461 S Downing St, Seaside, OR 97138

Seaside
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
461 S Downing St,Seaside, OR 97138
$900,000
  • - 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:$900,000
  • Price per sq. ft.:$279.85

About this home

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.

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Home facts

  • Year built:1968
  • Listing ID #:360988267
  • Added:180 day(s) ago
  • Updated:October 07, 2026 at 12:20 PM

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:$900,000
  • Price per sq. ft.:$279.85
  • 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 Better Homes and Gardens Real Estate Equinox 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: October 7, 2026

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