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461 S Downing St, Seaside, OR 97138

Seaside
Local realty services provided by:CENTURY 21 Northstar
461 S Downing St,Seaside, OR 97138
$935,400
  • - Beds
  • - Baths
  • 3,216 sq. ft.
  • Multi-family
  • Active
Listed by: bree phillips
Office: exp realty llc.888-814-9613
MLS#:360988267
Source:PORTLAND

Price summary

  • Price:$935,400
  • Price per sq. ft.:$290.86

About this home

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.

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Home facts

  • Year built:1968
  • Listing ID #:360988267
  • Added:14 day(s) ago
  • Updated:April 23, 2026 at 11:22 AM

Rooms and interior

  • Living area:3,216 sq. ft.

Heating and cooling

  • Heating:Baseboard, Zoned

Structure and exterior

  • Roof:Membrane
  • Year built:1968
  • Building area:3,216 sq. ft.
  • Lot area:0.11 Acres
  • Lot Features:Level
  • Foundation Description:Slab
  • Levels:2 Stories

Schools

  • High school:Seaside
  • Middle school:Seaside
  • Elementary school:Pacific Ridge

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$935,400
  • Price per sq. ft.:$290.86
  • Tax amount:$6,661 (2025)

Parking

  • Total parking spaces:8
  • Parking description:Off Street, Paved
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than CENTURY 21 Northstar are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: April 23, 2026

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