James & Angie Smith

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Listing provided courtesy of eXp Realty LLC- MLS# 360988267MLS Provider

461 S DOWNING STSeaside, OR 97138

Multi-Family · 3,216 Sq. ft. | 0.11 Acres
$900,000 Active

461 S DOWNING ST Overview

Time on Site:
81 days
Visits:
0

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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461 S DOWNING ST Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,216
  • Price/Sq.ft. $280
  • Lot 0.11 Acres

Details

General

School Information

  • Elementary School: Pacific Ridge
  • Middle Or Junior School: Seaside
  • High School: Seaside

Income/Expenses

  • Gross Income: 71808.0
  • Net Operating Income: 51447.0
  • Operating Expense: 20361.0

Building Information

  • Year Built: 1968

Location/Region

  • Country: US
  • County Or Parish: Clatsop
  • MLS Area Major: 186 - Clatsop Co: Seaside Southwest

Community/Development

  • Community Features: Laundry

Rent/Lease Information

  • Rent Includes: Maintenance Grounds,Trash Collection

Tax Information

  • Tax Annual Amount: 6661.22
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional
  • Parcel Number: 11830
  • Property Condition: Approximately
  • Property Type: Multi Family
  • Zoning: R3

Interior

Parking Information

  • Garage Spaces: 0

Building Interior

  • Building Area Total: 3216.0

General Information

  • Basement: None
  • Cooling: None
  • Foundation Details: Slab
  • Heating: Baseboard,Zoned
  • Security Features: None
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Off Street,Paved
  • Parking Total: 8.0

Lot Information

  • Lot Features: Level
  • Lot Size Acres: 0.11
  • Lot Size Dimensions: 50' x 100'
  • Lot Size Square Feet: 4791.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Membrane

General Information

  • Number Of Units Total: 4
  • Sewer: Public Sewer

461 S DOWNING ST Neighborhood

Community

97138 (Seaside) Demographics

47
Median Age
84
Population Density (per sq. mile)
34%
College Educated
$47,575
Estimated Median Income
2,454
Estimated Total Home Owners
2,246
Estimated Total Renters
52% / 48%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

461 S DOWNING ST Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

461 S DOWNING ST Market Data

Based on the last 30 days in this zip code

$805,621
Average List Price
$394
Average Price per Square Foot
21
Properties Sold
100
Average Days on Market
218
Properties for Sale
Calculations provided by Reliance Network

461 S DOWNING ST History

Date Event Value Agent
6/25/2026Source: Regional MLS Price Reduction
$900,000 -3.8%
4/9/2026Source: Regional MLS Added to Database
April 09, 2026