$1,700,000

1715 S Franklin St Seaside, OR 97138

Estimated payment $9,618/month

Total Views 427
16 Beds
8 Baths
6,720 Sq Ft
$253 Price per Sq Ft

Highlights

  • Popular Property
  • Territorial View
  • Landscaped
  • River Front
  • No HOA
  • 2-minute walk to Cartwright Park

About This Home

The Necancium River flows to the east of the property and the beach 6 blocks to the west of this property that is tucked in to a less traveled neighborhood and lends itself to quiet living. Well-maintained with four duplexes. This 8 plex is a gem. All units have their own private fenced yards, a garage, as well as a Washer and Dryer. Services are just a few blocks away with the Seaside Golf Course and resturant, a market and two other resturants which are easily accessable. Showings will be allowed with a mutually agreed upon purchase and sale agreement. Appointment needed to view or walk the property. Do not disturb the tenants or execute a drive through without an appointment. There may be potential for one more duplex on this property. Buyer to check with City if interested.

Listing Agent

Cindy Hawkins

Heron Realty License #980100124 Listed on: 11/14/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,892

Year Built

  • Built in 1966 | Remodeled

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 100 x 220
  • River Front
  • Landscaped
  • Level Lot

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Metal Roof
  • Wood Siding
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,720 Sq Ft Home
  • 1-Story Property
  • Territorial Views
  • Crawl Space
  • Security Lights

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Schools

  • Cannon Bch Acad Elementary School
  • Seaside Middle School
  • Seaside High School

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 12640

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • South West Seaside Subdivision

Amenities

  • Common Area

Building Details

  • Operating Expense $23,545
  • Gross Income $120,600
  • Net Operating Income $97,055

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,892

Year Built

Built in 1966 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1966
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Current Price For Status: 1700000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Total Bedrooms: 16
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: T111Siding,WoodSiding
  • Lot Size: 20,000 SqFt to .99 Acres
  • Waterfront: Yes
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level, PublicRoad
  • Road Surface Type: Gravel, Paved
  • Water Body Name: Necanicum
  • Waterfront Features: RiverFront
  • Disclosures: Disclosure
  • Roof: Metal
  • View: Territorial

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable,FiberOptics
  • Security: SecurityLights
  • Cooling: None
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping, Commons
  • Association: No

Schools

  • Elementary School: Pacific Ridge
  • High School: Seaside
  • Middle Or Junior School: Seaside
  • Elementary School #2: Cannon Bch Acad

Lot Info

  • Zoning: R1
  • Lot Size Acres: 0.5
  • Lot Size: 100 X 220
  • Lot Size Sq Ft: 21780.0
  • Parcel #: 12640

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025
  • Tax Annual Amount: 7892.37

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8
  • Number Of Units Total: 8
  • Gross Rent Multiplier: 14.1
  • Annual Gross Income: 120600.0
  • Property Net Operating Income: 97055.0
  • Annual Operating Expense: 23545.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,892 $549,229 -- --
2024 $7,660 $533,233 -- --
2023 $7,434 $517,703 $0 $0
2022 $7,231 $502,625 $0 $0
2021 $6,904 $487,986 $0 $0
2020 $6,551 $473,774 $0 $0
2019 $6,424 $465,186 $0 $0
2018 $5,914 $434,752 $0 $0
2017 $5,593 $418,923 $0 $0
2016 $4,703 $391,443 $188,696 $202,747
2015 $4,708 $390,559 $202,898 $187,661
2014 $5,008 $392,245 $0 $0
2013 -- $312,862 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/14/2025 11/14/25 For Sale $1,700,000 +223.8% $253 / Sq Ft
03/29/2013 03/29/13 Sold $525,000 -11.8% $71 / Sq Ft View Prior Sale
03/06/2013 03/06/13 Pending -- -- --
01/26/2013 01/26/13 For Sale $595,000 -- $81 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Bargain Sale Deed $525,000 Ticor Title Ins Co
Trustee Deed $500,000 None Available
Bargain Sale Deed -- Pacific Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $310,500 Seller Take Back
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 538110158

Regional Multiple Listing Service (RMLS)

APN: 12640