House is on L.
Subdivision _186
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
Legal Description HERMOSA PARK LT 8 BLK 6

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
Listed By: Bree Phillips · License #200512012
Added: Apr 9 Changed: Sep 3 Last Checked: Sep 8 at 3:06AM
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 3,216-square-foot quadplex was built in 1968 on a level 0.11-acre lot measuring 50' x 100'. The property contains four units with eight bedrooms and four bathrooms. Unit 4 was fully renovated in 2025, while Units 1 and 3 were renovated in 2021 and 2019, respectively. Exterior doors were replaced in 2024, and three units received new windows that year. Unit 2 retains original finishes. Zoned R3, the building has a membrane roof and zoned baseboard heating.

The property is located three blocks from the beach and two blocks from the Necanicum River. Downtown shops, restaurants, and attractions are nearby. The occupancy mix includes three established long-term occupants and one newer occupant, providing a documented residential operating profile.

Key Highlights

  • 3,216‑square‑foot quadplex on a level 0.11‑acre lot
  • 50' x 100' lot with R3 zoning
  • Unit 4 fully renovated in 2025

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Furniture & Home Goods HVAC Service Storage Facility Daycare Center Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

821
Businesses Nearby

Demographics for 97138, OR

11,248
Population
7,785
Households
1.4
Avg Household Size
48
Median Age
28%
College-Educated
92%
High-School Grad
146.0 sq mi
ZIP Area
77
Density / Sq Mi
$51,993
Median Household Income
$39,285
Median Earnings
$1,004
Median Rent
$433,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - R3-zoned multifamily property with several updated units near the beach, river, downtown shops, restaurants, and coastal attractions.
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: 3,216‑square‑foot quadplex on a level 0.11‑acre lot; 50' x 100' lot with R3 zoning; Unit 4 fully renovated in 2025
More about this property
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