2149 S Franklin St, Seaside, OR 97138
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
2149 S Franklin St,Seaside, OR 97138
$1,250,000
- - Beds
- - Baths
- 4,800 sq. ft.
- Multi-family
- Active
Listed by:chrissy tese-moe
Office:works real estate
MLS#:650795690
Source:PORTLAND
Price summary
- Price:$1,250,000
- Price per sq. ft.:$260.42
About this home
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 on-site 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. 1031 exchange, would consider a trade. Don’t miss this high-demand coastal investment opportunity!
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Home facts
- Year built:1947
- Listing ID #:650795690
- Added:202 day(s) ago
- Updated:September 19, 2025 at 11:19 AM
Rooms and interior
- Living area:4,800 sq. ft.
Structure and exterior
- Roof:Composition
- Year built:1947
- Building area:4,800 sq. ft.
- Lot area:0.23 Acres
Schools
- Middle school:Seaside
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,250,000
- Price per sq. ft.:$260.42
- Tax amount:$7,333 (2024)
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